1. A return to allowing governments to allocate capital would be no improvement. 2. If you think the government can allocate capital more effectively than the free market, by all means join the megaplex pom-pom squad. 3. Meanwhile, the recent promise to let the market allocate capital looks in danger of being compromised. 4. Shell said Liberty management allocated its capital particularly well. 5. That means the accountants have more say in such issues as how to serve clients, allocate capital for training of personnel and invest in technology. 6. The entire economy depends on the financial system to raise and allocate capital. 7. The highest marks, Hagstrom writes, go to managers who put shareholders first when allocating capital. 8. To be sure, studying an investment and actually allocating capital are two different things. 9. Under the new rules, the bank would be allowed to allocate capital based on the combined credit risk of all these deals, instead of on each transaction. 10. Thus in the final analysis, RONW brings out the efficiency in allocating capital -- which is what business is all about. |