The violent repression in Tiananmen Square set back China’s move toward democracy by at least 20 years. Let’s hope that Business Roundtable et al. v. SEC does not mean the same thing for shareholder democracy.
暴力镇压天安门广场让中国的民主运动至少倒退了20年。但愿商业圆桌会议派和SEC的斗争不会给股东民主带来同样的后果。这不是股东之春，而是股东失望之冬。