In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Best of all, American Express is setting on a huge pile of cash. It reported $31.092 billion in cash and equivalents on 31 March 2018. That gives Amex the resources for a huge stock buyback or acquisition if it wants.
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Wu thinks the Supreme Court is getting dangerously close to upsetting the balance of powers upon which our constitutional government is based.
“In cases like Ohio v. American Express, the court is rejecting that tradition of compromise and taking us down a path that leads in dangerous directions,” Wu wrote in a New York Times op-ed. Wu fears that the Supremes are about to tear up the anti-trust laws which will lead to all-out political warfare behind business and government.
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