The argument isn't that the companies are necessarily doing the wrong thing for shareholders, but that cheap money is not spurring investment in capital equipme

The argument isn't that the companies are necessarily doing the wrong thing for shareholders, but that cheap money is not spurring investment in capital equipment, R&D, etc., which is a change from what historically happened. The opinion of some people quoted in the article (not all) is that this lack of investment is bad for the economy long-term.