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Well. The debt that financed the buy backs was created by a central planning authority with a massive control over the economy, so let's don't call centrally-pl
by llcoolv 7y ago
Well. The debt that financed the buy backs was created by a central planning authority with a massive control over the economy, so let's don't call centrally-planned collectivist policies capitalism, because they have nothing to do with it. Also, the pressure for the buybacks comes from institutional investors and centralised authorities.
Btw this sort of state-run "capitalism" isn't really socialism either, to me it is more reminescent of the 1930s in Southern Europe.