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And their stock soared 25% yesterday because of their profitability. Are you trying to prove the point I’m making or just mad at me that I explain capitalism?
by looping__lui 4y ago
And their stock soared 25% yesterday because of their profitability. Are you trying to prove the point I’m making or just mad at me that I explain capitalism?
- SauciestGNU 4y agoI think many people (myself included) see it as a problem that capitalism so clearly works against the interest of the many to benefit the few. We understand why stock buybacks and layoffs increase shareholder value, and therein lies the problem.
- looping__lui 4y agoEvery other system had more wealth destroying and catastrophic outcome for society. Not arguing for “unrestricted capitalism that is never tamed” - but with a functioning social net and access to basic needs for almost everyone it’s probably pretty amazing. You are also missing, that for most people this is probably great: less high income individuals competing for resources in the marriage, housing, etc market. They see their wages increased and their relative purchasing power in society lifted and are happy about this development.
- KptMarchewa 4y agoThe biggest problem (among many) I have is that they bold faced lie. When Zucc says "I view layoffs as a last resort" and then announces 40 billion buyback he should be lawfully punished. If there's no law for that there should be.
- mrep 4y agoI 100% agree with that. Companies should be barred from doing stock buybacks or paying out dividends for some time if they do layoffs.