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To clarify, instead of building a strong company with a strong workforce as was the historical norm in the USA during it's prosperous times, companies 'invest'
by _DeadFred_ 2y ago
To clarify, instead of building a strong company with a strong workforce as was the historical norm in the USA during it's prosperous times, companies 'invest' in stock buybacks, which do NOTHING to strengthen the company, their sole purpose is to manipulate the company's stock in the short term.
Forget workers rights, we all need to 'unionize' (work in union) to eliminate stock buybacks and get them reclassified as stock manipulation like there were prior to Ronald Reagan's presidency. If companies want to 'give money away' with respect to stocks, they can issue dividends, which changes to dynamics of the stock market (Prosperous pre-1980s America's 'I buy a company because it will be strong long term and pay me dividends' versus enshitified 2024 American stock market's 'I buy stocks for short term one time capital gains at the expense of all else').
https://mavenroundtable.io/theintellectualist/news/stock-buybacks-were-once-illegal-why-are-they-legal-now https://mavenroundtable.io/theintellectualist/news/stock-buy...