Stock Buybacks: Free-Market Ideology's License to Loot

William Lazonick, Professor Emeritus, U Mass Lowell, speaks at the forum, “Destroying the Myths of Market Fundamentalism,” held in Washington DC, on October 19, 2018

[OB]

I am distrustful of companies who buyback, but couldn’t explain why. Now I understand. Thank you. I would love to see you share your ideas in a different setting, perhaps sitting down with a colleague.

[aldemir]

Buyback is nothing but a ripping of the consumer.

[brianbooker]

Great video but can't find the speaker's book

[VincentVonDudler]

A minute in and uhh...already can tell uhh... this uhh....video needs ....uhhh editing.

Edit: A fairly decent talk, notwithstanding
26:41 - Particularly enjoyed when Lazonick calls Milton Friedman a fraud. :D

[krisinmcirvin]

So NOW all the people need to understand and learn is how federal taxes do not fund government spending. ...however federal government spending is supposed to be for the PUBLIC purpose not for bailing out large corporations. ...

Per article one section 8 of OUR Constitution states that only Congress can Mandate spending and taxation.

#LearnMMT Look up Dr Stephanie Kelton