1 hr 6 min
Financialization of the Global Economy - Now is our time to take back control (with Johannes Bull Haraldsen) Curiosity Now!
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- Government
The financial industry and investment behavior of big corporations have changed significantly since the late 1970s, resulting in absurd levels of wealth and power accumulation at the very top. Companies are giving away almost all their money for stock buybacks and dividends instead of raising wages, increase investments or safe money for a recession. It is time to re-democratize those companies, stop their terrible management practices, and put workers and stakeholders first.
Main sources:
Johannes on Medium: https://medium.com/@jobull
Companies spend almost all their money to enrich shareholders: https://hbr.org/2014/09/profits-without-prosperity
How stock buybacks have disrupted investment behaviour: https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cuts-trump-republicans
Bailouts reward terrible management decisions: https://www.nytimes.com/interactive/2020/03/27/opinion/coronavirus-bailout.html
The financial industry and investment behavior of big corporations have changed significantly since the late 1970s, resulting in absurd levels of wealth and power accumulation at the very top. Companies are giving away almost all their money for stock buybacks and dividends instead of raising wages, increase investments or safe money for a recession. It is time to re-democratize those companies, stop their terrible management practices, and put workers and stakeholders first.
Main sources:
Johannes on Medium: https://medium.com/@jobull
Companies spend almost all their money to enrich shareholders: https://hbr.org/2014/09/profits-without-prosperity
How stock buybacks have disrupted investment behaviour: https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cuts-trump-republicans
Bailouts reward terrible management decisions: https://www.nytimes.com/interactive/2020/03/27/opinion/coronavirus-bailout.html
1 hr 6 min