Curiosity Now!
Curiosity Now!
Torben Trapp
Financialization of the Global Economy - Now is our time to take back control (with Johannes Bull Haraldsen)
1 hour 6 minutes Posted Apr 23, 2020 at 10:00 am.
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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