Quote:
Originally Posted by cockerpunk
until we decide that the economy is for people, not money, we are going to have this issue.
the biggest thing that we need to do: make stock buy backs illegal. its absurd they were ever legal in the first place.
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I agree with #1, but I don't see how we can unwind things. Greed exists, even if's only a small percentage of the population, it drives the market.
Stock buybacks are an acceptable use of excess corporate cash IMO. It's basically saying 'our stock is underpriced, we think it's the best investment available to us'. The result of a ban would be more corporate takeovers, the cash won't/can't sit there.