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Originally Posted by 1990C4S
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.
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we get to make up the rules of the world.
we dont have to just accept the world as it is.
stock buy backs were illegal, for obvious reasons, until the 1980s.
this is just one example of how we need to rebuild the world to make the economy serve us, instead of capital.