Where do you think workers spend their money?
We need to stop propping up companies incapable of weathering a rainy day.
This moral hazard madness needs to end.
We need to stop propping up companies incapable of weathering a rainy day.
This moral hazard madness needs to end.
Government intervention to corporations should only be loans, convertible to equity.
Galloway observes that USA taxpayers actually made money from the 2008-2009 bailouts to corporations.
I'm pretty sure I agree with this policy. I'd like to learn more.
Along with prohibitions on stock buybacks, bonuses for execs, and all the other clever ways people exfiltrate cash from corporations.
TED Talk: Nick Hanauer "Rich people don't create jobs" https://www.youtube.com/watch?v=CKCvf8E7V1g
As you noted, the spend and windfall on buybacks or maybe automation.
https://arstechnica.com/tech-policy/2019/05/att-promised-700...