The Stock Buybacks Swindle - Economic Update with Richard Wolff

Prof Wolff looks into the policy of stock buybacks: when a company buys their own stocks in order to enrich their wealthy executives and investors instead of creating more jobs or raising wages.

"The job of the mass of the people is to come to work, do the work, produce the goods, generate the profits and then shut up so that the tiny group at the top (the executives at the top, the major shareholders) can use that money to buy back their shares in the stock market and boost their wealth and boost their income. What a system. It's the most undemocratic imaginable." - Richard Wolff

This is a clip from S12 E36 of Economic Update: Rising Labor, Falling System
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