Originally Posted by
OOfff
Capitalism in action. We shouldn’t try to stop capitalists from acting in their self interest. If we are mad about this, we can just outcompete with a better product or service
The US abandoned Capitalism a long time ago. Bailing out companies that make poor decisions and basically nationalizing them is anything but Capitalism.
The reason these companies buy their own stock is because they get almost-free money (interest rates set by govt. instead of free market), and they suffer no consequences when that debt blows up in their face.
Trust me, business would behave quite differently without all the socialist intervention of our government.