Originally Posted by Gspeed

I too hate it when human rights get in the way. I thought we were gonna MAGA that away?

Originally Posted by Viking busdvr

So change the law... Quit dumping it in the lap of “that darn capitalism!”

If you’ve got a better system than capitalism let’s hear it! And provide concrete examples of where it’s worked.....

Originally Posted by Viking busdvr

So change the law... Quit dumping it in the lap of “that darn capitalism!”

If you’ve got a better system than capitalism let’s hear it! And provide concrete examples of where it’s worked.....

Originally Posted by OOfff

Any time people try to change the law to prevent capitalist overreach and exploitation, the right mindlessly screams at the top of its lungs about “muh free market!!!” and “but but but regulation is bad” and “socialism!!!!”

it’s kinda hard to change the laws to prevent this when half the country is bootlicking, temporarily embarrassed billionaires.

Originally Posted by Funk

Weird how you immediately returned to your ideological priors. Last time you claimed it was Reagan and his ilk that changed the law and did this to us, but both houses of Congress were controlled by the Democratic Party, so either Reagan had a magical touch during his final two years (hardly the case because this is the Iran-contra period), or Democrats also had a hand in the rule change (one might say the majority hand since they controlled both houses of Congress).

You might do well to do real research and analysis rather than casting aspersions of those you don’t like politically.

Originally Posted by deltabound

(as airlines are mentioned specifically, by name in this article, and airline CEO's are adamant that they will not accept loans with "no stockbuyback" clauses, this timely)The S.E.C. Rule That Destroyed the Universe

Anyone who wants to grok the genesis of the absolute evil that are "stock buybacks" needs to read the Rolling Stones article about the CFR Rule 10b-18 that changed everything way back in 1982. Prior to this rule change, a company repurchasing its own stocks in quantity was generally regarded as outright illegal stock price manipulation. With executives subject to jail time if they got caught. Previous to this rule, profits were mostly returned to shareholders via dividends or reinvested into the business.

From the article "Board members chosen by shareholders could raid their own companies assets to buy stock and goose share prices... Employees, customers, and society were suddenly in direct competition for resources with executives and shareholders. Should a company invest in a new factory, or should it just deliver instant millions to shareholders and executives paid in options?"

If you want to understand why trillions in profits for decades have been dumped into executive compensation and giant hedge fund stock holders, look no further. It's immoral, anti-capitalist, highly destructive, but thankfully, fixable. And now might be the time.