The Stock Buybacks Swindle - Economic Update with Richard Wolff скачать в хорошем качестве

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 Watch the full episode on our YouTube channel at    • Economic Update: Rising Labor, Faltering S...   You can also listen to this show on our website or as a podcast on your favorite podcast player. ______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon:   / economicupdate   Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! https://www.democracyatwork.info/books “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democra... _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon:   / economicupdate   Websites: https://www.democracyatwork.info/econ... https://www.rdwolff.com DailyMotion: https://www.dailymotion.com/democracy... Facebook:   / richarddwolff     / democracyatwrk   Twitter:   / profwolff     / democracyatwrk   Instagram:   / democracyatwrk   Subscribe to our podcast: https://economicupdate.libsyn.com Shop our Store: https://bit.ly/2JkxIfy