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Capacity, Scale, and Control
How the dream of a middle class existence collapsed, first for Blacks, then for more and more white American workers and what the Biden administration could do to retrieve the situation.
“Build back” means restoring the government and business investments in the productive capabilities of the U.S. labor force that created a growing middle class in the three decades after World War II
That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good. This article is being published jointly by INET and The American Prospect
Featuring this expert
The Washington Post cites William Lazonick’s INET paper on shareholder value
Vox cites William Lazonick’s INET paper on shareholder value
INET grantee William Lazonick explains why Sen. Tammy Baldwin is proposing to ban stock buybacks.
One of Wall Street’s favorite tools could be deepening the growing chasm between America’s rich and poor, according to INET grantee William Lazonick.