166 Results for “William Lazonick”

The prevailing stock market ideology enriches value extractors, not value creators

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

Capacity, Scale, and Control

It’s time for business executives, employees, and taxpayers to come together to help get us out of the pandemic and create conditions for a sustainable and equitable future

The company’s focus on stock buybacks to increase shareholder value is a reminder of why so much of the value created daily by millions of workers ends up in the hands of the billionaires

Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.

To strengthen the American semiconductor industry, Congress should condition additional funds on suspending stock buybacks

Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks.

Affordable medicines remain out of reach for millions because pharmaceutical innovation is organized around value extraction, not public health. How do shareholder-driven governance and fragmented global health financing reinforce inequity, and what structural reforms are needed to reverse it?

What we’re reading: A weekly scan of published items relevant to the Institute’s work

New book reveals how and why hedge-fund activists have been able to suck the life from big-name companies like J.C. Penney and Samsung with their short-sighted profit-grabs. Can their harmful activities be stopped?

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.

Current proposals will worsen inequality and harm those Trump promised to protect—while further enriching the top 1%

In Capitalism and Its Critics, New Yorker writer John Cassidy brings to life the figures who warned of monopoly power, inequality, environmental peril, and authoritarianism—forces still at work today. He discusses his book with Lynn Parramore.

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.