[lbo-talk] The shock doctrine

Doug Henwood dhenwood at panix.com
Sun Sep 16 07:30:12 PDT 2007


On Sep 16, 2007, at 10:21 AM, Shane Mage wrote:


> Whenever, in the past, there were plentiful profitable investment
> arenas,
> corporations didn't waste their investible capital on stock buy-backs.
> Still less did they go into debt to do so.

Going into debt to fund buybacks suggests that it's not an absence of investment opportunities that's driving the phenomenon - it's the shareholders demanding it.

Doug



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