Unfortunately, protecting megacorps from the consequences of their own decisions is a bipartisan effort. Only a few fringe players on either side of the political spectrum are willing to say "we should let companies that make bad decisions fail".
Whenever the government picks winners, they break the system, and the resulting organizations will be broken and corrupt and useless. The companies that spent all their profits on stock buybacks should face the consequences in bad times. That's the solution to stock buybacks.
Whenever the government picks winners, they break the system, and the resulting organizations will be broken and corrupt and useless. The companies that spent all their profits on stock buybacks should face the consequences in bad times. That's the solution to stock buybacks.
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