Ep 11: The Myth of Capitalism (with Denise Hearn)
Library of Mistakes
00:00
The Bipartisan Support for Antitrust Cases
There's been significant bipartisan support in the US for specific cases as well. A number of state attorneys general across, you know, both Republican and Democrat have teamed up to bring cases against Google or Facebook. There is a link where there has been some academic research to show that in more highly concentrated industries, there's a higher propensity for stock buybacks. You've seen ways of using financial engineering effectively to pad profit margins to boost stock price. These are not long term investments in innovation that will put firms in good stead over the course of time.
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