The monster of economic waste—over $7 trillion of dictated stock
buybacks since 2003 by the self-enriching CEOs of large
corporations—started with a little noticed change in 1982 by the
Securities and Exchange Commission (SEC) under President Ronald Reagan.
Essentially burning trillions of dollars for the hyper enrichment of a
handful of radical corporate state supremacists wasn’t what classical
capitalism was supposed to be about.
Read the rest of the story HERE:
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)