Share buybacks have been the ‘only net source of money entering the stock market’ since 2008

By Nick Beams

“Like every great crisis, the coronavirus pandemic has laid bare everything rotten and degenerate in capitalist society.

Nowhere is that exposure more pronounced than in the case of the stock market—that vast institutionalised mechanism through which the wealth of society, produced by the labour of the working class, is siphoned to its highest echelons at the expense of the mass of the population.”…

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