Stock Buybacks Stand in the Way of Biden’s Infrastructure Plan

“[A]ccording to economist William Lazonick, a leading expert on business innovation, we can’t get there without first dealing with how Wall Street billionaires are allowed to call the shots for American businesses. Right now, large, capable companies like GE and Intel – companies that could be mobilized to help achieve the laudable goals of Biden’s plan — are getting their marching orders from hedge fund predators looking to make a quick buck. The interests of these financiers don’t align with what firms need to be doing to achieve large-scale, long-term goals, like competing with China on clean energy…”