Sounds like they need to read Kondratieff. Yes, the way capitalism is currently constituted — with the managerial class, Goldman-Sachs included, thinking they are entitled to profits simply for being who they are — is ineffective and unsustainable. We are in the Kondratieff winter, the generation that thinks that way, doesn’t understand that capital formation takes effort. As Kondratieff found, studying capitalism at Stalin’s behest to “prove” it would collapse, capitalism will, with a bit of suffering for those currently at the top, fix itself and come out stronger when the upcoming generation that has to struggle actually gets to be in charge. (For his honest scholarship, Kondratieff was publicly sentence to ten years of exile in one of Stalin’s purges, then executed
extra-judicially the day he was sentenced.)
Article is wrong. Corporations use profits and excess cash to buy back their stock not debt. This may appear to increase debt/equity ratios as the repurchased stock is held as “Treasury Stock” a negative number. Profit percentages go up, earnings per share go up, and tangible worth goes up. This is a good move if long term liquidity is an issue.
TOO BIG to jail collective dictates to puppets.