Fictitious Capital Running Rampant in Yankeedom

In the last 30 years, according to this article, profits made on stock buybacks have increased from 5% to 54%. This has once again proven that when capitalists receive tax breaks they do not invest in the working class, infrastructural problems or full-time decent paying jobs. We also think they are very myopic in that most working class people who justify capitalism claim that profits should be invested in real goods and services. Financial capitalists have little idea that they are increasingly illegitimate in the eyes of most Americans.
Read at WSWS
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