The Financial Times
“William Lazonick, a professor of economics at the University of Massachusetts Lowell, bemoans the emergence of what he terms a “downsize-and-distribute” strategy, whereby companies hand their cash to shareholders as dividends and share buybacks. He contrasts this with the “retain-and-reinvest” approach that prevailed at US companies in the two decades following the end of the second world war.”
Nothing contributes so much to the prosperity and happiness of a country as high profits