Latest / Pitchfork Economics with Nick Hanauer
Stock Buybacks and the Trillion Dollar Heist (with Senator Cory Booker)
Corporations are on track to spend more than $1.3 trillion on stock buybacks this year—money that could have gone toward higher wages, innovation, or community investment. That’s the real-life Trillion Dollar Heist at the center of our new comic from Civic Ventures, which follows Marta, a janitor who interrupts a corporate board meeting just as executives plot their next billion-dollar buyback spree.
This week, we’re resharing our 2019 conversation with Senator Cory Booker, who explains how stock buybacks went from illegal market manipulation to one of the biggest drivers of inequality.
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