| > taking back the corporation You mean like, giving the value created by the corporation back to those to whom its original assets belonged before its success, as a reward for prudent thinking? That sounds it will incentivize valuable investments! Does he have a proposed mechanism? /s > Productivity in an advanced economy depends on the extent to which members of the labor force have the opportunity to engage in collective and cumulative learning over the course of careers that may span 40 years or more [and this is decreasingly the case]. An important trend to consider, but the causes are totally orthogonal to buybacks/dividends. Technology is moving faster, and skills emerge and obsolesce in different ways than in the halcyon Old Economy. > It is unrealistic to assume that in a world of open-systems technologies and intense global competition the norm of a career with one company could, or should, be restored. Hey, he said a correct sentence! Good job! > And some of the funds made available by a buyback ban can flow to the government as tax revenues to enable it to invest in physical infrastructure and human knowledge that can underpin the next generation of innovation. Ooh, ooh, here's an idea...let's pass the money back to the investors who will pass it on not to a company that's saying "we don't know what to do with this much money", but rather one that says something promising like, oh I don't know, "we're gonna invest in physical infrastructure and human knowledge that can underpin the next generation of innovation". (And let's tax some agreed-upon amount of economic activity and use it to fund things that are genuinely better undertaken by a government) |