Stock Buybacks and the Trillion Dollar Heist (with Senator Cory Booker)

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. Read the Trillion Dollar Heist Comic: https://bindings.app/read/7mINYO2H This episode originally aired February 26, 2019. Senator Cory Booker is a Democratic lawmaker from New Jersey who has served in the U.S. Senate since 2013. A Rhodes Scholar and Yale Law graduate, he began his career on the Newark City Council before serving as mayor from 2006 to 2013. In the Senate, Booker has focused on criminal justice reform, economic opportunity, climate action, and protecting civil and LGBTQ+ rights. Social Media: Marta Paul Constant Sarah Star Litt Alan Robinson Pippa Bowland AndWorld Design Mary P. Traverse Further reading: Trillion Dollar Heist Comic Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social Twitter: @PitchforkEcon, @NickHanauer, @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: ⁠The Pitch⁠

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Myths That Built Trickle-Down Economics: Shareholder Value (with William Lazonick and Lenore Palladino)

Myths That Built Trickle-Down Economics: Shareholder Value (with William Lazonick and Lenore Palladino)

This week, we’re continuing our archive miniseries, Myths That Built Trickle-Down Economics, with the myth that corporations exist to maximize shareholder value. For decades, Americans were sold the ...

30 Kesä 47min

Myths That Built Trickle-Down Economics: Regulations Kill Growth (with Robert Reich)

Myths That Built Trickle-Down Economics: Regulations Kill Growth (with Robert Reich)

This week, we’re kicking off our archive miniseries, Myths That Built Trickle-Down Economics, with one of the most persistent myths in American politics: that regulation kills growth. Corporate lobby...

23 Kesä 39min

AI Job Loss Is Real. The Catastrophe Is Optional (with Kathryn Edwards)

AI Job Loss Is Real. The Catastrophe Is Optional (with Kathryn Edwards)

AI doomsdayers want us to believe mass job loss would be unprecedented. But Kathryn Anne Edwards has a sharp reminder: In the first five weeks of the pandemic, the U.S. economy shed 22.5 million jobs—...

16 Kesä 38min

The Policy Choices That Suppressed American Wages (with Josh Bivens and Larry Mishel)

The Policy Choices That Suppressed American Wages (with Josh Bivens and Larry Mishel)

Why have wages for working Americans stagnated for decades—even as productivity, corporate profits, and the wealth of the people at the top continued to rise? The mainstream explanations are familiar...

9 Kesä 38min

Market Humanism: A New Operating System for the Economy (with Nick Hanauer)

Market Humanism: A New Operating System for the Economy (with Nick Hanauer)

For the first time in Pitchfork Economics history, Nick Hanauer is on the other side of the mic. Goldy and Paul sit down with Nick to discuss Market Humanism: the emerging economic paradigm he and Er...

2 Kesä 56min

What Comes After Neoliberalism? (with Nick Hanauer & Eric Beinhocker)

What Comes After Neoliberalism? (with Nick Hanauer & Eric Beinhocker)

This week, we’re sharing a special episode from Washington Monthly featuring Pitchfork Economics co-host Nick Hanauer and Oxford professor Eric Beinhocker in conversation with Anne Kim about Market Hu...

26 Touko 31min

 The Worker Power Missing From the Abundance Debate (with Kate Andrias and Alexander Hertel-Fernandez)

The Worker Power Missing From the Abundance Debate (with Kate Andrias and Alexander Hertel-Fernandez)

Everyone wants more housing, more clean energy, more transit, more care infrastructure, and more of the things people need to live good lives. But too much of the “abundance” debate treats workers, un...

19 Touko 34min

How the AI Oligarchy Went Hyperscale (with Tim Murphy)

How the AI Oligarchy Went Hyperscale (with Tim Murphy)

The AI “cloud” sounds weightless. But behind every chat bot, every prompt, and every promise of a coming AI revolution is a massive physical footprint: hyperscale data centers consuming enormous amoun...

12 Touko 38min

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