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Home / Finance / Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar (2/6) 2019

Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar (2/6) 2019



On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

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