Abstract
Like previous economic systems, the capitalist system may be exposed to built-in mechanisms leading to its demise. One serious candidate to ruin capitalism is the practice of companies repurchasing their own shares. In this paper we extend the famous Warren Buffet analogy on CEO Fred Futile to show how unconstrained share buybacks could cause the demise of capitalism.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
