Pluralistic: Stock swindles (02 Feb 2026) – Pluralistic: Daily links from Cory Doctorow
The text discusses the complexities of stock buybacks and their implications for the financial system, likening them to forms of swindling that can distort market perceptions. It highlights how these buybacks, while legal, can mislead investors by artificially inflating stock prices without reflecting the true value of a company. The author argues that such practices contribute to a broader sense of distrust in financial institutions, making people more susceptible to populist leaders who promise to "rig" the system in their favor. This dynamic underscores the importance of understanding finance in the context of societal and political movements, particularly those that exploit economic grievances.
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