Krystal and Saagar cover the massive increase in trailer park rents being caused by private equity entering the mobile home market leading to major issues for longtime homeowners
As a 30 year old still renting, these housing segments are always so demoralizing. I appreciate the honest reporting, don’t get me wrong. It’s just seeing the veil pulled back on all the lies I was told growing up. I always thought I’d have a house by now. I thought I’d have kids and a family of my own. These ghouls have made it unaffordable. They stole that from this and future generations and the government just stood by and let it happen. Helping, even, in some cases.
How Buybacks Have Warped the Stock Market & Boeing (w/ Dr. William Lazonick)
Dr. William Lazonick, co-founder and president of The Academic-Industry Research Network, sits down with Real Vision’s Max Wiethe to dissect the evolution of the stock market and the modern American economic system. Citing Boeing as an example, he contends that the stock market is being used to loot previously innovative corporations as insiders and outsiders alike are incentivized to push stock prices higher. He also argues that American competitiveness is being sapped as companies prioritize stock buybacks over investing in research and development, building new infrastructure, and paying off debt. Lazonick explains how this focus on short-term profits has led to unstable employment, sagging productivity growth and a loss of international competitiveness. Filmed on December 6, 2019 in New York.