Canadaland

In the past several years, Loblaws, Metro and Empire have spent billions on their own stock - And at a time of food price inflation and grocery workers on strike. Why are they doing it? And why do some economists say stock buybacks should be abolished? Featured in this episode: William Lazonick, professor emeritus of economics at University of MassachusettsJim Stanford, director of the Centre for Future WorkFurther reading:Profits Without Prosperity, William Lazonick, Harvard Business Review“The American disease': Canadian companies pouring cash into stock buybacks as backlash grows abroad, Geoff Zochodne, Financial PostStriking Metro workers say they face challenges affording the very food they sell, Canadian PressHost: Jesse Brown Credits: Cherise Seucharan (Reporter), Jonathan Goldsbie (News Editor), Tristan Capacchione (Audio Editor and Technical Producer), Bruce Thorson (Senior Producer), Annette Ejiofor (Managing Editor), Karyn Pugliese (Editor-in-Chief)Sponsors: Douglas, Canva, Squa