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The Financial Times reports that U.S. corporations are flush with cash and plan to use it to…..engage in stock buybacks. “From an economy-wide perspective,” frets Matt Yglesias, “a general perception among firms that increased buybacks are the way to go is a sign of a world in which the people running successful businesses don’t see profitable investment opportunities.”

Yep. And the same was largely true during credit bubble of the aughts. It’s one of our economy’s most fundamental problems: increasingly, investors simply don’t believe that there are great opportunities to invest in the real world. So instead they invest in the shiny, bubbly financial world. This is, needless to say, not a good thing. In the long run, it’s only investment in the real world that provides sustainable growth and prosperity, and it’s only rising income and consumption among the broad middle class that makes the real world an attractive investment opportunity in the first place. Our ruling classes need to figure this out pronto.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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