Companies spent over $1 trillion on stock buybacks last year. Here's why that's terrible for our economy and for you. You’ve heard the term stock buybacks everywhere this year. In the airline and railroad industry, the oil and gas industry, in entertainment, and in food. But what you haven't heard is whether it''s good or bad -- and why. #business #businessnews #stockmarket #explained #warrenbuffett ----- More Perfect Union is a new nonprofit media org with a mission to empower working people. Learn more here: http://perfectunion.us/ Follow us on Twitter: https://twitter.com/MorePerfectUS Instagram: https://www.instagram.com/perfectunion/ Facebook: https://www.facebook.com/MorePerfUnion