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The wrong coronavirus stimulus: We don’t need more unbridled aid to corporations

The wrong coronavirus stimulus: We don’t need more unbridled aid to corporations 1

Of course, like any good lender, we need to put on conditions: no dividends or share buybacks until adequate cash reserves are built up; better treatment of workers, with paid sick leave and fully funded retirement programs, so that in the case of a future bankruptcy workers are not left bereft; better governance, with the interests of other stakeholders, not just shareholders, taken into account (as the Business Roundtable advocated when it called for going beyond shareholder capitalism); and better treatment of the environment.

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