RECOMMENDED READING
Corporate Actual Responsibility: A Conversation with Senator Josh Hawley
Senator Marco Rubio Delivers the Inaugural Henry Clay Lecture in Political Economy
The Returns Counter (Q1 2020)

Vast sums of money sloshing around the financial sector are enriching shareholders but producing little real-world value, according to a new analysis of business investment from American Compass, a conservative think tank.

The analysis by Oren Cass, a former senior fellow at the Manhattan Institute and a former adviser to Mitt Romney’s 2012 presidential campaign, finds that much of the money that businesses once funneled into productivity-increasing assets — structures, equipment and intellectual property — is now being diverted to shareholders instead.

This pursuit of short-term payouts over long-term investment appears to be depressing economic growth, the report finds, exacerbating inequality and making it harder than ever for American workers and their families to get ahead.

Historically, profitable businesses return some of their excess earnings to shareholders and invest much of the rest back into the company in the form of new machines, new buildings and intellectual property. These so-called capital investments have traditionally been one of the drivers of economic growth.

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Recommended Reading
Corporate Actual Responsibility: A Conversation with Senator Josh Hawley

Senator Josh Hawley talks with American Compass executive director Oren Cass about the empty platitudes and hypocrisy of “woke capital” and why conservatives must work to prioritize the needs of workers and families in their economic policy agenda.

Senator Marco Rubio Delivers the Inaugural Henry Clay Lecture in Political Economy

Sen. Rubio assesses how the flawed bipartisan economic consensus went so tragically wrong and offers a clear-eyed approach to economic policy that can serve the national interest and the common good.

The Returns Counter (Q1 2020)

Archive of Returns Counter data as of Q1 2021