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I’m sympathetic to the current anger at stock buybacks, but not 100% on board with it because of one caveat: it seems to me is •possible• to use buybacks ways that help ameliorate the pressure for infinite growth.

I’m very interested in systems that just let a product go on being as good as it’s always been, making that sustainable. The pressure for growth is the enemy of that. If shareholders can only make money by either (1) making it grow even more or (2) stripping it for parts, well….

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