Profits without prosperity.

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Industrial Policy in the 21st Century (2020, background): “Financial-ization has been particularly strong among the advanced economies of the Anglo-Saxon variety of capitalism (Andreoni et al., 2019c; Lazonick, 2014; Lazonick and O’Sullivan, 2000).”
A capability theory of the firm: an economics and (Strategic) management perspective (2019, background): “In the 1980s, the largest corporations began allocating a large share of their income to dividends and stock repurchases (Lazonick, 2014).”
The Real Effects of Share Repurchases (2016, unknown): “…long-term prospects.1 Repurchases have also been cited as a possible explanation for why the increase in corporate profitability following the recent financial crisis has not led to growth in employment, and overall economic prosperity (Lazonick, 2014).2 Is there any ground for these claims?”
Neoliberal ideology in work and organizational psychology (2018, background): “As the free market focuses on competition among organizations, shareholder value and profit maximization (Lazonick, 2014; Porter & Kramer, 2011), a distinction is created between the winners and the losers in the free market.”