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The Financial Times reports that U.S. corporations are flush with cash and plan to use it to…..engage in stock buybacks. “From an economy-wide perspective,” frets Matt Yglesias, “a general perception among firms that increased buybacks are the way to go is a sign of a world in which the people running successful businesses don’t see profitable investment opportunities.”

Yep. And the same was largely true during credit bubble of the aughts. It’s one of our economy’s most fundamental problems: increasingly, investors simply don’t believe that there are great opportunities to invest in the real world. So instead they invest in the shiny, bubbly financial world. This is, needless to say, not a good thing. In the long run, it’s only investment in the real world that provides sustainable growth and prosperity, and it’s only rising income and consumption among the broad middle class that makes the real world an attractive investment opportunity in the first place. Our ruling classes need to figure this out pronto.

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Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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