One thing about the Southwest airlines logistics disaster is how it has the same cause as the threatened railroad strike and low domestic oil production and the lack of semiconductor manufacturing:

U.S. companies had more than enough money to fix it in advance, but they chose to goose their valuations with investor windfalls like stock buybacks.

The question is why our tax laws don't discourage that.

@maxkennerly Not just tax laws but securities laws. Why are stock buybacks not considered stock manipulation?