The Billionairification of America – democracy is dead in the US
The Billionairification of America The Forbes billionaires list in 2019 numbered 607 in the US. By April 2024, the number had grown by 34% to […]
stock buyback
Conservatives are all about big government
socialism by and for the rich and corporations Conservative ideology calls for as little government as possible and celebrates the miracle of the efficiencies of […]
Intel and Financialization – harvesting money brings loss of focus on products….
Intel is in the news these days because it’s stumbling and Trump efforts to make our government a shareholder. Professor Bill Lazonick spoke about financialization […]
How to end the financialization of corporations
ending the tsunami of money into the hands of the rich As I have noted many times here, the financialization of corporations, that is the […]
Financialization and going off the rails with Norfolk Southern
Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but […]
Elon Musk, $50 billion, and Financialization – from production to extraction
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]
The Implosion of Southwest Airlines and Financialization
Southwest Airlines canceled thousands of flights representing more than 80%of all cancellations during the Christmas 2022 snowstorm. The scale of this service implosion led to […]