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Gary Edwards

How American Corporations Transformed from Producers to Predators - 1 views

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    Bankster hunter and economist Yves Smith has posted a collection of comments from William Lazonick, professor of economics and director of the UMass Center for Industrial Competitiveness. His book, "Sustainable Prosperity in the New Economy? Business Organization and High-Tech Employment in the United States" (Upjohn Institute, 2009) won the 2010 Schumpeter Prize. Lazonick traces the history of US Corporations as they transitioned from their historical reliance on investing in the productive capacity of their employees to, the financial game of increasing their share prices. He class this the "financialization" of Corporate America. And it's been a disaster. The history looks like a very good read, but i really disagree with Lazonick's recommendations. Maybe the title of his book is a dead giveaway of where Lazonick's head is really at. He uses the word "sustainability". A word that has come to represent the tyranny of a new world order: Globalism. This is where the Banksters and Corporatist impose a tyranny of financial control using a mechanism of United Nations "Agenda 21" based socialism. Sustainability is the unifying themes linking the tyranny of UN Agenda 21 to pantheistic socialism and control of globalist Banksters and their Corporate cronies. So his remedies trouble me greatly. And what would i do? End all income tax (and the IRS), and levy an immediate 33% tariff on all imports. Of course, that will be difficult because the Globalist (Banksters, Corporatists, Pantheists and Agenda 21 types) all support open trade policies. Good read though.
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