corporatism

The Ugly Face of Shareholder Value Exposed By Inversions

Something strange is happening to familiar American companies:  Burger King has become Canadian, Pfizer seems to be trying to be British, and Walgreens has backed away from becoming Swiss only because of the outcry over their plan for a new nationality.  Seeing what our companies are willing to do to escape paying income tax, people are beginning to wonder about how American our American companies are.

 

Obama Comes Bearing Gifts, But They Ain't No Fruitcake

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President Obama gave a speech today to the U.S. Chamber of Commerce, a conciliatory message, why he even offered up a symbolic fruit cake. But the gifts Obama is bearing ain't no house warmers, they are more offshore outsourcing, bad trade deals, corporate tax reduction wish lists and key multinational corporate players in the White House.

Would the U.S. Chamber of Commerce suddenly wake up and consider being interested in the nation that bears their name? Not from history. Remember when the U.S. Chamber of Commerce demanded Stimulus funds not be used to hire Americans or buy American? Or how foreign companies and nations are trying to buy our elections through them? Their list of egregious horrors against the American workforce is as long as their forked tongues.
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Imagine this was 1904 and Teddy Roosevelt was in Office. There is no doubt instead of promising more bad trade deals and to rewrite the corporate tax code per lobbyists' demands, we would see some sort of requirement these companies hire Americans and contribute to America. Unfortunately, this is not 1904 it's 2011 and Obama sir, is no Teddy Roosevelt.

Friday Movie Night - Commanding From Wuthering Heights

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This week we have a corporate biased, but very well done, PBS documentary Commanding Heights.   

Contained within this video are the Russian and 1997 Asian Financial Crisis, the Great Depression and Globalization. Also is the admittance that the interactions and dependencies of global markets, financial markets is not well understood.