Saturday, July 4, 2015

What Went Wrong with the American Economy?

An American David in a Land of Goliaths
Companies on the list had revenue equivalent to 72% of the U.S. GDP. Is big business more important than ever? Fortune’s Leigh Gallagher, Alan Murray and Brian O’Keefe discuss.
-Source: NY Times

8 comments:

Always On Watch said...

Damn! Look at that last graph! **frown**

Joe Conservative said...

profits up, raxes down, labour expenses down, miniscule dividends. Where's the $ gone?

Joe Conservative said...

Can you spell C-H-I-N-A?

Joe Conservative said...

International corporations are NOT an American's friend.

Always On Watch said...

Yes, I can spell that word.

The Absolute Marxist said...

Notice the year of "peak" employee compensation (~1970). What happened in that year (or slightly before_ to initiate the decline? Something changed.

Always On Watch said...

Joe,
China!

Joe Conservative said...

Just like in America, after real estate (ghost cities/ remember OUR bubble-pop in 2007-8?), the Chinese "workers" only real "investment opportunity" appears to be corporate stock... despite the fact that these stocks pay little to nothing in "Dividends". So why don't the Chinese worlers invest in their own entrepeneurial "start-up" businesses themselves? Because independent "petit bourgeois" business owners are ANATHEMA to the Chinese Communist Government. They will allow "certain" capitalist enterprises to succeed... those which THEY directly (or indirectly through the PLA) control.