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
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8 comments:

  1. Always On WatchJuly 4, 2015 at 7:06 AM

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

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  2. Joe ConservativeJuly 4, 2015 at 8:16 AM

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

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  3. Joe ConservativeJuly 4, 2015 at 8:17 AM

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

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  4. Joe ConservativeJuly 4, 2015 at 8:18 AM

    International corporations are NOT an American's friend.

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  5. Always On WatchJuly 4, 2015 at 8:19 AM

    Yes, I can spell that word.

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  6. The Absolute MarxistJuly 4, 2015 at 9:06 AM

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

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  7. Always On WatchJuly 4, 2015 at 3:09 PM

    Joe,
    China!

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  8. Joe ConservativeJuly 5, 2015 at 11:00 AM

    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.

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