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A revealing comment on the Boeing crisis

The head of the Emirates Airline has said Boeing is in the “last chance saloon” for dealing with the major problems caused by the domination of finance over its manufacturing process.

United-states , Delaware , Russia , Seattle , Washington , South-carolina , China , Soviet , American , Tim-clark , Elon-musk , Williamo-lazonick

Apple market valuation touches $3 trillion

The total divorce of Apple’s value from the underlying real economy can be seen in the fact that its market capitalization is now bigger than the gross domestic product of most countries.

Australia , Canada , United-kingdom , Williamo-lazonick , Google , Bloomberg , Microsoft , Wall-street , Wall-street-journal , Financial-times , Wall-street-journal-article

Financial parasitism and the decline of US industry

A speech by US President Joe Biden this week was a chronicle of the decline of US industrial capacity as well as economic and social infrastructure.

China , Delaware , United-states , Michigan , Texas , Chinese , America , American , Eric-holder , Matt-hopkins , Carl-levin , Paul-volcker