The Great Decoupling

February 8th, 2011at 11:27am Posted by Eli

Very long, very important essay by Harold Meyerson in The American Prospect.  In essence, he argues that our big, powerful corporations no longer need the American economy to be healthy, because their sales and labor bases are now overseas.

So much for trickle-down.  And trickle-up, for that matter.

Entry Filed under: Corruption/Cronyism,Economy,Politics,Unemployment,Wankers


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