ckaihatsu
1st August 2017, 07:00
via socialistproject.ca (http://www.socialistproject.ca[/url)
http://socialistproject.ca/bullet/b1459.jpgThe resignation of General Electric (GE) CEO Jeff Immelt last month is the latest sign of the broad restructuring of political and economic power currently underway in the United States. His departure, and John Flannery’s arrival, reveals a lot about the new phase of financialization that has emerged from the Great Financial Crisis. As financial markets and institutions became a more important part of the economy in recent decades, so too did they take on a larger role within corporations themselves, even ostensibly nonfinancial enterprises.
More... (http://socialistproject.ca/bullet/1459.php)
http://socialistproject.ca/bullet/b1459.jpgThe resignation of General Electric (GE) CEO Jeff Immelt last month is the latest sign of the broad restructuring of political and economic power currently underway in the United States. His departure, and John Flannery’s arrival, reveals a lot about the new phase of financialization that has emerged from the Great Financial Crisis. As financial markets and institutions became a more important part of the economy in recent decades, so too did they take on a larger role within corporations themselves, even ostensibly nonfinancial enterprises.
More... (http://socialistproject.ca/bullet/1459.php)