BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Wednesday, August 10, 2011

RE CHINA AIRCRAFT CARRIER STARTS TRIALS BIG BIG CAPITALISM ON THE MOVE SO TO SPEAK

BBC WORLD NEWS


Moving on to a related topic:

This quote is part of a comment on a blog elsewhere;  This person seems to be making some good points:

"I read the "New Industrial State" in about 1970. My recollection is that its message was that the large corporations were bigger than the market and could control it with marketing and advertising. 

History has not shown this to be true. In 1960, the Fortune 500 were led by General Motors, Exxon Mobil,Ford Motor, General Electric, and US Steel. GM was unable to fend off the Japanese challenge, and eventually declared bankruptcy. US Steel today produces only slightly more steel than it did in 1902...."



Question: Where is our steel produced?


By whom?

No comments:

Post a Comment