2 ms·
Obviously cause the largest chunk of profits from manufacturing doesn't go back into the factory or r&d, but into dividends/exec bonuses/stock buybacks/moved ov
by qp11 3y ago
Obviously cause the largest chunk of profits from manufacturing doesn't go back into the factory or r&d, but into dividends/exec bonuses/stock buybacks/moved overseas to avoid taxes and other financial engineering.
So in GDP you can see clearly Finance sector growing while Manufacturing shrinks. Parasitic relationship. No one seems to be able to comes up with tools to invert that dynamic. I thought Big Tech would be the natural source of such tools but they have been over run by financial engineers too.
The other potential counter balancing force is govt getting into manufacturing big time, but Wall St has too much influence there too. They are great experts in getting govt to hand out subsidies and tariffs which they then siphon off.