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TorgoX (1933)


"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Wednesday May 08, 2002
11:15 PM

"sweating assets"

[ #4780 ]
Dear Log,

«Yet in reality the US is no more productive than many European economies. [...] The reason for this is that corporate America now no longer principally seeks to create value by building businesses over time through marshalling human capital, investment and innovation. Instead it tries to extract value by financial engineering and sweating assets in an increasingly feral form of capitalism.»

--"What Europe can teach Uncle Sam"

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