Michael Hudson Quotes About Technology

Quotes about: Technology

• The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a lot of their income for stock buybacks and to pay out higher dividends, not make new investment,. So to the extent that companies use financial engineering rather than industrial engineering to increase the price of their stock you're going to have a bubble. But it's not considered a bubble, because the government is behind it, and it hasn't burst yet.

  Michael Hudson

  Technology, Government, Engineering

  Source: www.counterpunch.org

• That's why Apple, Microsoft and the big information technology companies have kept so much money registered abroad (although in US dollar accounts with a nominal foreign address's owner). They pretend to make their global income in Ireland. They have an office, which could be simply a postal drop box in Ireland, and claim to make all their money there, not in America.

  Michael Hudson

  Technology, Apples, America

  Source: www.counterpunch.org

• If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's political revolution.

  Michael Hudson

  Technology, Political, Revolution

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