As the Biden administration is cajoling congress to provide funds to build America back better as reflected in the CHIPS act, you would think corporate titans will wise up and reinvest in America. Instead, they’re leaving the government alone to combat China’s potential dominance in critical manufactures. All the obscene sums used to buy…
As the Biden administration is cajoling congress to provide funds to build America back better as reflected in the CHIPS act, you would think corporate titans will wise up and reinvest in America. Instead, they’re leaving the government alone to combat China’s potential dominance in critical manufactures. All the obscene sums used to buy back stocks can more than surpass investments in semi conductors, biotech and clean energy, not to think of swanky modern bullet trains.
Oh, but I forget: these conglomerates have little allegiance to particular countries. For them, the world is the market and home is where the profits are!
As the Biden administration is cajoling congress to provide funds to build America back better as reflected in the CHIPS act, you would think corporate titans will wise up and reinvest in America. Instead, they’re leaving the government alone to combat China’s potential dominance in critical manufactures. All the obscene sums used to buy back stocks can more than surpass investments in semi conductors, biotech and clean energy, not to think of swanky modern bullet trains.
Oh, but I forget: these conglomerates have little allegiance to particular countries. For them, the world is the market and home is where the profits are!