[lbo-talk] The Chinese assembly line

Doug Henwood dhenwood at panix.com
Fri Feb 10 12:55:15 PST 2006


Miles Jackson wrote:


>Why are they called "U. S. companies"? Given the data here about
>where the profits are being generated, it seems a little quaint
>and/or naive to associate these huge corps with some specific nation.

Because they're headquartered in the US, their senior execs live in the US, their accounts are kept in dollars, most of their shareholders are US entities, and if they run into trouble, they'll turn to Washington for help.

Doug



More information about the lbo-talk mailing list