Technology Quotes by Michael Hudson

Michael Hudson

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.

Political

Revolution

Technology

Michael Hudson

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.

America

Apples

Technology

Michael Hudson

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.

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Technology Quotes by Michael Hudson

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.

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