Category: Corporates

Making Things or Clipping Coupons – Which Adds Value?

This entry is part 6 of 7 in the series GDP Illusion

Despite ranking as, size-for-size, the world’s most productive nation, virtually the only productive activity taking place in Bermuda is the production of cocktails in beach bars and the provision of other high-end tourist services.

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The World Produces – US, EU, Japan Eat

This entry is part 5 of 7 in the series GDP Illusion

despite its claim to be a measure of “product,” GDP and trade data measure the results of transactions in the marketplace. Yet nothing is produced in markets, the world of the exchange of money and titles of ownership; production takes place elsewhere, behind high walls, on private property, in production processes.

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“Extract Product from Low Wage Workers” – Morgan Stanley Economist

This entry is part 4 of 7 in the series GDP Illusion

In all of our three archetypical global commodities, gross profits, i.e., the difference between their cost of production and their retail price, are far in excess of 50 percent, flattering not only northern firms’ profits but also their nations’ GDPs.

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iPhone, T-Shirts : Sweated Labour makes US, Germany rich

This entry is part 3 of 7 in the series GDP Illusion

The Bangladeshi factory makes 125,000 shirts per day, of which half are sold to H&M, and the rest to other western retailers. Workers at the factory, 85 percent of whom are women, earn just €1.36 per day for a 10–12 hour shift.

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iPhone, iPod – Apple stealing from China

This entry is part 2 of 7 in the series GDP Illusion

12,250 Chinese production workers received $1,540 per annum, or $30 per week—just 6 percent of the average wages of U.S. workers in retail, 3.2 percent of the wages of U.S. production workers, and 1.8 percent of the salaries of U.S. professional workers

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Who makes the iPhone – Apple or Chinese Workers?

This entry is part 1 of 7 in the series GDP Illusion

What contribution do the 300,000 workers employed by Foxconn International in Shenzhen, China who assemble Dell’s laptops and Apple’s iPhones—and the tens of millions of other workers in low-wage countries around the world who produce cheap intermediate inputs and consumer goods for western markets—make to the profits of Dell, Apple, and other leading western firms?

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Learn from Lenin : Corporates and Finance Capital

“Since monopoly prices are established, even temporarily, the motive cause of technical and, consequently, of all other progress disappears to a certain extent and, further, the economic possibility arises of deliberately retarding technical progress.”

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Illegal layoffs by Lycatech and Plintron Global Technology

We call upon Lycatech employees to resist any pressure from management to obtain resignations illegally. Please contact NDLF IT Employees Wing for union and legal action.

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Corporate India Brought Modi to Power and Regrets Now

  • The big, rich guy’s biggest fear isn’t bankruptcy, but the police. As we noted earlier, none of them has been raided or prosecuted criminally yet. But, first Vijay Mallya and then the Nirav Modi-Mehul Choksi duo have given corporate India a foretaste of criminalisation of economic offences.

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Dhoni – Not a Cricketer, a Corrupt Corporate Stooge!

In CSK perspective, match fixing is done for making team to lose. If Dhoni don’t know that 3 of his players and his team management involved in illegal activities, then how can he be the captain?

 

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Detroit shows the future of Chennai?

Detroit was once the car manufacturing capital of the world. Now it has gone bankrupt. Corporates run with their investment to a place giving higher profits and desert the place once that attraction is over. What about the future of Chennai which is called Detroit of India as it attracted major car makers? What about …

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False Complaints against Employees – Warning to HR

Foul play by Bouncers is being followed with dirty third rate false complaints. Are false rape/false Molestation cases the new strategy to bring glory and profit to balance sheet of Indian IT MNCs?

 

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Gautam Adani and Modi’s Gujarat – Corruption, Money Laundering, Pollution – Video

While attempting to film and gather information about Adani’s operations, the Four Corners team had their cameras shut down, their footage deleted and were questioned for hours by police. The team were left in no doubt that their investigations into the Indian company triggered the police action.

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MNC Harasses Employee and Terminates Service Illegally

Ram continued to work in production, not understanding what is wrong with his work. The PIP months have been stressful. He was told that he would be retained if he performs better.

 

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“Let Nirav Modis and Mallyas Manage Banks”

The problem is not the ownership structure of the banks. It is the private corporate control of economy. Corruption and scams are in the DNA of capitalism.

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