We’re lying to ourselves about what we’re putting into our country.
Pilfering our pockets is popular. Real investment is not.
Standard thinking is that since the early 1980s capital spending has been booming and despite cyclical swings real business fixed investment has moved up to record levels…
Yes, that statement is baloney. We’ve abandoned real investment.
IT has accounted for virtually all the growth in real investment since 1980…
The IT share of total capital spending has been steadily increasing and now accounts for 45%.
Virtually all investment in capital goods and productive plant is flat or fallen to ~1%.
Sloppy. Sloppy. Sloppy. Shame. Shame. Shame.
…solid pieces of evidence that Japan’s nuclear industry is a black hole of criminal malfeasance, incompetence, and corruption.
Tokyo Electric Power Company (TEPCO), the monolithic corporation that controls all electric power in Greater Tokyo, and runs the Fukushima Daichii nuclear plant that experienced a triple meltdown following the March 11 earthquake, is on the brink of nationalization according to Japanese government sources.
The official reason is that the firm may not be able to handle the massive compensation payments it owes to victims of the meltdown without going bankrupt. Unofficially, the firm has such long-standing ties to anti-social forces, including the yakuza—that some members of the Diet, Japan’s national legislature, feel the firm is beyond salvation and needs to be taken over and cleaned up.
…in other words, “When a man is has to survive doing something, it’s the nuclear industry; for a woman, it’s the sex industry.”