John Kay, "The Corporation in the 21st Century: Why (Almost) Everything We Are Told about Business Is Wrong" (Yale UP, 2025)
New Books in Economics
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The Decline of Corporate Giants
This chapter examines the downfall of major corporations like General Electric and Boeing, contrasting their former long-term focus with the current trend towards short-term deal-making. It delves into the changing landscape of business to highlight the challenges of sustaining value in a fast-paced economy, questioning modern corporate strategies driven by financial manipulation. The discussion further critiques the evolving concept of ownership and the rise of 'hollow corporations' in the technology sector, emphasizing the need for innovation over mere acquisition.
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