San Francisco Public Library

Dismantling the American dream, how multinational corporations undermine American prosperity, Michael Collins

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Dismantling the American dream

bibliography

1330407671

Michael Collins

how multinational corporations undermine American prosperity

"This book is based on a promise made by multinationals in 2018 when 181 CEOs signed a commitment letter to lead their companies not just for the benefit of their investors, but for the benefit of all stakeholders: customers, employees, suppliers, communities, and shareholders. During the last 40 years, the American dream has been dismantled by the policies and decisions of the multinational corporations (MNCs). Instead of benefitting all stake holders, they chose to favor their shareholders over all stake holders and short-term profits over society and country. To begin this process of change to achieve these new commitments, they must first understand what corporations did wrong since 1980 that didn't benefit the other stakeholders. This book will provide managers a detailed summary of the problems and obstacles they will need to address and overcome if they are going to make good on their commitment to meet the needs of all stakeholders, including employees, suppliers, communities, and an economy that serves all Americans. It also offers many solutions that will help them improve their job performance"--, Amazon

Introduction -- Outsourcing by multinational corporations -- A surge in inequality -- The myth of free trade -- Innovation and the loss of technology -- The slow erosion of American manufacturing industries -- Financialization and the shareholder revolution -- The treat of Wall Street -- The problems of tax reduction -- Buying government with lobbying money -- The rise of monopolies and oligopolies -- The jobs are there. Where is the training? -- The postindustrial service economy -- The treat of China -- Decline of productivity and GDP growth -- The truth about currency manipulation and a strong dollar -- We must save America's manufacturing sector -- Hope is not a plan -- Solutions