Mergers and acquisitions = 20% of GDP
"If workers’ wages grow by more than 2 percent, the Bank of Canada clamps down hard. But in business, nobody questions an 'inflation rate' of 100 percent or more in the market for corporate control. What does this say about our economic priorities?"
Jim Stanford, author of a great book called "Paper Boom" a few years ago, takes a look at M&A (mergers and acquisitions) here (taken from hist piece in the Globe & Mail. He notes that M&A acitivity last year in Canada was worth $270 billion while business spent just $170 billion on capital investment. And it is the resource sector which is the driving force behind this trend.
Jim Stanford, author of a great book called "Paper Boom" a few years ago, takes a look at M&A (mergers and acquisitions) here (taken from hist piece in the Globe & Mail. He notes that M&A acitivity last year in Canada was worth $270 billion while business spent just $170 billion on capital investment. And it is the resource sector which is the driving force behind this trend.
posted by Vancouver Parecon @ 9:24 PM
1 Comments:
At 10:40 AM,
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