Bearfoil
If you read DAS KAPITAL by Karl Marx you will see how the CEOs et al operate. All they do is use this theory for their own agenda. They were all trained in this theory if they went to university here in Europe in the 1970s because it was fashionable. This is a "trade secret" I guess.
The result is always the same: a very small bunch of people live very well off a very insecure big bunch of people. Adam Smith in his THE WEALTH OF NATIONS describes this small greedy bunch as "certain men in a certain condition". A contemporary example is Michael O'Leary of EasyJet.
Adam Smith is the "good guy" and won out in 1989 when communism collapsed.
Make no mistake though, the other stuff is still used. Very successfully too until someone like Isaac Newton comes along and scares 'em. Ahem!
TURBINE D
"The pendulum swings from one side to the other over the past 40 year, maybe?"
http://www.econ.uniurb.it/siepi/dec0...s/lazonick.pdf
That paper was fascinating. I see INSEAD was involved, the MBA finishing school for the muppets who are sitting on the RR board of directors.
There is no question...they have lost control of the company. Isaac Newton is messing with their pendulum. It will cost them many times the £56m they have set aside as a fund to repay Qantas.
Just how much this will cost?