If imperialism once played itself out across racial and geographical lines, it is now a global economic system which affects us all, albeit in different ways by exploiting labour, expropriating and privatising resources, concentrating profits and institutionalising inequality.
This succession of disasters is now undermining the very stability of our society, a society that was based on a dynamic array of small enterprises capable of producing excellent handmade products — a society that distributed wealth, instead of merely concentrating profits in the hands of a greedy few.
Presidential candidate Barack Obama today released a statement in support of the writers, saying "The Guild's demand is a test of whether corporate media corporations are going to give writers a fair share of the wealth their work creates or continue concentrating profits in the hands of their executives.
Grumpy shareholders are also exerting a downward push on pay as banks are forced to concentrate on profit rather than revenue.Senior executives at most leading investment banks will agree privately that in the boom years they had their eyes mainly on revenue targets rather than profits or returns on equity.
"At some point, all three companies have to concentrate on profit not volume," says Jim Schroer, Chrysler's head of sales.The problem for Detroit is that, despite all these blandishments to consumers (which effectively amount to deep price cuts), its foreign rivals continue to increase their market share.
Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore.
But none did.Cheap and liquid financing has enabled companies to make more efficient use of their balance sheets, potentially boosting returns to shareholders and allowing managers to concentrate on profits and cashflow.
As The Times's David Kocieniewski reported, "Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore".
The company's chief financial officer told Bloomberg Television on Thursday that Nokia would continue to concentrate on profits and cash flow rather than trying to drive market share higher for its own sake, the company's chief financial officer told Bloomberg Television on Thursday.
Zook writes that another factor to consider in analyzing growth initiatives is whether new lines of business are concentrated in profit pools areas in the industry that generate the highest profits.
