On June 3, 2023, William Lazonick was Ralph Nader’s guest for his weekly talk show broadcast on the Pacifica Radio Network to talk about buybacks as “License to Loot.” Click HERE for the podcast to listen to this interview.
FEATURED NEWS & ARTICLES
Losing Out in Critical Technologies: Cisco Systems and Financialization
by Marie Carpenter and William Lazonick Once the global leader in telecommunication systems and the Internet, over the past two decades the United States has fallen behind global competitors, and in particular China, in mobile- communication infrastructure—specifically 5G and Internet…
Sick with “Shareholder Value”: US Pharma’s Financialized Business Model During the Pandemic
by William Lazonick and Öner Tulum On August 16, 2022, Congress passed the Inflation Reduction Act, which, among other things, enables Medicare to negotiate the prices of certain high-cost prescription drugs, beginning in 2026.[1] Even though it is just one…
From Financialisation to Innovation in UK Big Pharma
AstraZeneca and GlaxoSmithKline by Öner Tulum, Antonio Andreoni and William Lazonick The tension between innovation and financialisation is central to the business corporation. Innovation entails a ‘retain-and-reinvest’ allocation regime that can form a foundation for stable and equitable economic growth….
International workshop series on the German system of co-determination organized by WZB, theAIRnet, and IGZA
Together with the Berlin Social Science Center (Wissenschaftszentrum Berlin für Sozialforschung-WZB), the Academic-Industry Research Network (theAIRnet), and the Institute for the History and Future of Work (Institut für die Geschichte und Zukunft der Arbeit-IGZA) organized the German-American workshop series “The…
Boeing’s Deadly Design | American Greed
William Lazonick interview on “Boeing’s Deadly Design,” an episode of American Greed aired by CNBC on January 26, 2022. [Click HERE to read more]
Stock Buybacks Stand in the Way of Biden’s Infrastructure Plan
Hedge fund managers are pushing American firms to play Wall Street games instead of investing in technologies of the future. China doesn’t have that problem.
INET-AIR COVID VACCINE PROJECT
Mass-Producing COVID-19 Vaccines: Capacity, Scale, and Control In collaboration with the Institute for New Economics Thinking (INET), the AIR research team has embarked on a new research project (INET-AIR COVID VACCINE PROJECT) to study and report on the rollout of…
Meet the “New Koch Brothers” – the Hedge Fund Activists Wrecking America’s Green New Deal
“…Economist Matt Hopkins, who studies business corporations, stresses that as a taxpayer, you are asked to support such companies not only in the form of direct subsidies, but also indirectly through government-supported research. Not to mention all sorts of tax…
Cooperation Networks and Economic Development
Cuba’s High-Tech Potential By Andrés Cárdenas O´Farrill “For most Western audiences, Cuba is a touristic paradise stuck in time and virtually detached from world technology networks by the US embargo – anything but a hub of industrial innovation and high…
