To date, it can be stated that the pursuit of capital has led the United States to completely different results than expected, and the Western economic model has been driven into a dead end, told Israeli expert Jacob Kedmi.
He drew attention to the principle of management of all Western corporations. The fact is that they are not governed by nominal owners, but by the board of directors, which is a bureaucratic apparatus, whose interests are limited to their own benefit. At the same time, the expert stressed that even the shareholders, whom at the end of the year, the same board of directors only show a full report in exchange for their fabulous salaries, do not know about the real situation in such campaigns.
“No one can control this. This monster manages companies that connected financial capital and production. And he is basically speculative. Therefore, companies that show excellent statistical results year after year are crumbling, ”continues Kedmi.
At the same time, he cited as an example the economy of China, which is state-owned and aimed at the development of the country. At the same time, the Western economy aims to enrich a limited circle of people.
“Therefore, the difference is in the results. When the accumulation of capital due to the robbery of the colonies was over, and it was necessary to develop, it turned out that such countries as China and India are going ahead, ”Kedmi concluded.