Chyden Finance: profit from hypocrisy

Two days ago, I reiterated my prediction from 12 June 2009 that corporations will supplant national governments as the seat of power in the near future.

It seems that Zachary Karabell, author of Superfusion: How China and America Became One Economy and Why the World’s Prosperity Depends on It, to be published by Simon & Schuster in October, has been reading this blog.

Recently in Newsweek, Karabell wrote, “[G]lobal companies have rarely been in a stronger position, and if you want to get a sense of where such businesses are heading, look no further than IBM.”

IBM is hardly the only example of global business detaching from the U.S. Other technology and consulting companies such as HP and Accenture are charting similar paths. Firms in other industries have moved away from the U.S. altogether, most notably oil-services company Halliburton. Having been reviled in the U.S. for allegedly overcharging the U.S. military in Iraq, it decamped to Dubai, where no one cares. In fact, there is hardly an industry other than utilities that is not seeing its most significant growth outside the U.S.

This is the new world of global business, one in which the U.S. becomes simply a market among markets, and not even the most interesting one.

But it isn’t as if large numbers of US residents were leaving the USA, right?

Right?

US News & World Report reports on “a larger American phenomenon: a wave of native-born citizens who are going abroad in search of new challenges, opportunities, and more congenial ways of life.”

See?

They are going, but not for reasons related to imperium. They are going for reasons of dominium, because… corporations are supplanting national governments as the seat of power. Migration patterns are increasingly less about politics and increasingly more about finance.

Click on the links above, read the articles, and invest accordingly.

CWE