Editor-at-large of The American Prospect, he wrote Business is Booming in which he argues that leading American corporations have found a way to thrive even if the American economy doesn't recover. Meyerson warns, "This is very, very bad news."
Since then, corporations have discovered that they don't need barges in order to unmoor themselves from the American economy. As corporate profits skyrocket, even as the economy remains stalled in a deep recession, Americans confront a grim new reality: Our corporations don't need us anymore. Half their revenues come from abroad. Their products, increasingly, come from abroad as well. . . . continue reading
Caution, you may not want to read Meyerson's article if using an iPad. Recommend this post