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financialization

Elon Musk, $50 billion, and Financialization – from production to extraction

January 31, 2024 Mark Orton 0

Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package Is Voided by Judge. The court found that the compensation […]

Financialization and going off the rails with Norfolk Southern

March 6, 2023 Mark Orton 0

Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but is nearly unknown to most of us. Before we get […]

The Implosion of Southwest Airlines and Financialization

December 29, 2022 Mark Orton 0

Southwest Airlines canceled thousands of flights representing more than 80%of all cancellations during the Christmas 2022 snowstorm. The scale of this service implosion led to stories about old software systems for managing passenger bookings and […]

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