from Encirclement:

1. 79:37 – 79:42
   Does it makes sense to say
   that GM, for example, is efficient
2. 79:43 – 79:49
   because it made $23- or 24-billion
   net profit in the last decade,
3. 79:50 – 79:53
   when it created 300,000 unemployed!
4. 79:54 – 79:56
   Does that make sense?
5. 79:56 – 79:59
   We say GM is efficient,
   but what is this efficiency?

Continue reading →