¶ Transnational Capitalism & Export of Know-how (1)
← Transnational | Transnational Capitalism & Export of Know-how (2) →
Index Entry
Transnational Capitalism & Export of Know-how:
“There were no building industry exhibits, no manifests of ‘National Association of Real Estate Boards,’ nor of home builders associations, nor building labor unions”… at the UN Habitat Conference in Vancouver.
"Conspicuous by the old banking world’s absence, it became quite clear that the world bankers, confronted with escalating building costs which had passed the point of no return, as well as with exhaustion of the USA’s–and all other major capitalist-system nations’–building mortgage guarantee creditability, had withdrawn all support of real estate exploiters and of obsolete building technology in general.
“The big money of the world… has gone entirely transnational… had found that whereas ‘you can’t take it with you’ into the next world, you also can’t take it with you around the world–ergo, ownership has now become onerous. Big money has left all the sovereignly locked-in, local-property-game players holding the unmovable bags of real estate. Machinery becomes obsolete almost overnight, ergo is unattractive as a continuing property and must be written”
