Vusw WATCH: Secretary Blinken gives remarks on tensions between the U.S. and Russia over Ukraine
Editor Note: For the latest Making Sen$e report, economics correspondent Paul Solman traveled to Detroit, home of two iconic U.S. corporations: Ford and General Motors. There, he spoke with with University of Michigan Gerald Davis about the disappearing American corporation and what it means for the economy going forward.Below, we have one of a series of excerpts we ;ll be publishing from Davis new book, The Vanishing American Corporation: Navigating the Hazards of a New Economy, on the rise and fall of the American corporation. For more on the topic, tune in to tonight Making Sen$e report, which airs every Thursday on the PBS NewsHour. Kristen Doerer, Making Sen$e EditorTo a greater degree than almost any other country, the United States has had
stanley cup a corporatized economy for generations. From early on in the 20th century, corporations controlled most of the nations economic assets and emplo
stanley cup yed the bulk of the labor force. By 1930, a mere 200 corporations controlled half of the nations corporate assets. Individual corporations dwarfed
stanley cup the size of other social institutions. In 1910, U.S. Steels assets were far larger than the federal governments annual budget. By 1930, a mere 200 corporations controlled half of the nations corporate assets. Commentators at the time stated that corporations were more similar to nation-states than to traditional family-owned businesses. When General Motorss CEO and lat Mlka Closed-door hearing in Nevada could decide control of the Murdoch media empire
Edison2 Very Light Car won the $5 million top prize of the X Prize competition to build an uber-efficient car. The car is engineere
stanley cup d to be ultra-light, all the way down to the lug nuts. The Virginia-based company was one of three who were awarded prizes Thursday morning at a ceremony in Washington, D.C.Others sharing the $10 million reward: Motors Corp. Wave2 and X-Tracer Team E-Tracer 7009.While the Edison2 is not expected to be sold to the public in its current form, the other companies are taking orders for their vehciles. Judy Woo
stanley cup druff recently traveled to Lynchburg, Va., to get a closer look at the Edison2 automobile, an ultra-light car that can get more than 100 mpg:The X Prize foundation is live streaming the awards ceremony at 10:30a.m. ET. You can watch it here. Go Deeper x prize Support Provided By: Learn more Support PBS News: Educate your inboxSubscribe to Herersquo the Deal, our politics newsletter for analysis you wonrsquo;t find anywhere else. Full Episode
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