Forget Apple, This Is ‘The Correct $1 Trillion Question’

Apple summited the $1 trillion market cap mountain this week and folks were falling all over themselves to write and read stories about how the company achieved this milestone. That's fine to the extent it gives us an excuse to reflect on one of the most remarkable stories in the history of corporate America, just as long as everyone remembers that nothing "changed", per se, at 11:48 AM, New York time on August 2. ("The Moment", Bloomberg) Any and all stories with "Apple" and "$1 trillion" i

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3 thoughts on “Forget Apple, This Is ‘The Correct $1 Trillion Question’”

What? Paywall??

Hard not to agree with that German guy – Marx, I think his name was – that capitalism contains the seeds of its own destruction. Buybacks on the scale now permitted are visible evidence of American capitalism – and the unequal society it has spawned – consuming itself alive.