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Stock impact report

Tepper: American Corporations Are Winning Their War On Capitalism [zero hedge]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: zero hedge
Authored by Jonathan Tepper via Bloomberg.com,(This is the second of two excerpts from “ The Myth of Capitalism: Monopolies and the Death of Competition.” Read part one here.) When tech giants stamp out startups, they smother productivity. America is supposed to be a land of economic dynamism filled with disruptive companies, but the reality is very different.Everyone knows the inspiring stories of companies starting in garages in Silicon Valley from Hewlett Packard to Google. The popular press focuses on big success stories we all know: Dropbox, Airbnb, Tinder, Nest, Fitbit and so on.However, the overall numbers tell a different story. Recent research shows that the rate of new business formation in the U.S. has slowed dramatically since the late 1970s. In fact, we have seen more firm exits than entries in the past few years.In a growing economy, new businesses start every day, and older businesses fail and die. Restaurants like Chipotle open, while older ones like Chevys Fresh Mex g Show less Read more
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