• The Pursuit of Shareholder Value: Cisco’s Transformation from Innovation to Financialization

    quite possibly the best discussion i’ve seen of how (and really why) cisco eschewed technical innovation in favor of financial engineering. outlines all the notable disinvestments in differentiating technologies and acquisitions with the financial elements.

    if america wants to look at why it’s not a leader in many domains, perhaps a cold look at what the impacts of the financialization of nearly everything yields.