Sunday, August 14, 2022

American Mythology

Here is an anti-US diatribe by Larry Romanoff:

https://www.unz.com/lromanoff/creativity-entrepreneurship-and-other-american-myths/

While he makes some interesting points, he leaves out two important factors:

  1. There never has been a "level playing field". Labor costs are SIGNIFICANTLY different in other parts of the world.
  2. Many of these corporations were weakened and ultimately failed because their board members and executives looted them to enrich themselves.

Good try, Larry.

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