Re:America Underestimates the Difficulty of Bringing Manufac...
by paganel on Wednesday April 16, 2025 @09:59AM
(#43705669)
More generally, the financialization of the US economy (and of the Western economy more generally speaking) has a big part of the blame in this.
Yes, more evolved financial markets provided easier access capital, but, as it so happens in those types of situations, access to capital and enjoyment of said (liquid/financial) capital became a target in itself, the rest of society didn't matter. In fact, the whole (Western) society was moulded around (liquid/financial) capital, it became its raison d'être.
Re:America Underestimates the Difficulty of Bringing Manufac...
by robertlagrant on Wednesday April 16, 2025 @11:10AM
(#43706520)
If the company doesn't survive, shareholders aren't likely to be that happy.
>Many US business elected to chase short term growth, and short term and higher margins and minimize long term investments.
I would like to add that this was due to the influence of Milton Friedman. He put the emphasis on shareholder returns being the most important, without considering the survival of the company itself.