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Politics : Formerly About Advanced Micro Devices
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To: michael97123 who wrote (451796)1/28/2009 9:53:56 AM
From: combjelly  Read Replies (1) of 1575154
 
"Nixon blew it in the 70s when he announced we are all keynsians."

It wouldn't have made much difference. There was a structural problem, middle management. American corporations had grown top heavy and lost flexibility. Now, there was a very good reason why they did that, internal communication and control was a manual process fueled by paper. But, computers were getting cheaper and, sooner or later, they were going to change the way business was done on a fundamental level. So even if Nixon had done everything right and OPEC never had their embargo, we would have hit the wall.
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