SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Clinton's Scandals: Is this corruption the worst ever?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (1869)8/19/1998 12:01:00 PM
From: Zoltan!  Read Replies (1) of 13994
 
You really don't understand business or economics. "Less Thorough" (as he is known) is a political economist and a socialist. And Less has been shown to be completely wrong about the 1980's.

Is was during the 1980's that tax and regulatory changes made the US market a much more free market. It was during that period that the US built the comparative advantage it now has in high tech and consumer industries and it is the model emulated throughout the world today.

The US electronics industry was eviscerated in the 1960's and 1970's when major companies refused to plan for the LT as a result of their myopia and bad government policy (disincentives). Such giants as RCA refused to dump their large investments in old tech such as "tube" plants and let tiny upstarts like Sony market the first transistor radios. RCA instead bought a car rental company and became a defense contractor. RCA was bought in the 1980's by GE who sold the electronics to Thomson (FR). Thomson was/is state-run and has been a large failure.

As for Japan, Less Thorough wanted US to emulate them (state direction) and opposed the Reagan reforms. Japan is in dire crisis today. And Less is Thoroughly discredited.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News