Drawn and Quartered--Destroying American Business, Quarter by Quarter
We are not so much a fault-finding nation as we are a fault-requiring one. Somebody has to take the heat. In the matter of where our manufacturing base has gone and why, I have a nominee.
We are not so much a fault-finding nation as we are a fault-requiring one. Somebody has to take the heat. In the matter of where our manufacturing base has gone and why, I have a nominee.
The Harvard Business School. Not to place all the blame in Cambridge, other business schools are of equal guilt, but they all take their cue from Harvard, the granddaddy of the MBA and a cost-cut leader since 1908.
Which is (and was) OK. Cutting costs is certainly a part of any successful business plan and yet something went awry just this side of the Vietnam War, beginning in the late sixties and early seventies. That ‘something’ was an inordinate concentration on financing business entities from the stock market instead of banks.
No one goes to the bank anymore. They issue stock. It’s painless, there’s no stipulated i…