4 ms·
The article's title is "Business in America". They do mention the retreat of foreign firms from the American market, and suggest this is partly due to American
by bainsfather 11y ago
The article's title is "Business in America". They do mention the retreat of foreign firms from the American market, and suggest this is partly due to American firms getting favourable advantages from their government, plus large incumbents being generally favoured.
Regarding your comment on capital - nothing stops foreign capital buying shares in American firms, indeed monopolies or businesses with large moats are very attractive to investors - but the article is not about who owns the firms.
- golergka 11y agoI think that "Business in America" is a invalid concept altogether; there are just some companies that happen to pay taxes in america and are small enough so that they haven't expanded in other regions yet. But all the markets that these companies operate on — labour markets, capital markets, produced goods markets, resource markets — are global ones. It's like that Sargasso sea: it's not really a separate body of water, it's just a part of Atlantic ocean that was named differently because of very small degree of separation.
- alanwatts 11y ago>"Business in America" is a invalid concept altogether; Agreed. If we want to have an efficient global market, we need to quit thinking in terms of the arbitrarily narrow scope of nationalism. Most people in the US have yet to realize the irony of a sovereign nation's tax payers bailing out super-sovereign multinational banks who hoard their money in foreign tax havens like the British Cayman Islands.