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Well stated. The US can learn from Germany though. A mild midcourse correction could help. The US needs to emphasize the value of all stakeholders. With this
by Bertrood 16y ago
Well stated. The US can learn from Germany though. A mild midcourse correction could help.
The US needs to emphasize the value of all stakeholders. With this, the US will have greater growth over the longterm. Its the stable growth economies that grow and prosper over the boom-and-bust economies.
- nickpinkston 16y agoCertainly US system suffers from myopia. Though I'm not sure at what point we stifle the swashbuckling nature that has made us the country of the new in business/tech/research. I err on the side of increased transparency of financial sector, stronger FTC actions against monopolists, IP reform, etc. than on Germany's more activist bent. Ours is more of an economy of the new, and our Anglo-Saxon nature should be embraced by better regulation - not necessarily more.