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Do you have evidence for the idea that US companies had become uncompetitive in the early 80's? I think that the oil crisis and globalisation had very significa
by sgt101 7y ago
Do you have evidence for the idea that US companies had become uncompetitive in the early 80's? I think that the oil crisis and globalisation had very significant effects on the US economy (also the vietnam war) at around that time.
- Spooky23 7y agoThe trend for companies had been to scale up and diversify to avoid antitrust and avoid risk. Big companies are always slower, and that hasn’t changed. We’re as dependent on big business today as ever, perhaps more so. An upwardly mobility seeking suburban family would want their kids working at GE or IBM, versus today where finance and tech are the way. The stagflation of the 70 and early 80s broke a lot of things in big companies, and magnified the impact of smaller competitors. Deregulation in finance, changes that defanged antitrust, and tax changes but the nail in the coffin for the old dinosaur companies.