2 ms·
> How can we fix American industry? Well first off, I think we need to implement basic accountability. American industries routinely fail in the long-term beca
by const_cast 1y ago
> How can we fix American industry?
Well first off, I think we need to implement basic accountability. American industries routinely fail in the long-term because they're allowed to. They know they're basically invincible and can absolutely run their companies into the ground and leadership will fly away with too much money than what they know to do with.
The American school of business is make short-term decisions now, over and over again, forever, until you eventually blow up. This is how basically every company is run. It's an almost debt-driven mindset. It's a greedy algorithm. Take on any amount of loan now, and say "fuck it" when it comes to interest. When the chicken comes home to roost, who cares, you can leave.
That's why American industries will be competitive for a couple decades and then quickly be so far behind it seems it's impossible for them to catch up. They get a tiny little taste of market success, and they immediately stop investing into their future and start cashing in right now. We're even seeing this with Tesla.