And the reason the stranglehold died was that the strangulation victim finally died. The parasite killed off its host. But the real enemy, government, is no ghost. It's union rules, workplace regulations, taxes, and the sheer burden of paperwork that are chasing companies overseas.
Speaking of unions. I used to think that way but now I see other problems besides unions and regulations, like Mexico style political corruption and corporatism that will teardown the USA.
It would be damn nice to be one of those big business $50 mil a year multi-national CEOs. Most were picked out of a crony litter as CEO managers, instead of actually building business with risk and capital. Most don’t know the meaning of entrepreneurship or risk reward (or patriotism)either. They get a big reward even when they fail while they screw the USA and their workers. The guy from Yahoo was just fired after 11 months and walked away with $70M. This is not an exception. They are stripping huge amounts of capital from our economy, while doing little to deserve it such as increasing USA production.
They were fired up about private sector unions while they get their own labor contracts that guarantee them millions for incompetence and make them essentially fireproof. They should be “at will” employees instead of having contracts that guarantee them millions from shareholders as a payoff.
The rank and file may have their unions like the UAW, while these CEOs have a Business Roundtable club doing their negotiating. Same principal except they run the show and have no real accountability and they get paid for failure.
As a shareholder I’m not convinced that any of them are worth what they get by a factor of at least 10, maybe 100. Most would sell out the USA in a heart beat, as their only concept of patriotism is that it is for the little people who put on a uniform.
While many regulations are a real problem for business an even bigger problem is about the lack of trust of government and failure to enforce legitimate regulations like borders and false advertising because of political corruption and cronyism. I’m becoming more cynical by the month.