[Biblebelter]

The subtext here is not an economic one. It is political. Nationalism versus globalism is the issue which trumps mere economics. Any country which has the Declaration of Independence as its founding document must dearly cling to its sovereignity through nationalism. In theory there is something called economic nationalism although I cannot point to anywhere in this country where it is practiced. J.P. Morgan said a long time ago that what is good for General Motors is good for the country. Unfortunately, that is no longer an operative statement because we have very few large corporations which are not multi-nationals. That buffoon Nasser who was CEO of Ford was nearly able to run the company into the ground on just his watch. He stated that he was concerned about changing the "corporate culture." It would have been nice if he had been concerned about making a good product, turning a profit, and therefore responsibly protecting the interests of the stockholders and preserving the jobs of its employees. Corporate America needs to focus on how the strength of their company can serve the purpose of making a stronger nation. In a this ongoing experiment in a democratic form of government, the national interest must be upheld by corporations just as it must be upheld by individual citizens.

[henderson field]

Yes. As they say, "it's not an economy - it's a country."

[henderson field]

PS: Nasser really was a jackass, wasn't he? He was a "tough guy" like "Chainsaw Al." But he was hated by everyone in the company and, in the end, he couldn't show any results.

[GOP_1900AD]

Bump!

[GoLightly]

The subtext here is not an economic one. It is political.

Great point!!! When & why did the US political climate becomes negative to business?

Nationalism versus globalism is the issue which trumps mere economics.

As you pointed out later, most big companies are multi-national. Do you think foreign investors should be excluded from investing in US companies? If not, why should the businesses see a US nationalistic goal as important? If you think investing in the US should only be allowed by Americans, what affect would it have on the companies which are heaviliy invested in by foreigner interests?

In theory there is something called economic nationalism although I cannot point to anywhere in this country where it is practiced.

That's an interesting concept.

J.P. Morgan said a long time ago that what is good for General Motors is good for the country.

But our government says, what's good for the UAW is even better.