To: A. Pole
Over the decade of 1920s, about 1,200 mergers swalled up more than 6,000 previously independent companies; by 1929, only 200 corporations controled over half of all American industry. The key is the constant wellspring of renewal of small companies starting up with better, displacing, technolology that moves aside the overly mature companies in which lobbying and political clout has replaced entrepreneurship. People should go back and read George Gilder's Wealth and Poverty the way Reagan did.
101 posted on
08/19/2005 10:43:16 AM PDT by
AmericanVictory
(Should we be more like them, or they like us?)
To: AmericanVictory; A. Pole
Why 1/3 of Americans think we're in recession when the economy is booming. Because uncertainty and insecurity is not prosperity.
Whose career will be outsourced next?
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