Can America compete?
harvardmagazine.com
harvardmagazine.com
I would posit that rethinking manufacturing (entrepreneurially) to take advantage of our skilled workforce and superior design capabilities would be the way to go.
One suggestion did make sense: reduce the influence of stock based incentives. Even more importantly, get away from decisions being driven by quarterly reports.
In the vast majority of cases, the "perceived" cost advantage is real, and very significant.
http://en.wikipedia.org/wiki/Cost_of_War http://www.infoplease.com/ipa/A0933935.html
Fix the tax code so that the rich pay taxes commensurate with the rest of us, so that corporations cant shift earnings offshore, so that resource extraction companies dont get depletion allowance, so that excessive earnings get put to productive use, on and on. Then we will have money to pay down our debt and to move forward.
How do you define "excessive earnings" or windfalls or other such garbage? Many businesses are cyclical, like venture capital and energy. If you tax away the profitable part of the cycle, they will shut down and tax revenue actually falls.
I had better stop talking or I will end up waving my cane and shouting about the Laffer curve.
The primary observation now is large corporations channeling their reserves and holding them in various locations that is friendly to capital - i.e. no taxes or other costs in simply holding large amounts of cash in reserve.
I think at this stage of global economic development, it is an issue the world has to face. How in the world are you going to incentivise these entities holding all these vast amounts of capital to put this capital to real wealth generating activities instead of sitting on it or leaving it to the financial sector to push it around?
Will the answer to this headline be 'no?'It applies, if at all, to articles where the question mark is added because the author is trying to strengthen a weak article. For instance, if researchers discovered a new drug that helps with HIV, by writing the headline as "Has a cure for HIV been found?" it makes the article sound like it is reporting on a stronger result.
In this case, the article is about a group of people that are actually trying to answer the question "Can America Compete?". The title is appropriate.
Next.