Link of the Day [11.23.08]
This should also be quote of the day, but since I’ve already got a quote of the in the queue, I’ll just let it introduce the link of the day as it does in the link of the day.
In the narrative that has governed American commercial life for the last quarter-century, saving companies from their own mistakes was not supposed to be part of the government’s job description. Economic policymakers in the United States took swaggering pride in the cutthroat but lucrative form of capitalism that was supposedly indigenous to their frontier nation.
Through this uniquely American lens, saving businesses from collapse was the sort of thing that happened on other shores, where sentimental commitments to social welfare trumped sharp-edged competition.
http://www.iht.com/articles/2008/07/20/business/20fail.php
