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Monday, October 24, 2011

RE SMALL ISN'T ALWAYS BEAUTIFUL BERNSTEIN NYT

Popping the perennial American small biz bubble illusion.


He says it's really about 'new' small ones that grow.


That is also mostly an illusion; they get gobbled, or put out of business, by the large ones.


He did mumble something important about manufacturing I believe. This issue explains, in part, why a so called financial crisis, although a big problem,  has not been what is really going on, at a deeper level, with the common welfare here or there.

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