Monday, July 23, 2012
RE POLITICALLY FRAGMENTED MARKET CAPITALISM
'The world is our oyster', 'when in Rome do as the Romans' (Vernon, Sovereignty). These were the watch words of US executives in the 60s. Don't take my word for it. Vernon,Sovereignty At Bay, knew it well. See his passage, on the US' relative political fragmentation, leading to political weakness, as against its own and others' erstwhile national, but by then (1971) multi national, corporations, p 207, 208.
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