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We need to rethink the government regulations and managerial assumptions that influence our largest businesses. During the ReaganBush years, undiluted free market economics brought disaster. An economic boom based on a consumerled borrowing binge transformed America from the world's largest creditor nation to the world's largest debtor nation with balanceofpayments problems that are still ballooning. Our national debt grew while our biggest firms, which form our industrial base, declined.
Journal of Business Strategy – Emerald Publishing
Published: Mar 1, 1993
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