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The Rise of the Rogue Executive: How Good Companies Go Bad and How to Stop the Destruction by Cynthia J. Smith, Leonard R. Sayles

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Chapter 11. How We Nearly Lost American Capitalism

 

Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon.

 
 --—Winston Churchill

American capitalism has delivered on its promises. American standards of living are, by some measures, the highest in the world. The variety of goods and services readily available and the quickness with which companies adapt to sudden changes in consumer taste is impressive.

Look at cell phones. Motorola is credited with inventing today’s cell phone in 1973. With increased built-in usefulness and availability, cell phones have become a major form of communication. Retail landline business is endangered as, in just a ...

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