Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "How America's Most Valuable Company Faded Into Irrelevance" video.

  1. Nationalisation will not help an industry that fails to innovate and falls behind it's rivals. And whose capitalists gave up and offshored jobs instead of competing. Sadly, we live in an era where profit is the priority instead of people, and your economy has been shaped by that thinking, which is unsystemic and short-termist. America had a unique advantage after World War 2, but had conflicting priorities. The Pax Americana had to become an economic global empire. In spreading the reach of the US Dollar, it also created the opportunity for rivals to recover and eventually compete with it. That was something they didn't foresee. They had to make USD King, because everyone would need USD, and imports would be cheaper, but that also had a price. To provide all the USD the world needed, America had to increase it's foreign imports. Cheap imports meant that domestic firms couldn't compete and stopped innovating. Instead they began focusing on cutting costs, and cutting capital investment, and executives were rewarded for paying dividends, rather than expanding their capital investment. This would become a downward driver of America industry. So it was the conflicting goals and short-termist thinking of those who ran the American economy which created the shift from a mixed economy, to one dominated by services rather than manufacturing.
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