A Managerial Response to the Marxist Critique of Capitalism
Roger W. Martin
Abstract
Some would say the ability of the United States to compete in the global environment has diminished. Others propose that if US commerce can generate $11 Trillion in worldwide sales and invest $330 Billion in research and development, as in 2008, then it can still compete. However, others have looked at US corporations as whiners shrilling that international rules of commerce are not fair. An excellent example of this alleged grievance involves the Boeing Company who complained for years that EADS (Airbus) had received unfair government subsidies. This equity discussion does not occur just at the microeconomic level, it also occurs at the macro level. This polemic involves allowances for free enterprise, with an accompaniment of currency value infirmity. Recently the US government has focused its currency complaints on China.
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