Since We’re Talking “John Galt” Today

American business is “going Galt,” and government is the primary reason why.  You owe it to yourself to read this one:

Niall Ferguson: The U.S. Has Lost its Competitive Edge and There’s Only One Place to Put the Blame…

Niall Ferguson, the historian and economist who has been warning the U.S. about its faltering economy for years, is back and he has a troubling study in tow.

During an interview with Bloomberg TV, Ferguson cites a new Harvard Business School (HBS) study that claims the U.S. has fallen behind in global economic competitiveness.

For instance, the January study found that for “Harvard alums personally involved in a company relocation decision, 57 percent said the decision ‘involved the possibility of moving existing activities out of the U.S.,’” Rob Wile of Business Insider reports.

“Meanwhile, only 9 percent considered moving existing activities from another country into the U.S.,” he adds.

Watch Ferguson discuss the HBS report (via Bloomberg):

 

Look, this one is simple: if you really want to know why the U.S. economy is faltering – and has been for the last 30-40+ years – READ THIS STORY!

 

Find the rest here.

4 thoughts on “Since We’re Talking “John Galt” Today

    • All you need to know is the information it presents is not good for this country’s economy. Atlas is shrugging. Do you know what happened to America when that happened in Atlas Shrugged???

  1. Gah blimey! You’re listenin to a Limey from Harvard! Reckon that hurts a wee bit, eh? Course the lass brought up a good point, but, seems near round the end she was a wee bit baffled by the facts that the bloke had spouted off.

    I’m sorry, but your question sounds like a set-up for a joke. I hear two punchlines…..
    Q. Do you know what happened when Atlas shrugged?
    A. He felt the weight of the world lifted from his shoulders.
    A. He felt the world falling into an abyss.

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