A surprising diversion from Mary Meeker. The USA in slides.
However it misses the most basic of points. The USA is not a corporation. We have made a choice to take care of the poor, the old and the sick. That, not the state of our balance sheet must define who we are.
"And what are these two rules for journalists?
Rule One: Check it out. Be so skeptical that if your mother says she loves you, check it out.
Rule Two: Cross check again and again until you not only know the facts, but can put them in proper context and understand all sides so well that their perspective gets proper weight and lecture, or as I like to say, everyone recognizes their oar in the water."
"If you are cautious and self-doubting, you have to act otherwise if you want people to believe you are a good ...
I would say that it is not the fault of the people in these professions that they select for hubris.
That late-stage medical procedure represents hope. For overcoming disadvantages with which people are born, education represents hope. For getting rich without having to work hard or save obsessively, money managers offer hope. And do I even need to say that people look to politicians to supply hope?
The Street Light: A Lean, Mean, Manufacturing Machine: "My assessment is that nearly all of the low-hanging fruit that could be gathered by shifting production from the US to low-cost countries like China has already been picked. Companies for which it made sense to shift production to other countries have already done so"
From the comments: . "Ms Folbre is confusing nationalism with morality" Corporations acting in their self interest have changed the lives of 100's of millions of Chinese and Indians. The issue of what happens to the US middle class is for the US government policy to deal with, not the responsibility of corporations.