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View Diary: Krugman: "The Competition Myth" (292 comments)

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  •  I don't have a solution (0+ / 0-)

    I don't think that pro-business policies have to be anti-common good in general. But I do think that reducing corporate taxes is. Because I believe that in the end this doesn't help anybody except the shareolders of these companies.

    Besides that I think that only very few companies base their deciscions of leaveing their home country mainly on taxes. By far the most important factor is probably the ratio between wages and skills of the workers. And in this ranking the US frankly are at rock bottom without any hope to move up significantly within an acceptable timeframe.

    Therefore your country will have to think about ways to totally alter the rules of the game if you want to stop your decline. Unfortunately the most obvious way to do this is a major war. I hope that your government manages to find and pursue another one.

    The most dangerous worldview is the worldview of those who never viewed the world - Alexander von Humboldt

    by germanliberal on Tue Jan 25, 2011 at 01:53:39 AM PST

    [ Parent ]

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