[p2p-research] What's different about this economic downturn? -- the severe unemployment

[Samuel Rose]

> Hi Andrew, I'll leave it up to your judgment, I must admit never having
> heard of objective metrics proven American companies to be  better than
> European ones, whether there is a U.S. superiority. It is true that U.S.
> workers generally work longer hours than their European counterpart, but I
> have yet to see that this improves their decision-making. Anyway, that could
> be my own euro-bias about well-rested minds, having a healthy social life
> and time to read things that are unrelated to the job at hand. But I welcome
> any stats that disprove this.
>
> Apart from that, your arguments complement rather than contradict my
> comparison with the East Asian choice of using more people for the same work
> amount. In addition, educational levels still have to catch up (of course
> this is only true 'on average', there are plenty of outstanding people on
> this side of the ocean).
>


Heh,

As an American who has worked for American companies for 2 decades, I
can tell you that American companies can and do outperform Euopean
companies in the following areas:

1. Financial fraud: I would venture to guess that there is far more
financial fraud happening in US companies than European

2. Overcompensation of executives: Surely, American corporate
executives are the most overcompensated people on the face of this
planet. Please correct me if I am wrong.

3. Government lobbying: American corporations are just really, really
good at lobbying the US government into subsidizing their existence. I
would go so far as to suggest that many of America's largest
corporations would not even be able to remain in existence without the
subsidization and favoritism of government (nevermind that small
business, which receives basically no subsidy, is around 50% of US
GDP)

4. Public Relations manipulation: Come on, no one can manipulate and
lie to the public like American companies!


-- 
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Sam Rose
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