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We're rollin' in the dough this week with a double dip of interesting business talk.
First up are Thomas Gryta and Ted Mann of The Wall Street Journal who look at the rise and fall of one of America's iconic companies. In Lights Out: Pride, Delusion, and the Fall of General Electric, Gryta and Mann lay out the consequences that came from believing in the mythology GE created for itself.
Then we move from Wall Street to Main Street where Carol Roth (she of The Roth Effect found right here on Ricochet) talks about the biggest transfer of wealth in history in her new book, The War on Small Business: How the Government Used the Pandemic to Crush the Backbone of America (available on June 29th).
And congratulations to @PrestonStorm for taking home the coveted Lilek’s Post of the Week for his post "I Wish Libertarians Would Pick Better Battles and Heroes"
Music from this week’s episode: Taking Care of Business by Bachman Turner Overdrive.
Discussion (17)
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Great show this week. I highly recommend.
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Great talk. What do you think, happens next for GE? Does it get broken up or does it lumber along soaking up government funding while shipping all industries to China?
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Doesn't GE still make (among) the best locomotive engines? Definitely worth having GE just for that, even if nothing else.
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And congrats @PrestonStorm although I think you should have won first for the power plant story.
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I remember watching Wall Street Week with Louis Rukeyser in early 2000. A question was what major company in 1900 had done the best in the next 100 years. The answer was GE.
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