Organization insufficient Aristocracy v. serfs Crises: war, fiscal, industrial World is changing Regional, vertical specialization Entitlement Controlled inflation with supply v. demand Inefficiency Products narrowly distributed Some mobility OK Oil crisis Mgt errors, mistakes Small staff, untrained family management Solidarity v. individualism Coal miner strikes Buyouts Inevitable global change; momentary confidence post-Falklands Not failure, but relative decline Statism, too conservative Scale,…
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