The Monthly Letter covers two topics this month. First, we return to our What’s Good for GM Is Not Good for America series once more. Corporations enjoyed a long period, from the early 1990s until ~2015, when the U.S. government allowed them to dictate economic policy. However, starting with the 2016 Presidential election, the environment changed drastically. With the rise of China as an economic power and a military threat, the United States needed to focus on The National Interest to meet the growing challenge. The policies required under such a rubric differed dramatically from those followed for the prior 20 years. As a result, U.S. economic policy began to focus on domestic over foreign production and protecting the country’s Intellectual Property. This change in policy, which will accelerate despite the change in Administrations, will ultimately put an end to Corporations putting their interests ahead of the Nation. This month’s piece reviews the positive impact of such changes for the United States. Future installments will review the impact on corporations that have benefitted from this over the past 30 years. Second, as always, we close with brief comments of interest to our readers.
Droning On, Where’s That Container, and The Bionic Human
In Closing
Should you have any questions on how the above issues or the items discussed in our accompanying cover letter impact your family’s financial position or your business’s future as well as the potential actions you could take in response, please do not hesitate to contact us. We welcome the opportunity to discuss this with you.
Yours Truly,
Paul L. Sloate
Chief Executive Officer
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