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Yes.

The difference between today and a half century ago is that today you either win first prize, or wind up dead. That stinks.

It stinks because companies that come in first are seldom worse at extracting value from customers than they are at providing value to customers, and therefore tend to be mediocrities.

And it stinks because such companies are seldom worse at extracting value from rank-and-file employees than they are at providing value to employees.

The world is better when there are societies that can afford to sacrifice a little competitiveness for a good quality of life. If that's over, it's a shame.



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