state participation
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At what level of state participation do business managers become concerned about the issue of loss of local control? Why?
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Solution Summary
Where does state participation fit in is determined. The level of state participation business managers do to become concerned about the issue of loss of local control.
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At what level of state participation do business managers become concerned about the issue of loss of local control? Why?
There is threshold level of state participation when businesses managers become concerned about the issue of loss of local control beyond this level state-owned companies become the assault weapons of the corporate state. Having mastered the main principle of state-corporatism - "privatize profit, nationalize loss" - they turn to massive intervention in the private sector.
Managers become concerned about the loss of local control because companies that are still in private hands resemble ever more closely their state-owned siblings. Any request from the state - whether it's a donation to a "necessary" project or the sale of the company itself to "correct" buyers - should be fulfilled. Managers become ...
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