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To me, cutting costs is nothing but the constant process of all businesses to lower the cost of their product through any means available, be it innovation, smarter organization, capital structure or whatever. Call it lean/kaizen or something else. It happens all the time in all companies to maintain their competitiveness. It's not about dismantling industry or introducing third world living standards.

That is because you have a protected domestic market in which the most productive Swedish industries can cannibalise the less productive Swedish industries.

Absent the protected domestic market, there is no guarantee that the dismantled industries are replaced by more productive domestic industries - they may instead be replaced by imports.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Dec 14th, 2011 at 10:15:24 AM EST
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