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FBN's Stuart Varney weighs in on Sears, Kodak and other former American icons that have lost steam in recent years.
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America moves fast.
American private enterprise that is the government and -- -- along -- it always has been and always will be bureaucratic.
Slow but private for profit business moves that break next week fortunately.
So here's my take on Sears Kmart Kodak and all the other fast fading on -- -- It wasn't much of a surprise when C is announced the imminent closure of 100 stores this morning.
-- -- Eastman Kodak sank two pennies push -- -- went Filene's just went out.
But those news items -- a signal a signal that in America.
-- -- of sacred corporate accounts overseas.
Economies are dominated by names that have been around for decades in Britain have been around for centuries until recently.
We did not do that he yeah.
That's why the dominant names in American business also new.
Think apple Amazon Google.
And all the names that are still at the top like IBM they've had to reinvent themselves from top to bottom.
Please remember.
It is the pursuit of profit that is kept these names right out front it is the profit motive that forces change and fast -- backs.
Government run enterprises -- to a different drama they are motivated by politics and votes and that's why they are always always -- -- -- Government needs tons of -- mean people -- -- -- people that's the nature of government.
-- for the last three years government has played a much bigger role in America.
We've become much -- small bureaucratic more European.
Perhaps however.
The election will tunnels around.
So that the big names five years from now we'll all be news.
And hopefully all Americans.
Would say that that stocks.
You do a polo match up my right.
Well actually you know Google and names like that are the best brand names around because they are the new ones just validate validate that you've got a new book what's the name of it's a book is the people's money it's in talks about how the American people are willing to make hard choices to solve the budget crisis.
The politicians have been pursuing their own agenda for decades that's what's put us into this position.
But if you listen to the voters carefully.
They will point the way out very interesting January the thirty folks anywhere troopers and it's on Amazon.com right now and -- you've got to Cummins is before the release I would agree on a more about it thanks so much -- -- a future.
