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Manufacturing can't survive if it isn't efficient

from Forbes

We sure do ask a lot of the manufacturing industry in this country. We want manufacturing to not just make a comeback in terms of output, but also to create a lot of jobs too. This is very much on display in an interesting NYT piece on how private equity took over the snack food manufacturer Hostess. While the article purports to show the murkiness of private equity's actual value, what it really shows is how murky people's views of manufacturing are. In my reading, private equity is the clear hero of the story. more

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