"In such a volatile climate, change became one of the few constants upon which businessmen could rely. Economic survival often depended upon innovative resiliency; firms with higher unit costs and prices had to either be- come more efficient or drop out of the race. Instability and turnover were continuing threats with which firms had to contend. The severity of the competitive struggle was best reflected in the automobile industry: of the 181 firms manufacturing cars at some time during the years 1903 to 1926, 83 remained in business as of 1922, while 20 managed to survive through 1938."
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Academics from the United StatesNon-fiction authors from the United StatesLibertarians from the United StatesAnarcho-capitalistsOrators from the United States
Original Language: English
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pp. 17-18
https://en.wikiquote.org/wiki/Butler_D._Shaffer
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Butler D. Shaffer
Butler D. Shaffer (January 12, 1935 – December 29, 2019) was an American author, law professor and speaker, known for his numerous libertarian books and blog articles for LewRockwell.com.
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