halalmoney on Nostr: 'Why do U.S. companies trade at higher multiples than their global peers? One reason ...

'Why do U.S. companies trade at higher multiples than their global peers? One reason is what I’ll call the separation of business and state — that is, business embraces rule of law and competition, and the government stays out of the way. Now, just a few months after inauguration, the rule of law and the separation of business and state, once our defining strengths, are eroding. All of a sudden, the U.S. brand is about kleptocracy and sclerotic decision-making.'

Scott Galloway