Signs of the American economy’s perilous condition are everywhere – from yawning fiscal and current-account deficits to plummeting home prices and a feeble dollar. But something that shows up in none of the economic indicators may be driving many of them: the deterioration of American management, which is undermining not only many of America’s great enterprises, but also its legendary spirit of enterprise.
显示美国经济处于危险境地的迹象到处可见——从巨大的财政以及经常账户赤字缺口到快速下降的房价和弱势美元的价格。但是，有些没有在任何经济指标中显现的东西可能驱动着许多经济指标：美国管理的恶化——它不仅削弱了许多美国大企业，也削弱了美国企业书写传奇的精神。