Word: blame
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Dates: during 1970-1979
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Officials were reluctant to blame the prank on Yale tricksters because the fire extinguishers found were from M.I.T...
Myth two: Adam Smith was right. Time's archaic assertion that small farmers are to blame for their inability to accumulate profits is about as accurate as saying a high unemployment rate is the fault of lazy welfare cheats. The forces putting farmers under have virtually nothing to do with their own efficiency, and everything to do with barriers to competition that would make Adam Smith very unhappy. Not only do farmers have to overcome drought, locust plagues, hail storms, and an uncontrollable international food market, but the numerous, relatively unorganized and competitive farmers also have to buy from...
Farmers are certainly not the ones making a killing at the check-out counter. Time notes that 87 per cent of food price increases take place after the farmer has received his share. Time laid the blame for these price increases on the consumers, with their "insatiable desire for even fancier processing and packaging" and American labor with their ever increasing wages...
...Federal Trade Commission put the blame elsewhere in 1972, when it found that monopoly power in 13 food industries had cost consumers $2.1 billion. And with just a little common sense, anyone could figure out that Proctor and Gamble didn't manufacture Pringles potato chips because hundreds of people wrote in demanding them, but because they have a shelf life of a year, and can be shipped over long distances and bring more money into P & G's coffers...
Some Americans agree. Writing in the current Foreign Affairs, two officers of the Boston Consulting Group, a private management study firm, place the blame for the trade imbalance on a lack of aggressiveness among U.S. exporters. They insist that over the past ten years America has steadily lost its share of the Japanese import markets for most manufactured goods and that, whatever the barriers and for whatever reasons, the U.S. has been supplying a smaller and smaller part of what Japan does in fact import...