The US commercial environment experienced a bit of a step change in 1971 - and, realistically, probably a lead up of pressure before that date.
A bit of systems thinking and it is probably not fair to say he is "the main reason". He was the first executive who figured out how to get best results in what at the time would have been a poorly understood new regulatory world that rewarded of financialisation.
I don't like to think in absolutes, so I was a little hyperbolic when I said he was responsible for the failure. You're probably right that it would have gradually happened anyway, but my limited understanding is he became the celebrity face to it that legitimized it and made it the defacto strategy. He is more than a little responsible for the mess we're in.
Seems somewhat legitimate, though I'd prefer more log graphs, linear scales can be misleading. Perhaps the Hakone Maru in 1968, the first TEU container ship (I think), was a harbinger.
A lot of that page builds a lot of point about specific time in order to sell the idea about dropping the unviable gold standard (in the form of Bretton-Woods system) as the real culprit.
The US commercial environment experienced a bit of a step change in 1971 - and, realistically, probably a lead up of pressure before that date.
A bit of systems thinking and it is probably not fair to say he is "the main reason". He was the first executive who figured out how to get best results in what at the time would have been a poorly understood new regulatory world that rewarded of financialisation.