It didn't hurt that in the 50s American industry was reaping the benefits of having blown their industrial competitors to smithereens just a few years earlier.
I can offer all the benefits you want if the odds of my products' prices being undercut by a competitor are roughly zero.
>I can offer all the benefits you want if the odds of my products' prices being undercut by a competitor are roughly zero.
Sweden, Denmark and co seem to be able to offer "all the benefits you want" (and them some) even with lots of competitors being able to undercut them.
It's not like a country is like a shop in a commercial street with competing shops around it, and only the rules of competition hold.
There are also laws we make and consciously shaping on the environment we operate on. Like, say, tarrifs and subsidies.
And it's funny that those are taboo in America, when most of the success of the American economy is the result of a sort of "subsidy" of having a huge military presence and diplomatic pressure (not to mention the actual huge subsidies, to farmers, Detroit, Wall Street et co, shadowing any "socialist" country's GDP spending).
I can offer all the benefits you want if the odds of my products' prices being undercut by a competitor are roughly zero.