ABSTRACT
Many of the writers who have diagnosed the ills of the United States (US) economy favour some sort of government assistance to specific undertakings. The massive US trade deficit continues despite a significant 1987 drop in the value of the dollar. One reason is that imported products are sometimes of a higher quality than their US-made counterparts for example, American integrated circuits and computer chips are deteriorating in excellence relative to Japanese. Michigan’s state pension fund takes equity shares in high-risk enterprises that promise a good rate of return. Thus the success of the ‘state National Enterprise Boards' (NEB) strongly albeit paradoxically supports view that the US as a whole needs a public venture capitalist. The carrier and the missiles are icing on an already big defence cake and do the ordinary person little good, but the firms that the United Kingdom and US NEB would assist would fabricate a wide range of quality articles and provide multifarious services.
