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From Industry to Alchemy: Burgmaster, a Machine Tool Company
This is a reprint of "When the Machine Stopped: A Cautionary Tale from Industrial America," with a new title. It traces the life and death of a small tool company to illustrate how speculation trumps enterprise
Paperback, 352 pages
Published December 1st 2002 by Beard Books
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A a rather oddly named history of Burgmaster, an American machine tool company. The author's thesis is that egregious mismanagement rather than foreign competition drove Burgmaster (and by extension much of the rest of the American machine tool industry, and by extension much of the rest of American industry in general) into the ground, and I have to say he makes a pretty compelling case. Conglomeration under a parent company that didn't know or care about the peculiarities of the machine tool i ...more