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
"synopsis" may belong to another edition of this title.
This retitled book is a reprint of When the Machine Stopped: A Cautionary Tale from Industrial America, a work named by Business Week as one of the ten best business books of 1989. By tracing the life and death of a small machine tool company in California, the author presents the reasons for its failure to innovate and survive fierce competition in a global economy. But it is more than the story of one obscure manufacturer's demise. It is also a disturbing account of how speculation trumps enterprise: Washington gets embroiled in trade politics, while Wall Street engages in financial engineering that rewards a handful of executives and investors.
Max Holland is a contributing editor to the Nation and the Wilson Quarterly magazines, and a research fellow at the Miller Center of Public Affairs at the University of Virginia. His articles on business and contemporary history have been published widely. His father worked for the Burgmaster machine tool company for twenty-nine years.
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