Business: Rolls-Royce: The Trap of Technological Pride

THE financial and emotional shock waves started by the Rolls-Royce Ltd. bankruptcy two weeks ago are continuing to build in intensity. Last week there was considerable hindsight analysis of just how the calamity had happened —and a string of man-bites-dog oddities. The Guardian bannered a warning to foreigners: BETTER NOT BUY BRITISH. In Parliament, Socialists assailed the Conservative government for shabby treatment of a giant U.S. company, Lockheed Aircraft—a theme echoed on the placards of 1,000 Rolls workers who marched outside in one of the world's rare pro-American demonstrations. On the London Stock...

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