Disney & Co. Driving The Economy? That's Goofy

Wall Street megadeals, like those that saw Walt Disney merge with Capital Cities/ABC and Westinghouse Electric purchase CBS, still seem to have the power to propel the business press toward flights of fantasy. How else to explain your recent editorial insisting that entertainment has become "the driving force of the U.S. economy" ("The expanding entertainment universe," Editorials, Aug. 14). Despite the well-publicized downsizing of some large industrial companies, manufacturing remains the true engine of American economic growth.

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