Earlier quoted context omitted.
"Extraordinary gains?" Ordinary gains are about 4% a year (long-term returns of broad investments in the stock market, adjusted for inflation). If you buy a piece of equipment for $100 it should return $4/year (on top of maintenance costs, depreciation, and the like) otherwise you'll do better by buying a stock-market index fund. How much do you think it would cost an arbitrary manufacturing company to switch over al…
Clearly I was talking about switching the entire American society from imperial to metric. Your switch of focus to the impact on a single company and it's return on capital is certainly interesting but I am not 100% convinced it's germane. It's not necessarily a good idea to apply a Wall Street lens (quarters trump decades!) to every decision. Other countries around the world have successfully absorbed the short term…
If nothing else, the $N billion of nationwide switching costs could have been used on, like, renewable power, or something.