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Opinion Open Letters Corporate offshoring will eventually destroy ...
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Sunday, 05 September 2010 00:52
Thanks to Mr. Meyerson for pointing out that the German work force is smaller, more unionized, better paid and produces $125 billion more in exports than we do. This is reported far too seldom. No wonder too many Americans are ready to believe that our present predicament is the fault of the "little guy."
In the German model of capitalism, the financial sector serves the larger economy, not just itself. That suggests how Wall Street can prosper independent of Main Street. Henry Ford believed that you paid your work force enough money so they could buy what they made.
In the wake of the Citizens United v. Federal Election Commission ruling by the U.S. Supreme Court, Mr. Meyerson's message may not even rise to "prophet in the wilderness" status.
Although Mr. Meyerson refrains from actually accusing our business leaders of being unpatriotic or worse, their bad choices do have the ironic capacity to destroy what surely they would wish to prosper. It is inconceivable that borrowing from China to buy Arab oil can lead to anything good for the United States. How can a great power sustain itself by its citizens selling each other hamburgers and insurance policies?
KEN ESCH
Brookline
Comments (9)
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written by Doggydaddy, September 05, 2010 - 06:19 PM
C'mon, people! Man up! The unions were greedy, and management was greedy, and neither cared if the golden goose was cooked, as long as they came away with the biggest serving.
But "you" aren't blameless either. The you that wants more, cheaper, "stuff". You are why Toyota, Tosihba, Nissan, et al, were able to grow their market share over the decades. You didn't want to buy the marginal products rolling off the Detroit assembly lines; you bought a "foreign" car and left it up to others to buy enough "American" to take care of the workforce. Unfortunately, they were doing the same thing you were.
So kindly spare us the hypocritical sob story; in the main, John Q. Public is just as responsible for the current situation as any union official or venture capitalist................
But "you" aren't blameless either. The you that wants more, cheaper, "stuff". You are why Toyota, Tosihba, Nissan, et al, were able to grow their market share over the decades. You didn't want to buy the marginal products rolling off the Detroit assembly lines; you bought a "foreign" car and left it up to others to buy enough "American" to take care of the workforce. Unfortunately, they were doing the same thing you were.
So kindly spare us the hypocritical sob story; in the main, John Q. Public is just as responsible for the current situation as any union official or venture capitalist................
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written by regis, September 05, 2010 - 07:27 PM
And you would suggest WHAT to rectify that, Doggy?
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written by Doggydaddy, September 06, 2010 - 05:57 AM
I would suggest nothing Regis; there's no point. Our current situation is the result of our past choices, and is pretty much immutable. In the scope of my lifetime, at least.
It's the essense of the old adage that says you made your bed, now you must lie in it.
It's the essense of the old adage that says you made your bed, now you must lie in it.
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written by Deke, September 06, 2010 - 08:06 AM
the dogdad worships at the alter of Koch and company. He burns scented candles to NAM and the Chamber of Commerce. He blames UNIONS when its convenient to do so.
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written by Sparky, September 06, 2010 - 10:53 AM
Capitalists have done exactly what Khrusechov said they would do, destroy their own market as they did what comes naturally for them, seek "lower costs".
Had nothing at all to do with Unions, see Germany, it has all to do with short sighted policy to seek those lower costs. Now we are on the brink of real disaster, as the American Market is fast disapearing.
Laud off workers, can buy nothing, even at the lower price. The American Market, was the capitalists Golden Goose, and they killed it.
Had nothing at all to do with Unions, see Germany, it has all to do with short sighted policy to seek those lower costs. Now we are on the brink of real disaster, as the American Market is fast disapearing.
Laud off workers, can buy nothing, even at the lower price. The American Market, was the capitalists Golden Goose, and they killed it.
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written by BigGuy, September 06, 2010 - 01:47 PM
Sparky, well said.
The Oligarch's have milked the US and are doing the same in other countries
The Oligarch's have milked the US and are doing the same in other countries
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written by Doggydaddy, September 08, 2010 - 06:04 AM
Sparky, your post was illuminating. It clearly illustrates what is, socially, perhaps America's biggest problem - absolute & utter shamelessness.
In your viewpoint, "the people" take no responsibility or blame for what has transpired. It's all "policy's" fault. Who made the policies, eh? Who empowered the people who made the policies, hmm? I'll give you a hint: it ain't the "robber barons of Wall Street". Want to see who's really responsible? Go walk around the nearest Wal-Mart.
We get the government we deserve, guys. Too many of us didn't have the time to pay attention & participate; we had better things to do. Well, now many of us have plenty of time to do all that more important stuff, don't we?
In your viewpoint, "the people" take no responsibility or blame for what has transpired. It's all "policy's" fault. Who made the policies, eh? Who empowered the people who made the policies, hmm? I'll give you a hint: it ain't the "robber barons of Wall Street". Want to see who's really responsible? Go walk around the nearest Wal-Mart.
We get the government we deserve, guys. Too many of us didn't have the time to pay attention & participate; we had better things to do. Well, now many of us have plenty of time to do all that more important stuff, don't we?
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Anti-trust cases also have not been brought in decades allowing for monopolistic behavior, unchecked in the name of "free markets"