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Why isn't anyone talking about Ford Selling Volvo to the Chinese??!?!!??! 200

It's far too late to get all fired up about stuff from China and Mexico and other low-wage countries that turn a blind eye to worker rights, safety, and environmental damage, for the right price. The time for outrage and pitchforks was 30 years ago. You (generic "you", not, you know, you) started this by demanding lower prices for everything and covering your eyes as towns across America withered and died so you could have a cheap TV, cheap furniture, cheap clothing, shoes, dishwashers, tires, whatever. Corporate elites dropped the social contract decades ago in favor of bigger pay packages, golden parachutes, upwards-failing, ginormous bonuses, and "enhancing shareholder value" by dropping steady dividends and inflating share prices. That works, until it doesn't.

There's nothing wrong with profit, nor growth. There's something wrong with elites at the top demanding a bigger profit/ROI at the expense of your job, your community, your way of life, while telling you that it's good for the country, happy elites means happy proles, etc. This is not a left/right issue. It affects us all. I mean, 30 years ago a CEO made, what, $250,000 at most? The CEO of my employer made $40 million this year, all told. Isn't that enough? No, it's never enough for the elites. This is what we have become. Malignant greed sold as "growth", and we bought it hoping a few coins would drop as the guys at the top laughed all the way to the bank. A steady rate of return was too boring for the money boys; goose them numbers and close those plants! Gotta get the stock price up 25% this year so the C-suite can get their bonus! So criminally short-sighted.

I'm sure the shiny New Economy of selling each other hamburgers and pieces of paper and "services" is as viable as making things... oh wait.






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New 1 Why isn't anyone talking about Ford Selling Volvo to the Chinese??!?!!??! [200]
posted by  RepairmanJackal subscriber  on Wed Dec 23 09:37 CST 2009 >


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