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Saturday, January 29, 2011

Dasterdly

The year is 1847. Imagine a situation where a company from the North moved its manufacturing facility to the South. The new employees were slaves or poor whites who would work for next to nothing. One requirement of the southern state was partial ownership of the company and transfer of the technologies and techniques used by the company. If the company decided later to leave, their facility and knowledge and expertise would remain. The profits of the company soared while the former employees in the North were unemployed. Who would have stood for it?

The year is 2011. Corporate profits are through the roof. Our president says we have to out educate and out innovate our competition as we hand over our hard earned knowledge to the Chinese as they undercut wages, benefits and the social safety net. The Republicans argue that insuring the risks of health and old age makes it too difficult to compete and these risks must be shifted to the individual. The Chinese are eating our lunch because we are giving it to them.

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