IBM is not reorganizing itself in a helpful way. It is the kind of reorganization more consistent with going out of business altogether. The securities market clearly thinks so.
We should already be getting richer as a country. We are not. We are hemmorhaging wealth in a one-way street to China along with the productive capacity, capacity, engineering, and skills. All that is mounting up on our side is IOU's, Checks drawn on blue sky, and continually confounded and dashed hopes of "buying" a piece of the Chinese "market." It will never happen.
Why? Because the Chinese government intends to make sure that nothing that happens actually benefits U.S. industry. Nothing. This whole excercise is an attempt to bring a huge "wrecking ball" to the U.S. economy...and never let it get back up again as an industrial threat to communism.
"Your theory is flawed."
It's not my theory. "Free trade" is the generally accepted theory among almost all competent economists.
"We are, vis-a-vis China, getting poorer."
Really? I thought we were paying them 'slave wages' to build our nic-nacs. How does a 'slave' getter richer than his master?