Related thread
68% Believe Government and Big Business Work Together Against the Rest of Us
http://www.freerepublic.com/focus/f-news/2670995/posts
I really hate marxist terms like “middle class”.
Your thoughts?
Corporate boardrooms show their true colors, and those colors aren’t red, white, and blue.
Here’a a thought. All of us who have any stock at all in any of these treasonous companies should DUMP them post-haste. If you must put your money somewhere, buy gold.
Send ‘em into a financial tailspin that will teach them a lesson they’ll never ever forget.
Or for those of you who don’t want to divest of your holdings, show up at the shareholder’s meetings and create as big of a ruckus as you can. throw as many monkey wrenches into their plans as you’re able to. You can start with derivative actions.
It makes a good case for taxing foreign profits and getting off OUR backs, but they’d just move.
It’s an ugly mess with no solution as long as millions are aborted every year here and we don’t grow!
bookmark
A great deal of recent corporate profits have occurred from producing in one low cost, low tax, and low regulatory - with all the benefits of the tech explosion - to a country with a far higher standard of living and access to easy credit. I’d argue that profits weren’t as good back in the day when you were producing in the U.S. and selling here too because it was a parity situation.
Generating internal demand may not be as easy with that advantage gone. And don’t be fooled, cheap tax and regulatory situations are an illusion in these countries. If the govt wants something they just tend to take it, you don’t have half the protections you do here. Corporations may be unpleasantly surprised if they ditch the American consumer. The article sort of contradicts itself here as producing in China and selling in China isn’t going to improve margins either, just sales growth. They hope anyway. And cheaper operating environments will favor small, creative, nimble, and tech superior small companies. Big corps might get their lunch ate.
Not to mention Americans tend to put up with the quality control issues that still plague China and make their products seem cheaper than they are. Even with all our burdens, it actually is still cheaper to make it in the U.S. because we generally do it right the first time. When you count rework, you lose on producing it in China. Problem is the bean counters don’t want to think more than an inch deep. Foreign consumers might be more picky, living standards may not grow like corps want, have a much higher savings rate, and a myriad of other factors that might not be what the corps hope to be.
The middle class may not have lobbying power, but we do have a vote, like we did in 2010. If we can get spending and regs down, and make things palatable for small business again, and focus on tech, we could do quite a bit to be competitive. Whether we will or not remains to be seen.
No problem. The solution to internationalist American companies is called “tariffs”. If they want to make a product here and export it, then fine. But if they want to make the same product to the profit of foreign nations, and import it here, not fine. They have to pay a tax which negates the value of their making it cheaply over there.
Oh, yes. And this means that the US leaves the onerous WTO, because it forbids tariffs. Their interest is the international business interest, not the American interest.
Think about it. If the WTO continues to have its way, while foreign workers will be elevated, American workers will be dragged down. And shall we benefit from this? No, not at all. Because with their improved standard of living, foreign workers will then be in stronger competition with us for *everything* we want.
Which means that not only do we have to work more and be paid less, but that our prices go up, too. All for the benefit of other people in other countries.
While it is uncharitable to want to keep other people down, there is nothing wrong in wanting them to elevate themselves, instead of us paying for their elevation, at the expense of our prosperity.
Internationalists might think this is neat and generous and wonderful.
But their interests are not America’s interests. If American companies want to make international profits, fine. But not at the expense of the American people.