Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: discostu
It does seem like there is a natural progression. First a new industry is born, then it matures, then it ends up being run by total maniac greedheads, then unions end up being established (as a response to the actions of the total maniac greedheads), and then the industry dies the death of a thousand cuts, thanks to the greed of the unions.

Greedy CEO's vs. greedy unions. What a great choice, huh?

Perhaps if we had a functioning legal system that actually punished corporate corruption and fraud we wouldn't need to go through this cycle. Perhaps if our political system actually listened to the concerns of citizens instead of campaign contributers then we could avoid this nonsense. However, since our legal and political systems are for sale to the highest bidder I don't see an alternative.

The anger needed to fuel a union movement has been kindled by the actions of the CEO's of the tech industry, and I predict they will soon have to pay the piper. The name of the piper will be Union.
34 posted on 04/15/2003 12:38:40 PM PDT by Billy_bob_bob ("He who will not reason is a bigot;He who cannot is a fool;He who dares not is a slave." W. Drummond)
[ Post Reply | Private Reply | To 31 | View Replies ]


To: Billy_bob_bob
Industries are run from the beginning by "total maniac greedheads". You don't start a company for fun, you start it for profit. That's the goal and once you take investor capital (or sell shares publicly) that's the duty. If companies can't be profitable with American workers that's not the companies' fault. The solution, of course, is the same solution to all bad economic situations: stop the obscene taxation which drives up the cost of labor and materials, end needless regulation that increases the cost of doing business, and stop punishing success.

It's not about greed in the unions, it's about raw stupidity and a lust for power. Unions like to demonstrate their might and often do so at the cost of the company. As for greedy CEOs, thank God for them, without them there would be no jobs.

The tech industry is already paying the piper, is was the tech bubble burst (because the "new economy" was a bloody lie) that started the problems in our economy in the first place. All of a sudden vast quantities of investment capital evaporated and a whole lot of very expensive people (remember how trickle down works) stopped earning and then stopped spending. The name of the piper is "recurring revenue stream", any business plan that doesn't have one is doomed to failure. The H1B stuff is a sideline people are using to divert attention away from the root issue: businesses that never should have been started and were obviously doomed from the start got millions in funding then spent it all on cool chairs and lattes. The fact that along the way they imported a sh!tpot full of foreign workers (and started playing with exporting work, which is failing miserably in almost every business that's doing it, this trend won't last that long) is just a sideline. As is always the case the place where the bad economy started will be the last place it's fixed (look at the automotive industry in the late 70s and early 80s). Dumping H1Bs probably won't help much, yes Americans will get those jobs but the heightened salary will hurt the businesses and probably cause them to not do a 1 for 1 trade. Just gotta ride things out it's getting better but there is no magic wand to make things perfect.
40 posted on 04/15/2003 12:53:00 PM PDT by discostu (I have not yet begun to drink)
[ Post Reply | Private Reply | To 34 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson