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Laid-off Corporate Workers Confront New Reality
Dallas Morning News ^ | 05/20/2003 | APRIL M. WASHINGTON

Posted on 05/23/2003 7:13:20 AM PDT by CMClay

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OK, I did not read all of the replies, but I have to say that those who claim this problem just lies with the younger generations (Baby boomers or X'ers) are just plain wrong.

How about all of those folks who rely in Social Security alone for their pensions? How about all of those folks who never took care of themselves phsyically--smoking and eating crap without regard to their health--who now cry about having to live from month to month on a "fixed income."

I lost my six figure job three months ago. I started my own company and I am paying the bills--none of which are credit cards or luxury items. I had a reserve that would last me two years without working.

Not all of the kids are idiots.
181 posted on 05/24/2003 6:50:38 AM PDT by Vermont Lt
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To: FreedomPoster
I would strongly prefer that Republicans come around on this issue first, for any number of reasons.

It is a tremendous opportunity for republicans to have control for a generation. So far, they dont want it.

182 posted on 05/24/2003 6:57:18 AM PDT by waterstraat
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To: waterstraat
That's certainly one of them.
183 posted on 05/24/2003 7:21:39 AM PDT by FreedomPoster
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To: Blue Jays
Should I ever have children, God knows he or she will be trained in the hard sciences to MANUFACTURE "something" for consumption

Just what we need .... another chinese factory.

184 posted on 05/24/2003 7:21:46 AM PDT by waterstraat
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To: garbanzo
People are always looking for the easy way out of financial troubles. They consider moving back home to let their parents bail them out, and if their parents have money, they hope for a non-repayable loan. They are offered a variety of credit cards, one bank hoping to move their debt to their location in order to reap the interest money. None of these banks hope that you will pay off your debt. If you are out of debt, they lose. Then the offer of bankruptcy comes into play, offering people a way to erase all their debts. If they brought back debtors prisons, maybe people would learn to have a little more fiscal responsibility.
185 posted on 05/24/2003 7:23:06 AM PDT by man of Yosemite ("When a man decides to do something everyday, that's about when he stops doing it.")
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To: HitlerySux_Go_BUSH
I suggest we stop worrying about which political party is in power (does it really matter), and worry about making sure that we have politicians in office who are looking out for the working man and woman.

In Massachusetts there was a very good rather conservative and smart Democratic candidate Silber running for governor office against Republican Weld. Weld won with the help of liberal Boston Globe and local libertines. What are the results you can see for yourself.

One should vote for good candidates.

186 posted on 05/24/2003 7:25:18 AM PDT by A. Pole
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To: waterstraat
Good Morning All-

Stated by Blue Jays: "Should I ever have children, God knows he or she will be trained in the hard sciences to MANUFACTURE "something" for consumption..."

Reply by Waterstraat: "Just what we need .... another chinese factory."

***************

So, Waterstraat...what's your point? People who choose a career in manufacturing are engaged in Chinese labor practices?

Try telling that to Jack Welch (former CEO of General Electric) who managed 275,000 employees and was called a "mentor" by Bill Gates. Seems that Jack did quite OK during his time managing factories. God knows I wish I weren't spinning my wheels in the IT sector.

Many of those people who managed or worked in those factories also lived in fine homes, drove fine cars, attended good schools, and ate good food.

Regards,

~ Blue Jays ~

187 posted on 05/24/2003 9:09:38 AM PDT by Blue Jays (Remember our troops this Memorial Day!)
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To: tucents
Good Morning All-

Reply by tucents: "All of that manufacturing stuff is being out-sourced to China, etc., and it isn't coming back. There's too much money at stake for the course to change. The other options you mentioned have more promise. Everyone needs lawyers and healthcare professionals."

*************** Emphasis above is mine.

More lawyers? You've got to be kidding, right? Many lawyers today (even good ones) can't make ends meet because of the glut. They're forced to do multiple jobs, even outside their area of expertise, to pay normal household bills.

Regards,

~ Blue Jays ~

188 posted on 05/24/2003 9:16:56 AM PDT by Blue Jays (Remember our troops this Memorial Day!)
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To: Blue Jays
"Just what we need .... another chinese factory." *************** So, Waterstraat...what's your point? People who choose a career in manufacturing are engaged in Chinese labor practices?

Where else do you see factories being built?

189 posted on 05/24/2003 9:32:30 AM PDT by waterstraat
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To: Blue Jays
There may be an ocean of lawyers, but, unlike manufacturing, I haven't seen any indications that work for lawyers is decreasing. I would guess that it is going to increase. First, lawyers shape the laws we live under, and thus can increase the demand for legal services. Second, if the economic conditions in this country worsen, legal conflict over ownership and liability will also likely increase.
Some of this work may be outsourced, but most of it will probably stay in this country since laws are region-specific. If one has a court case in PA, a PA lawyer would seem to be desirable, not only because he is familiar with the law, but also with people in the system (e.g., judges). Also, most people, whose legal problems probably occur where they reside, want to talk to their lawyers face-to-face. So long as the U.S. remains a major market, companies will do legal battle in U.S. courts. Again, lawyers with expertise in the local legal system are preferred.
190 posted on 05/24/2003 11:06:44 AM PDT by tucents
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To: dark_lord
So a lot of these "middle class" people that get hammered are not spendthrifts -- they simply have expenses that never married, single people haven't even considered.

I live in Allen, the subject city in the article. Right across the street from me live a DINK couple who astound me. Their house is optioned to the gills. During a converstaion last year about interest rates and refinancing, mr. DINK mentioned they were paying an extra 2% on their mortage in order to finance the PMI. My thought was, and still is: Dumb, Dumb, Dumb.

When I bought my house, I had only options I could not easily add later put in. I've been slowly adding niceties.

While I was able to do a VA loan, I did check into FHA, just for kicks. The monthly costs were only slightly higher. To me, having to finance PMI is rediculous. I don't beleive these folks are unique. I'm waiting in wonder to see how many of my neighbors won't make through the storm with their "lives" intact.

191 posted on 05/24/2003 11:42:19 AM PDT by Prof Engineer (Space Geek {Texas...is bigger than France})
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To: Prodigal Son
Free-market capitalism is a relative of communism because they both proceed from the creation of a proletariat. A proletariat, you will recall, is a mass of people who possess no income-creating capital (land, property, or cash) and therefore have no means of earning income other than selling their labor. In other words, a proletarian is a "worker"; i.e. a person who has not capital property and must work for some other person in order to live.

The creation of the proletariat was the result of the destruction of the feudal system in Europe; with the breakup of the feudal manor, the former peasant was dispossessed of his income-producing property and turned out of his village. As a "free" man, he now had nothing to trade but his labo. Since a proletarian has no means of survival other than trading his labor for money ( = working at a job), then he is at the mercy of the capitalist, who owns and controls the means of production by which value is created.

The existence of a proletarian class is the basis for both capitalism and communism; in a capitalist state, property is owned by capitalists (i.e. those few who own and control capital), who exchange their money for the labor of those who have nothing but their labor to sell (the proletariat). In time, free competition by capitalists in an open market eventually drives the price of everything (including labor) down to its natural price (of which slavery is the ultimate end) while those who control capital (and ths are not dependent upon wages) remain unaffected. Under communism, the state (i.e. those who own and control the state security apparatus) controls the means of production directly, and exchanges their money for the the labor of those who have nothing but their labor to sell (the proletariat). In time, government-mandated wage and price controls diverge so radically from reality that an immense black market forms, reduucing the workers to an equality of poverty (of which slavery is the ultimate end) while those who control the State (and thus are not dependent upon wages) remain unaffected.

In both cases, the mass of the population are reduced to mere economic units, powerless to control their own destiny. In a capitalist economy, capital and credit are increasingly centralized into the hands of a few, incestuous monooply groups; under communism, capital and credit are increasingly centralized into the hands of the State bureaucracy and security apparatus.

Over time, this centralization will destroy the productive capacity of the society, creating a depression. Under a capitalist system, workers in a depression have no jobs, no money, and do not spend; under a communist system workers in a depression have "pretend" jobs and "pretend" money, but nothing to spend it on. In both cases, an angry dispossessed, hungry, and increasing desparate population is created. When the situation becomes bad enough, the proletarians decide "they have nothing to lose but their chains" -- and chaos results.

In a capitalist society, the proletarians in revolt seize capital and the state security apparatus by force and declare a communist state; in a communist socitey, the proletarians destroy the state, and thus abdicate power to whatevever ethnic faction, crime syndicate, or warlord is able to establish local dominance. In both cases, ruin is the ultimate end.

Belloc points out that a man with political freedom but no property (capital) is not free at all; he is an economic slave, at the mercy of the man who employs him. This is why, in Belloc's view, what we call capitalism ought rightly to be called "proletarianism", since it depends upon the existence of a propertyless class (the proletariat) for its own existence. In the Catholic view, any system in which most men are slaves is unjust. Since the problem on both capitalist and communist societies is the concentration of capital into a few hands, the solution therefore is to distribute capital as widely as possible, giving every man a means of survival that does not rely on the whim of another.

This system of Catholic political economy is called Distributism, and it is I believe well worth looking into.

192 posted on 05/25/2003 11:51:17 AM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: B-Chan
No. This is capitalism as described by Mr Marx. He has overlooked a few items.

Let us consider a hypothetical. Let's assume that the world is newly created. There are "x" amount of people and "x" amount of resources that can be evenly divided in a way that is just (ie= equal). In this system, nobody is a proletariat because nobody has an advantage over anyone else- ie nobody is an economic slave. Will this model hold over time? In other words, after a century or so, will everyone still possess all their capital or equal amounts of capital?

That question is the crux of the problem. How you answer it defines your political leanings.

Also, the black market economy must be factored into the Marxist model. There is no way to circumvent the black market. It follows totally rational rules (from a human behaviour standpoint). It is an expression of the amount of control exerted by the State upon economic affairs and free will.

It is absurd to suppose that communism and capitalism are cousins. Capitalism will exist independent of human intervention in human economy- ie the black market. No amount of control will circumvent this result. Indeed, control is the impetus for the black market.

But communism and its concepts (ie- proletariat) is a totally human creation which has no basis in reality. It has never been demonstrated to work in a satisfactory manner whereas the black market always exists and operates under a well understood framework. The black market is the economy operating in the absence of economists or control by politicians.

Communism, on the other hand, can simply not operate over the long term. It relies upon capitalism. Capitalism was seen as the precursor to communism by Marx. It could not happen before capitalism was developed to "such and such" point. It logically follows that if capitalism never develops to "such and such" point communism can never happen even though capitalism is constantly in existence.

There is no rational basis to suppose that capitalism and communism are two fruits from the same tree. Communism essentially is theft. Theft cannot happen until there is something to steal. I will not equate a producer of wealth with an absconder of wealth but I fully understand that some people seek to. Given certain circumstances (outside human morality) it must appear easier to simply appropriate wealth than to go to the trouble to produce it. This is what our earthly struggle is all about.

Capitalism or the black market will function regardless of the political circumstances and regardless of the given resources. Communism can only function once a certain amount of assets have been accumulated to steal.

193 posted on 05/25/2003 12:33:47 PM PDT by Prodigal Son
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To: Prodigal Son
Hmmm....

It has never been demonstrated to work in a satisfactory manner whereas the black market always exists and operates under a well understood framework.

Make that--- within a well understood framework instead of "under".

194 posted on 05/25/2003 5:36:32 PM PDT by Prodigal Son
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