Posted on 02/09/2011 10:22:59 AM PST by FromLori
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”.
I really hate to see our middle class shrink when I was growing up they were the envy of the world.
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!
Um...we just bailed them out of one of those.
Um...we just bailed them out of one of those.
And?
bookmark
“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.”
Exactly right...we are financing our own demise.
Like I said.
Patriotic Americans should divest themselves of stock in these companies.
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.
Great observation thank you. I was recently reading how China steals our technology and bribes business’s in fact I posted an article about it. Someone had made the comment a complaint should be made to the WTO I had to laugh at that one.
I see this all as very short sighted on the part of our politicians who supported so called free trade. It certainly wasn’t fair trade as the taxes were structured to benefit the foreign countries. I also think it was a mistake to give our enemies, i.e, China the jobs and the money they created look at the size and ability of their well equipped globally capable military now. You would almost think they had a plan to bring American’s down to the level of the third world countries :)
I am well aware of our regulatory environment and it’s job killing tendencies but there is more to this story Fascism comes to mind.
“If the government would do it part in helping lower the cost of doing business and hiring people, boardroom would elect to do more more business and manufacturing here at home”
________________________________________________________________________________________________________________
With all due respect to you, that’s the pat answer that all free traders give. But US manufacturers have figured out that even with zero regulation and big wage concessions from the Unions... it would still be cheaper to manufacture in China.
So its a zero sum game and “all things being equal”, the US manufacturers will stay in China because it is too easy to do that instead of going back to the hassle of actually managing a factory workforce here.... even a cheaper one.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.