SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (515286)12/24/2003 12:54:18 AM
From: Simba  Read Replies (1) of 769667
 
Globalization has been a policy that has been supported by both Clinton and Bush admins. It is in the interests of the corporations, wall street and the large shareholders as they benefit the most from offshoring.

Regardless of who is in power this trend benefits the current crop of capitalists as they accumulate more capital and will affect the middle class professionals/worker bee who will be the most impacted. There is so much supply of highly qualified cheap labor in India and China that the middle class worker bee has no chance competing however good he or she is in their profession. You can find the same quality work for much less cost.

So look forward to an America where if you are a capitalist with good starting capital base you are gonna make some good return on the globalization profits and a whole sea of blue collar workers who were formerly middle class. Mind you all this will happen with great economic growth. Just the growth will all go the current capitalist base.

Sorry guys/gals, if you don't have capital think about being on the unemployment roll soon!

One way this can be quickly resolved is if the dollar takes a huge devaluation with the Yuan or Rupee. That is the only hope for the worker bees to stay competitive. But you know the capitalists would hate a weak dollar as all their assets are now devalued.

Time to buy stock in the offshoring companies.

Simba
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News