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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Wyätt Gwyön who wrote (5243)4/29/2004 12:02:51 PM
From: I_C_Deadpeople  Read Replies (2) of 116555
 
When a steel worker puts in 40 years and his 'defined benefit pension' blows up on his retirement because the company underfunded it and used bogus assumptions - that is a form of exploitation.

When investors were hoodwinked into thinking Enron was making money as the accounting and securites industries cozied up to the executives - that is a form of exploitation.

When the government manipulates the CPI and thus minimizing annual increases in Old age benefits - that is exploitation.

When your government LIES about WMD's and your own soldiers DIE as a result - that is exploitation.

America is only 40 years past segregation laws so let's not get on the high horse about other countries exploiting workers. Is it bad in China? Very likely, but that is how economies are built. From the ground up, hard work, too hard perhaps but since America refuses to work hard anymore someone takes up the slack.
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