Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (436166)	11/21/2008 7:37:32 PM
From: Brumar89	Read Replies (1) of 1573821

Are you thinking that no factory should ever close? The economy is dynamic, new things arise and the old goes down. In addition, companies make bad decisions or fail to keep up with market and technological changes. If you don't let anything fail, you'll end up with an economy filled with uneconomic obsolete outdated industries propped up by the government. You can choose to let dinosaurs fail even though everytime one goes down, people get hurt or you can choose to have economic stagnation, no or little growth, where everyone scrapes along in relative poverty. I've worked in cyclical industries and have been at mines that have been closed. I've lived in towns where factories shut down. The alternative would have been to maintain uneconomic obsolete facilities forever. Thats not a solution. No one has a right to expect to work at the local factory and know that it will be there all their lives and all their kids lives and their grandkids lives ..... Society can't afford to make commitments like that - we literally can't afford it.

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