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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (174376)	11/6/2005 12:06:23 PM
From: bentway	Respond to of 281500

I think the consuming need for corporate quarterly gains and profits have distorted capitalism. Corporations have seized control of government through lobbying to help insure these results. Investors used to buy stocks for long term steady dividends, not appreciation. Homeowners bought a house for a place to live and looked forward to a "mortgage burning party" in 30 years. Investing and homeowning weren't very exciting. Now, both are vehicles of speculation. I can't see why ANY job that can be outsourced to a cheaper labor country shouldn't be right now, from a purely pragmatic point of view. As a person that has employed people in the past, I know that they were my largest fixed cost. If I could reduce my largest fixed cost by 4/5ths, why wouldn't I? While wages fall here and rise in Chindia, I see extreme social disruption here, until some sort of parity is reached. I think outsourcing is just in it's embryonic state right now. As the Chindians become better at it, the outsourced employees may not only be cheaper, they may be BETTER than us. They're certainly hungrier.