Offshoring pays...CEOs

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FINALLY SOMEONE SAID IT!!

I was starting to get sick of corporate lies about offshort workers having better skills or domestic labor shortages.

Offshoring is nothing more than another way for greedy execs to line their pockets without any regard for the damage they inflict to the company, the US economy, and, by extension, America's national security.

As much as some people despise China, I think they got at least one thing right (probably after observing the America's situation): They realized that they must actively force the capitalists to work to further the nation's interests as it liberalize its economy, and to prevent the multinationals from subverting the government like they did in the US (both the legislative and the Executive are now irreversibly corrupt by the corporations). Right now, while American corporation sack US workers left and right and pay less and less to those who still have a job, China is having their economy grow so fast they can't crank out power plants quickly enough to feed all of it at once. Meanwhile, part of what US shoppers pay at Walmart ends up going straight to the China's PLA piggy bank (expect some major fireworks near Taiwan in a few years).

Not only that, but the obscene trade deficit with China has allowed them to accumulate enough US currency to choke a donkey. In practical terms, this means that China can seriously deflate the US Dollar if it were to dump its hoard on the currency market. To the average Joe and Jill, this mean credit and mortage rates spiking over 20% along with major increases in prices across the board.

Sorry about going off on a China bash, but there is only so much damage those CEOs can do until it's too late to fix.

Posted by: johnsmith222   Posted on: 08/31/04 You are currently: a Guest | Members login | Terms of Use

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