jun 10th, 2007
once you get beyond the economist-gobbledygook, bottom-line: cheap chinese imports are hurting the american worker. this is not so much an issue with services. yet.
http://www.businessweek.com/magazine/content/07_25/b4039001.htm?chan=rss_topStories_ssi_5
1 comment:
So economic growth is a zero sum game after all. George Keenan knew what he was talking about 50 years ago. And so did Marx when he predicted that the capitalists would sell the rope that proletariat would use to hang them! All those 'bright' MBA airheads at the big corporations are forever earning fat businesses by coming up with new ways to raise earnings - by cutting costs. And as Lou Dobbs puts it rightly, American corporations have been firing their own customers for years. Some way out must be found. This sort of progress is unsustainable.
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