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this is basically the micro example behind the deindustrialization of the United States. Mitt Romney type corporate raider MBAs outsourcing everything to China
by ren_engineer 5y ago
this is basically the micro example behind the deindustrialization of the United States. Mitt Romney type corporate raider MBAs outsourcing everything to China for cost savings to maximize short term profit
expand this over 50 years by 1000s of similar groups of people doing the same thing and you go from the "Arsenal of Democracy" to begging China for masks and ventilators
- rob_c 5y agoNot just America unfortunately. People at the very top unfortunately now listen to the bean counters far too much. This really does make social problems of an us vs them sort when all of the money manages to drift up with only the false promises of altruism at charity galas being the sign of any of the generated wealth making its way back down to the workers...
- gen220 5y agoAn oldie that may be an interesting read for those who have had similar thoughts: https://www.theatlantic.com/magazine/archive/1993/12/how-the-world-works/305854/ https://www.theatlantic.com/magazine/archive/1993/12/how-the...
- AmpsterMan 5y agoWhat a fascinating article. Thank you for sharing!
- throwawaylinux 5y agoThat, and the industrial base lobbying to allow "free trade" and subsidize expansion into countries which have high levels of corruption, low environmental protections and worker's rights.