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Companies that dominated their sector, got fat and lazy, and then were disrupted by foreign competition.
by treis 4y ago
Companies that dominated their sector, got fat and lazy, and then were disrupted by foreign competition.
- AndrewKemendo 4y agoAt this point I think it's clear to say this is not correct. In fact the capital class lobbied hard for China being admitted to the WTO pushed hardest by Kissinger, NAFTA [1] and other legislation and restructuring to make offshoring easier in order to suppress both wages and labor power. This was Ross Perot's entire platform [2]: “You implement that NAFTA, the Mexican trade agreement, where they pay people a dollar an hour, have no health care, no retirement, no pollution controls,” Perot said during the second presidential debate in October 1992, “and you’re going to hear a giant sucking sound of jobs being pulled out of this country.”" [1] https://www.nytimes.com/roomfordebate/2013/11/24/what-weve-learned-from-nafta/nafta-lowered-wages-as-it-was-supposed-to-do https://www.nytimes.com/roomfordebate/2013/11/24/what-weve-l... [2] https://theconversation.com/the-giant-sucking-sound-of-nafta-ross-perot-was-ridiculed-as-alarmist-in-1992-but-his-warning-turned-out-to-be-prescient-120258 https://theconversation.com/the-giant-sucking-sound-of-nafta...
- treis 4y agoThe car companies were crushed by the Japanese decades before NAFTA.
- spacemadness 4y agoIt’s interesting that you seem to think that’s a fault of labor and not a fault of management. There are folks on here that go straight to blaming the workers as if management can do no wrong as they themselves are presumably part of the management class or aim to be. You can have workers push for better treatment without pointing to threats of foreign competition to stop progress.