To me it sounds just like he framed what happened in the IT industry in most corporations from 2001 onwards in a 'IBM is evil' manner. Dotcom happened, bombed,

To me it sounds just like he framed what happened in the IT industry in most corporations from 2001 onwards in a 'IBM is evil' manner. Dotcom happened, bombed, local skills got paid less while jobs got shipped offshore or automated away. The post about H1-B visas that he mentions, appears to be what most large corporations do with L1 visas, and that's probably what IBM was doing too.