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Generally, yes. Though there is a qualifier with that - What is good for business in general, in America, is good for America. That may not be the same thing as what's good for a particular business or company.
When the business community in general is thriving, unemployment is low and wages rise. When the business community is struggling, the opposite is true.
As businesses become more profitable and new businesses are started the tax base grows, allowing for more spending.
That used to be true. Now 'American' businesses are thriving by paying low wages to foreign workers. They are not really 'American' businesses any longer, but international. The country is hurting because of this. Politicians rely on money from these businesses to pay for their re-election campaigns, so they just cave to the demands of business. Things will only get progressively worse for this country until we do something about this.
Your argument makes no sense. You're complaining that the economy has tanked due to poor policies, but make no effort to stop and consider what the economy actually is.
I like wikipedia's definition - it's pretty concise:
An economy consists of the economic system of a country or other area, the labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area.
That is, the economy consists of resources and businesses.
We can hardly blame the slowdown on resources, as there doesn't appear to be shortages and the policies in question haven't forced companies to stop extracting or using them. It would stand to reason then, that the slowdown is caused by businesses struggling.
So, assuming that the policies in question have been the catalyst for the slowdown, it would be fair to say that they have, in fact, not been good for business at all.
It may also be fair to say the type of policies that benefit the ".001% manipulating the game for obscene profit", are not good for business as a whole, either, if you're correct in asserting that they have been responsible for the economic slowdown.
Morals and humanity are more important than revenue and profits
To a certain extent the op statement has been considered true in many countries, though. Thus there are all those weapons manufacturers benefiting from the death of others. It's a statement that epitomizes the screwed priorities of a given society.
Location: Finally escaped The People's Republic of California
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Use to be, but not anymore as American Bussiness is all about greed, record profits while taking away employee benifits. Look at how many companies now have a defined pension plan compared to the 70's, now they tell you they have a pension plan its a 401K that you put money into. If your lucky they might match you at 2%.....Meanwhile Corporate managment rakes in record salaries.... We are watching the destruction of the middle class....
That used to be true. Now 'American' businesses are thriving by paying low wages to foreign workers. They are not really 'American' businesses any longer, but international. The country is hurting because of this. Politicians rely on money from these businesses to pay for their re-election campaigns, so they just cave to the demands of business. Things will only get progressively worse for this country until we do something about this.
There's more rhetoric than reality to the outsourcing debate. Americans aren't the only ones outsourcing jobs to other countries, and, in fact, the US has had more jobs created than lost.
And, while political donations from large firms are certainly an issue, your argument doesn't take small businesses into account at all, which still employ about half of all workers in the country.
Quote:
Originally Posted by goldengrain
Wha, the . . . ?
The other poster argued that some "business friendly" decisions had caused the economy to tank, which doesn't make any sense, as businesses are the economy, more or less.
In Europe the governments tend to protect the citizens more. There are more social safety nets and if a business wants to sell products there they are often required to invest in the country in various ways or pay higher taxes or employ so many people.
It is from the stuff novels are made of that our reality seems to be forming. I can easily see jobs being so difficult to get that a citizen's first loyalty in the future may be to the corporation and no longer to his country. We are morphing into that. It may be inevitable, but I wish it would slow down so people could adjust. So many are hurting in this country and I fear it will be primarily a downward trajectory for far into the future. It is also scary that China, with her lousy attitude towards public safety and health and freedom and pollution; is in the ascendancy whilst we are deteriorating from within.
In Europe the governments tend to protect the citizens more. There are more social safety nets and if a business wants to sell products there they are often required to invest in the country in various ways or pay higher taxes or employ so many people.
It is from the stuff novels are made of that our reality seems to be forming. I can easily see jobs being so difficult to get that a citizen's first loyalty in the future may be to the corporation and no longer to his country. We are morphing into that. It may be inevitable, but I wish it would slow down so people could adjust. So many are hurting in this country and I fear it will be primarily a downward trajectory for far into the future. It is also scary that China, with her lousy attitude towards public safety and health and freedom and pollution; is in the ascendancy whilst we are deteriorating from within.
A sad commentary but true. Unfortunately this is a side effect of the "Global economy". U.S. workers are slowly being merged into the new "global" labor pool.
Businesses are faced with tough decisions, change how they compensate their employees or lose the war against the global competition who don't pay a premium to keep its employees whole as costs go up.
What is a company to do if they have 50-60% of its gross revenues allocated to payroll and a global competitor is spending 5%? They either change quickly or go out of business. There is no third option.
Aside from a few bloated industries such as drug and oil, businesses in the US are struggling to compete. It's fashionable to point a condemning finger at Wall street and CEO compensation, but it's a nit when compared with the real cause of our problems.
I don't know how to put the toothpaste back in the tube. We had a good run of each generations being more prosperous than the prior. The middle class will continue to decline, it will be a tough go but somewhere down the line we'll hit our low water mark and continue to move on.
As to the original question of this post, you bet what's good for business is good for America. When businesses struggle, we all pay the price.
Life is for living. We have no purpose or reason for being, despite religious claims to the contrary. If we want to have a reason to be, we have to make one.
So why on God's green earth (Or on Darwin's dusty textbooks ) did we choose money and luxury as our motivation?! There are so many other things we could be doing besides chasing dollar bills.
Yes we need business, but having business dominate our lives and country in general is retarded and a waste of sentience.
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) did we choose money and luxury as our motivation?! There are so many other things we could be doing besides chasing dollar bills.
