Out of Business From Recession in OC (Tracy: crimes, compensation)

[Morphous01]

Originally Posted by antibes

China is booming. It's already a superpower. The Chinese are very hard workers and disciplined, strangled by government oppression. There is no doubt they will blow everyone away with their growth and resilience.

I was stunned at how much local manufacturing, not only in the U.S. but everywhere, is now being given to China instead. Just mind-boggling. And all of it correlates to the gradual decline of our own economy both in the U.S. and Europe.
But my question is, when a country has so many human rights violations that they've lost count themselves, why are we helping to make them richer and stronger? Shouldn't they first reform basic human rights? I find it very wrong to support China's economy too much. And the poor who work in these sweatshop factories don't have improved conditions or better salaries from all this international business. They still work for the same pittance salary under inhumane conditions. True, they at least have a job and don't starve, but they are still exploited. Only the owners and our corporations reap benefits from the profits margin from all these cheap goods while it kills jobs here and in Europe.

Geez, you sure know a lot! Really, now if only the rest of the U.S citizens new this info... Hmmmm, I wonder if they would even care; after all, as long as they can buy there 100$ Nikes they won't protest.

Anyhow along the lines of what you said I'm reading and I recommend every person read a book called Factory Girls. More or less, It's a inside view of the lives of these females who work in China manufacturing plants...

http://www.tantor.com/BookImage/1045_FactoryGirls_D.jpg

[Charles]

Originally Posted by Morphous01

Geez, you sure know a lot! Really, now if only the rest of the U.S citizens new this info... Hmmmm, I wonder if they would even care; after all, as long as they can buy there 100$ Nikes they won't protest.

Anyhow along the lines of what you said I'm reading and I recommend every person read a book called Factory Girls. More or less, It's a inside view of the lives of these females who work in China manufacturing plants...

http://www.tantor.com/BookImage/1045_FactoryGirls_D.jpg

I remember taking a business ethics class back in the mid 1990s and there was some blurb in the book about one year (not sure which, perhaps the early 1990s or late 1980s), Michael Jordan made more money advertising Nikes than all the people combined who manufactured them.

[Morphous01]

Originally Posted by Charles

I remember taking a business ethics class back in the mid 1990s and there was some blurb in the book about one year (not sure which, perhaps the early 1990s or late 1980s), Michael Jordan made more money advertising Nikes than all the people combined who manufactured them.

[brianguy]

Originally Posted by Morphous01

I'm not replying just because I can or because I want to be right but because I want you people to understand the logic of all of this....


This hole Idea that its the peoples fault is just a media blitz to place blame on anybody else but the U.S Gov. This whole situation could have been avoided; had there been strict laws set up; people would not have been able to buy a house they could not afford..

yes you're right, and Congress is as much (or more, arguably) to blame for this as the actual lenders for encouraging / requiring the lending to unqualified boobs, or for more than the borrower could afford, and in many case worse (outright fraud). but the fact is the banks wrote these bad loans and took them at face value. then these toxic assets were traded all over the place and infected the balance sheets of all these giant "too big to fail" companies, which once again Congress allowed.

bottom line everyone is to blame, except those of us not involved in the housing market at all. which is the real pisser, because in CA that's like half the people, many of whom either are the have-nots or the most fiscally responsible.

[brianguy]

Originally Posted by Morphous01

it's really not that shocking once you hear how much they make per day. it varies, especially if you go back a decade. but in these factories it's generally much less than $1

the same with computer keyboards (did you know almost all, regardless of brand, Dell, IBM(Lenovo), HP, Microsoft are made in the very same factory? there was a good writeup somewhere on the web but I don't have the time to find at the moment). I suppose Logitech or Apple are the only major ones not made at this particular place, but I'm sure their conditions are roughly the same where they're produced.

[Morphous01]

Originally Posted by brianguy

it's really not that shocking once you hear how much they make per day. it varies, especially if you go back a decade. but in these factories it's generally much less than $1

the same with computer keyboards (did you know almost all, regardless of brand, Dell, IBM(Lenovo), HP, Microsoft are made in the very same factory? there was a good writeup somewhere on the web but I don't have the time to find at the moment). I suppose Logitech or Apple are the only major ones not made at this particular place, but I'm sure their conditions are roughly the same where they're produced.

Yes I know what company that you are talking about but I just cant think of it right now!

[Morphous01]

Originally Posted by brianguy

yes you're right, and Congress is as much (or more, arguably) to blame for this as the actual lenders for encouraging / requiring the lending to unqualified boobs, or for more than the borrower could afford, and in many case worse (outright fraud). but the fact is the banks wrote these bad loans and took them at face value. then these toxic assets were traded all over the place and infected the balance sheets of all these giant "too big to fail" companies, which once again Congress allowed.

bottom line everyone is to blame, except those of us not involved in the housing market at all. which is the real pisser, because in CA that's like half the people, many of whom either are the have-nots or the most fiscally responsible.

[Wing Feathers]

Originally Posted by antibes

People, George W. Bush has sold you out. The man should be shot!

Let me get this straight, you want a President killed?

[buckeyenative01]

The more I read and hear about the goings-on during the Bush Administration, especially the last year and a half or so, the more I'm convinced he was a puppet surrounded by evil people. Shrub himself might not be bright, but it sounds like Cheney was running the show until it was too late. When he finally tried to gain some control, Cheney got p*ssed...

Bush seems more Charles Bovary than Hitler/Stalin/Mussolini.

[Wing Feathers]

Originally Posted by buckeyenative01

The more I read and hear about the goings-on during the Bush Administration, especially the last year and a half or so, the more I'm convinced he was a puppet surrounded by evil people. Shrub himself might not be bright, but it sounds like Cheney was running the show until it was too late. When he finally tried to gain some control, Cheney got p*ssed...

Bush seems more Charles Bovary than Hitler/Stalin/Mussolini.

That would explain why Puppet Obama is here to seal the deal