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Buy out shareholders and take it private.
Nice move and right after Continental Grain, already a private international commodity company, threw it's weight at Smithfield being it's second largest shareholder.
I guess I need to start looking into raising pigs now.
Private international commodity companies...you'll have no clue where your food is coming from in a few years.
Yea, that's really scary stuff. But, I'm not convinced the food here is much better unfortunately..
At least (I think?) here I don't have to worry about our crops being fertilized with human waste.
And they will keep the name. People will continue to think it's all US based food.
I put it right up there with "organic" from the supermarket. All those nice sounding organic brands you see in the supermarket are owned by the big Ag companies that bought them out and kept the brand name.
Am I the only one that remembers the 1980's when the Japanese were going to own the whole USA and were unstoppable?
BRIC has 3 billion people. Approximately 10 times that of the US. What's going to "peak" is the resources of this planet and it'll do so when those 3 billion people reach a standard of living about 1/4 of what Americans have and even then that'll leave almost nothing for the other 3.8 billion people on the planet.
Or, letter Q, that won't be happening exactly like that and what will be happening is the SOL for Americans and "BRIC" will decline as the other 3.8 billion people gain some wealth.
Anyways, it doesn't really matter because everything points to whatever % of the planet in population you are as a country will be the amount of resources you'll be able to use and the U.S. is 4.5% of the world's population and we currently use 25% of the world's resources.
If everyone on planet Earth had a somewhat equal standard of living that would equate out to a GDP per capita (ppp) of about $12,400/year (2012 dollars).
The GDP per capita (ppp) for the U.S. (2012 dollars) was $49,800.
At this point I guess I should insert "you aint seen nothin' yet!"
Last edited by BigJon3475; 05-29-2013 at 05:20 PM..
Keep in mind that was legislation proposed by republicans and that got 60% of so of their support from R's.
it was a true bi-partisan screwing of the American unions and manufacturing.
When your fan base is hopelessly partisan, you can get away with doing anything to them, they will rationalize it.
Despite having stated an argument where if I reply to it I'm "rationalizing," I find this really quite simple in terms of what should America have done.
Globalization is going to occur no matter what happens short of world war. Do you want to fight it out over resources now or later?
Remember that a country like China has an aging population that only leaves them a window so large to do something about resources if they can't buy them or take them over corporately.
You can't exactly have an army of 80 year olds imposing their will on the rest of the planet and losing as many aging males as possible so they can lift their one child policy looks like at least one way out of their aging population conundrum.
Anyways, we're finding out very quickly what a American "liberal" world will look like and not even American "liberals" can stand it.
IIRC - I read here that in 1960 the US auto industry used 3 million people to build 9 million cars. No they use 300,000 to produce the same number. The real job losses are not just to the Chinese but to the robots and other automated production machinery.
OP - Looks like I put Smithfield products on my do not buy list.
At this point the automation is over estimated I think. It actually creates jobs, just like computers did.
I think you mis-undersand...now China gets to sell you their infected/polluted pork products under the "Smithfield" cover brand.
China is a huge pork producer...no regulations. they will make billions selling inferior hams loaded with nitrates and presevatives for the long journey to Fat America's Holiday tables.
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