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The stagnation isn't happening in all countries.
GM is building 5 new plants in China and spending $12 billion so they are spending their money.
Aren't ya glad we bailed them out and took the loss for them ?
This is the new business model.
It use to be post WW2 that a business built a factory overseas to SELL product into the local market. Since the 80's, businesses increasingly build a factory overseas and IMPORT the product back into the USA.
Can we look forward to the Japanese auto companies to shut down their American plants and build elsewhere and follow the example of GM?
Actually, their right. American Businesses are greedier then ever. I grew up in America where a man knew that he could live just as well with 250 million dollar as he could with 500 million. Today, that man is hoarding it, because America has become the land of greed. I got mine. ********* if there none left for you.
Wal-mart is a prime example of this. I've worked at Waltons-era Walmart. It was still a slave shop, but it at least had soul. We met Sam Walton personally at one of his shops. He wasn't likeable, but I'd take him any day over one of his greedy kids. I've never worked in the new Walmarts, but seeing how they treat their employees, I'll never shop there.
Explain to me how someone hoards $500m?
To my knowledge, they put that money in the bank, the stock market, which then gets reinvested out into society..
Please explain to me this new found method of hoarding money and not putting it back out into society.
When auto workers in Detroit are effectively getting paid 40 dollars an hour, and cars cost 30,000 to buy a decent one, yeah, I don't mind them lowering their cost if its passed on to me as a consumer.
I am not in favor of trying to save manufacturing jobs from going overseas. I feel that automation will take most of those jobs, so what do I care if they are in China? The jobs of the future will be engineering, technical, food production, or service industry.
In the dawn of the microcomputer age, there were pundits who said with a straight face that we should export all those "dirty"' jobs offshore, and retrain all those steel workers and auto workers to be computer programmers.
When auto workers in Detroit are effectively getting paid 40 dollars an hour, and cars cost 30,000 to buy a decent one, yeah, I don't mind them lowering their cost if its passed on to me as a consumer.
I am not in favor of trying to save manufacturing jobs from going overseas. I feel that automation will take most of those jobs, so what do I care if they are in China? The jobs of the future will be engineering, technical, food production, or service industry.
LOL..yeah just hold your breath that GM is going to "lower" the cost of cars in the US.
It use to be post WW2 that a business built a factory overseas to SELL product into the local market. Since the 80's, businesses increasingly build a factory overseas and IMPORT the product back into the USA.
Can we look forward to the Japanese auto companies to shut down their American plants and build elsewhere and follow the example of GM?
In the case of Japan it was just the opposite. Toyotas and Hondas used to be too expensive when imported.
Remember that ?
Actually, you got what I mostly meant. The only exception is that the CEO class often goes on capital strike more often with Democrats is because they want to put a damper on the Democrats so they don't get too uppity in enacting reforms and policies that matter more to the non-CEO class among us.
That's part of it, for the CEO class, sure. I was speaking in terms of the broader base of the "business environment" as a national entity. That entity hates uncertainty, and Democrat politicians excel at gold medal levels where creation of uncertainty is concerned.
The CEO class strongarms both parties as you say, but yeah, they do it to Democrats more often because Democrats talk tougher about attacking the CEO class in the name of the unwashed masses. Obama is seeing a bigger capital strike than normal because he's so unrepentant about his attacks on the corporate class. You cannot excoriate people every time you get in front of a microphone and not expect them to defend themselves with what resources and tactics they are good at.
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