Sunday, January 22, 2012

From Today's Papers, Part 2
of note:
1) Asia now has a better infrastructure than the US. Not nimble enough.
2) the nation has stopped training (educating) people so that they can fill mid-level positions.
3) Government subsidies do create jobs.
4) Labor is super cheap and there are no such things as 8-hour days or weekends.
5) the difference in the cost of a complete computer made in the US was $22 dollars, as opposed to $4.85 cents.

So let me get this straight. I know that many Regressives did not want the US government to bail out the car industry because government can't help create jobs. Yet, it has been shown overseas that this is patently the case. Education sucks in this country partially because property values have fallen. This was caused by derivative trading failures and banks betting on failures and companies like Standard and Poor's giving great credit ratings to mortgages that cannot be paid. The second aspect to this is that governments have lowered financial support to education. and one other item I want to speak to--With union workers, in the US with complete benefits the difference for a complete computer is $18. that's right, $18. What were Macs selling for around that time? $1500. Compute the profit margin, folks.

How much profit does a company need to take to a Board? It is the fiduciary responsibility of officers of a company to make money for the investors. That is capitalism. The cancerous part of capitalism is "How Much?"
and how many lives are affected.
When I was taking business courses for my MBA, only one professor asked that.

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