rehftmann

Yeah, whatever you say, Jerry Sanders

Don Bauder: How contrary! You're drifting against the wisdom of the ages, thankfully. We're supposed to become *more* conservative with age. How long will you have to live before you turn into a hippie and give up the opera tickets for DeadHead tie dyed T? Greed is constant in capitalism. Why on earth should a company grow? It would be natural for it to mature, evolve, or even wither but investors require it to increase value faster than the carrot of inflation. Henry Ford, for all his other social misconceptions, understood that his workers needed to make enough money to become customers. Were he alive today, he might expect Foxconn workers to be able to afford iPhones. The fact that they are Chinese and not American shouldn't be a factor. The man that offered his product in black, period, would be appalled at the typical American garage which is filled with hoarded bargains made for wages and under conditions no American would tolerate for a single day. There's no room in that garage for their "domestic" car, maybe a Ford, which made of materials and parts, investments, assemblies, and administrative services from around globe. The international trade balance seen at that level of detail and scope of accounting becomes as complex as forecasting the weather for next month. Talking about it doesn't get closer to the truth. How else can we explain a world wide major recession that caught everybody by surprise. Almost everybody. Enough people that it could occur, certainly. It wasn't the weather, after all, it was a man-made global disaster. Ride the Tiger (reference to Jefferson Starship lyrics, not opera, but heavy, man).
— April 15, 2016 8:27 p.m.

Yeah, whatever you say, Jerry Sanders

Exchange rates paint with the largest brush. It's not international balance of trade, it's about making a living here. Those "big" companies you named don't add up to one Convair or the aggregate of all the sole proprietor businesses that get displaced by big box and online businesses. San Diego's economy always stood on one leg, the Navy. We don't have our share of Fortune 500 or major manufacturing business, so it isn't just balance of trade that's making it tough to make a living here. Beyond quantity of jobs is the quality. Q is hardly the poster child for benevolent HR practices, given its propensity for finding ways to keep employees on tenterhooks with stock deals instead of job security, out sourcing in house, and drop kicking 1500 employees while the big guys accept big bonuses. Hardly a worker's paradise. HP has over a thousand workers on a beautiful campus in Rancho Bernardo, but I'd hate to bet the mortgage on the stability of that company. Jack in the Box is another home grown success but compare their business model with the tuna fleet. (Compare the cultural and health value of the food product too.) Make the comparison easy: Compare Jack, the putative CEO, with any tuna fisherman you ever met. Things just ain't the way they used to be. It's the effect of capitalist values above labor values. The international fungibility of capital and corporate veil tilt opportunity in favor of them that got. The balance isn't between China and US, its between owners and workers. As you say, corporations' constituency are purposely limited to stock holders, which is to say a disembodied pool of owners whose loyalty is to themselves and not the business, its workers, or customers.
— April 14, 2016 5:43 p.m.

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