Comments on: Goldman: The rest of you should invest in America http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/ Sun, 26 Oct 2014 17:29:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: JLWR http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-305 Mon, 23 Jul 2012 15:10:07 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-305 This global corporation era is not good for any workers anywhere in the long haul. These international corporations rule governments and turn the work force into a globla feudal system which is not good for countries or for human kind. They roam the world seeking the cheapest labor and come and go as they please leaving governments with no dependable tax base. Indeed they are vampires that need to be put in their place and must be controlled. We must go back to Glass- Steagall and keep deposit banking separate from investment banking. 401ks should become obsolete and turn them into national savings account in our deposit side banking. Only those who can afford to gamble should be in investment banking. Luring the general public into it through CD’s IRA’s and 401ks is just plain deceptive and diabolical.

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By: Midnattsol http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-304 Mon, 23 Jul 2012 14:24:09 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-304 Adam Smith – You did a great service to readers here by posting your insightful comments.

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By: areddy831 http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-302 Mon, 23 Jul 2012 05:21:53 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-302 Patriotism is a scam…

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By: GLsword http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-300 Sun, 22 Jul 2012 15:10:52 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-300 The history of mankind is littered with the carnage of collectivism. Whether that be of the communist ilk where the party/union dictators control the fate of worker bees or fascist religious organizations of the cooperative kind whose board of directors only owe a duty to the God of Monetary Profit.

It -those twin evil antithesis of individual freedom and responsibility- have been the Con-gress of Pro-gress since their macro economic models came out. Ever so often times and technology combine to create r3volutions like the Gutenberg Bible (tech => printing press), US Civil War (tech => steam & mechanical power) and todays “Globilization” (tech => computers and Internet).

The Berlin Wall and collapse of the Soviet Union appeared to happen overnight. One day there was Gorbachev and then there was Yeltsin. However, just like it took 100+ years for Lincoln’s declaration freeing the slaves to come to fruition it will take decades or millenia for the watershed events in Tienanmen Square or the Arab Spring to change the course of human events.

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By: BloodSavage http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-299 Sun, 22 Jul 2012 09:48:27 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-299 U.S. GDE (Gross Domestic Equilibrium) will only be reached when the cost-of-doing-business reaches a point where the United States can compete with foreign markets. Among other variables within the cost-of-doing-business equation, the cost-of-living will be either much higher in those foreign markets or much lower in the US, on average. Yet the American free-market mindset would rather maintain the current imbalance.

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By: monoloco http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-298 Sun, 22 Jul 2012 03:26:55 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-298 so if were not a banker were SCREWED.

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By: tmc http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-297 Sat, 21 Jul 2012 19:38:42 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-297 Well DUH!!!

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By: robb1 http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-296 Sat, 21 Jul 2012 19:25:52 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-296 They simply go where the money is and where fiscal incentives are stronger.

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By: AdamSmith http://blogs.reuters.com/ben-walsh/2012/07/19/goldman-the-rest-of-you-should-invest-in-america/#comment-295 Sat, 21 Jul 2012 18:05:23 +0000 http://blogs.reuters.com/ben-walsh/?p=1024#comment-295 Good article.

And it’s not just Goldman. Any business grouping of humans sitting at a table, from tribal times to today, from small-town tiny partnerships to multinational corporations — naturally tend to say, in their meetings, “It’s us against the world.” And it is.

After all, life itself is a competitive struggle. And business is especially so.

The PROBLEM is that the populace of any given country erroneously believe that the corporations that are legally chartered in their country have Patriotic notions.

A patriotic corporation? Nothing could be further from the truth. Corporation chartered in America — like Goldman, Exxon, IBM, Apple, Intel, Google. Boeing — are legally created, by a legal document, to do what’s in the interest of their shareholders, period.

That’s why you see these American-chartered companies routinely outsourcing American jobs, selling and divulging American technology to foreign partners, selling weapons to foreign governments, importing low-wage foreign H1B Visa engineers to replace American engineers, and allowing the foreign engineers to take their newly learned skills back to their home countries to compete against America.

In short, corporations, whether American-chartered, Spanish-chartered, or Mexican-chartered, have zero patriotic notions. Patriotism is not part of the human-corporate-animal. How could we expect otherwise?

That is OK. The problem is that the common populace of each country, for example America, or Spain, or Mexico, erroneously think the “American”, or “Spanish”, or “Mexican” corporation is on their side. When in fact, the corporations, in many ways, are their worst enemies, selling them out at every opportunity.

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