Comments on: Is U.S. business abandoning the middle class? http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TooEarlyToKnow http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1464 Sat, 18 Jun 2011 00:46:26 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1464 I would like to offer a more sobering comment. We Americans have always ignored the signs of imminent trouble until after it is way too, too late. Was anyone really complaining back in 2005 when practically anyone with a heart beat could “purchase” a home (the Housing Market peaked in 2007)? Or when in 1995 when Netscape held its initial IPO without a profit or a plan to make money (that began the dot-com boom and the tech bubble that crashed five years later)?

People were buying homes with nothing down and buying stocks with no “fundamentals” to support their purchases. Meanwhile wages were stagnant and we all went into larger and larger debt to maintain our “current standard of living.” We built inefficient cars (and other products) and bought foreign ones – do you know who makes your iPad (John McCain did not)?

And we will continue to scapegoat the CEOs and their corporate masters – to whom we have (through our elected representatives) given the same rights as human beings.

And we have ignored the presence of a Post-Globalization labor force with which we now have to compete. “Compete,” a seemingly new word (verb, imperative) in the American Lexicon.

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By: DisgustedReader http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1457 Tue, 14 Jun 2011 01:14:06 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1457 Americans seem to want their cake and eat it too. On one hand, corporations would love to throw millions of families into homeless shelters and foreclose on their homes. Yet it’s so popular to villify Obama for creating the home modification program, push for healthcare for all, and other middle-class building programs, blaming him for greedy self-serving banks pocketing hundreds of billions earmarked for hurting middle-class homeowners and the unemployed. You can’t have it both ways. Either support government efforts to force corporations to recognize that U.S. citizens are humans and not cattle for the slaughter, or support corporations in exterminating everyone but the elite classes. Take your stand and stop fence sitting. Are you for the American dream for everyone, or would you prefer corporate CEO’s exterminate the masses, bulldoze suburban America, and build vacation palaces with backyards the size of cities (with gardens covering thousands of square miles where pesky suburbanites once lived is little “shacks” which is single family dwelling under 10,000 square foot)?

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By: BowMtnSpirit http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1456 Mon, 13 Jun 2011 21:50:13 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1456 @Gordon2352 and all the others opining about needing to “get our manufacturing jobs back”: Folks, those jobs aren’t coming back. Ever.

This state of affairs was predicted in 1996 (and before) by the authors of “The Sovereign Individual.” The authors, William Rees-Mogg and James Dale Davidson, were eerily accurate in their prognosis.

We are all witnessing the transition of our society — our GLOBAL society — from the Industrial Age to the Information Age. Trouble is, we are in the middle of that transition, not anywhere close to the end, and it will get worse, a lot worse, before it gets better. At least for those of us still camped in America.

I see so many people talk about jobs as if they were entitlements. They’re not. None of us even have the slightest claim on life itself, let alone a comfortable existence. That frame of thinking is nothing but an insidious normalcy bias that tells folks that things will always be as they have been. That is not the way the universe works.

I’ll fight the corporate elites and the political stoolies because their actions directly harm me and people I love, and they don’t care about that. I don’t expect them to care. But I similarly do not care what discomfort they themselves feel, and neither should any of you.

Rees-Mogg and Davidson predicted, ultimately, the disintegration of national governments, and the localization and privatization of the use of force for wealth creation and wealth protection. That is occurring, though most people are blind to it. What to do about it?

Get your hind end off your thumb and MAKE your job. Do something! Don’t buy into the crap on television, refuse to be hypnotized. Learn something new, because you’ll need it. Find out how to save, how to supply yourself with food and water for an extended period of unrest, and how to protect what you have. Associate with other people who are doing the same. Avoid the distraction and stupidity of politics, because it is nothing but a red herring intended to lead the bulk of the populace astray, to keep them “occupied,” and your votes don’t count. Only wealth counts at this point in terms of the direction of national governance.

It’s a new world kiddies, and it’s going to be a heck of a ride.

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By: windman4US http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1455 Mon, 13 Jun 2011 21:16:54 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1455 As someone that is a first time “poster”, I read this article and think back to just this weekend when some folks were discussing where the U. S. middle class is. I told them (sadly) that the middle class is gone – we have moved to a “one world” economy – as the lady that wrote this article points out, the bulk of the profits COME from overseas…. so ask yourself a simple question – would you be worried about building up a 400 million ( equates to ONLY 15% of Asia’s population)person middle class (for as long as that one will sustain itself) or worry about “saving” the 40 million underemployed people/neighbors in the good Ole U. S. of A.??

How do we as true American’s first, then people that “love” their neighbors secondly change this dynamic???

Simply put, take money out of politics – (actually impossible) and do term limits on a even/odd rotating system. This way half the politicians in have experience and the other half is learning –

God love the U. S., becasue thats all we have!!!

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By: themansboss http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1453 Mon, 13 Jun 2011 21:15:34 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1453 America is now merely a shell of its former self. The size and scope of HOW “the greatest nation the earth has ever seen” was inflated and then destroyed is mind boggleing.

The old asian proverb of How do you eat an elephant? (one bite at a time) barely applies here.

The 90’s was the last chance America had to save herself, but instead of heeding the warnings about globalization of your left leaning rock-bands like Pearl Jam and RATM it was more empowering to dismiss them weak and communist. When by supporting & cheerleading the designed “overheating” of the economy YOU were actually helping the TRUE lefties and communists achieve their long term goal of draining America of her wealth and then blaming it on the weakness of her citizens.

YOU were ALL CONNED! and the sooner you wake up to this FACT the sooner we can all get around to correcting it.

Ask yourself “who do I follow?” is it your boss? your Spouse? parents? clergy? government? media? commanding officer? Chances are they, either knowingly or unknowingly, follow this top down style of leadership.

Why do all these world leaders discuss “the economy” like it is a superior being worthy of our adoration, or a demon that is scapegoated at the first sign of trouble?

Do these decisions often work-out in your favor? make you happy?

Then why are you still following them?

Its THEIR game, YOU just play it with your life.

THEY tell you what to like, YOU buy it.

THEY write the rules, YOU don’t even question them.

THEY set the fees and collect the taxes, YOU pay for it.

YOU think THEY have all the power.

THEY survive on those who think like that.

Since the dawn of mankind, the MAJORITY has always ruled.

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By: neahkahnie http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1452 Mon, 13 Jun 2011 21:00:37 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1452 When are we going to realize that big business doesn’t care a whit about America. It is concerned about it’s bottom line and if that means JOBS and customers overseas, so be it. If government won’t help and it probably can’t, then it’s up to the American worker to take back the country.

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By: FDale http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1447 Mon, 13 Jun 2011 15:21:09 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1447 I say good riddance to any company that imagines the threat of them moving out of the country means anything at all — if they leave we’ll have replacements — we have plenty of ppl ready and willing to do just that given the opportunity. I say get rid of them and let the market take over.

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By: SanCo http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1446 Mon, 13 Jun 2011 15:12:14 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1446 “where the middle class has the votes, but the business class has the money …”

Seriously, the middle class has the votes?

We vote for the people that the business class puts on the ballot, ergo, the middle class vote is a business class vote. Not only is one vote useless, but all the votes are useless in this scheme.

American voters, for the most part, are clueless.

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By: Pinky212 http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1445 Mon, 13 Jun 2011 05:28:02 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1445 U.S. business started abandoning the middle class when, back in the ’70’s, they fired Grandpa with 30 years experience at the job and hired a newly minted college grad to do the job at a lower salary. This was done in the interest of “helping the bottom line”. Then it went to investing in foreign markets, leaving the manufacturing plants here to decay from lack of modernization, again to “help the bottom line”, because it was cheaper to build over seas than to invest in the plants here. From there it went to outsourcing jobs and closing the manufacturing plants here to again (yep, you guessed it) “help the bottom line”. If these supposed smart businessmen would have had half the smarts God gave a pig, they would have realized way back then that without workers in the USA, there would be no purchasing power in the USA. But, wait, maybe they did realize it — and just didn’t care — because they could still “help the bottom line” (which is code for ‘lining their pockets’) through the employment for near slave wages of the natives in foreign countries.

My conclusion is tht they are either VERY stupid or VERY selfish. Neither is a positive trait.

Will it ever get better? I honestly don’t think so because the rich won’t give up anything to help this country. In fact, on many forums, some rich are saying they will just move over seas where they and their families can live well for generations to come because the wages are so low.

Our politicians won’t help the situation. Most of them are millionaires already. They can afford to live on their own little island in Dubai.

I’ve NEVER been pesimistic about my fellowman before, but this crisis has gone on too long for me to look at it with rose colored glasses anymore.

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By: doctorjay317 http://blogs.reuters.com/chrystia-freeland/2011/06/10/is-u-s-business-abandoning-the-middle-class/#comment-1443 Mon, 13 Jun 2011 02:42:16 +0000 http://blogs.reuters.com/chrystia-freeland/?p=1079#comment-1443 @Gordon2352
“Only by demanding pro-American, pro-labor legislative actions by our government (e.g. changing tax laws to favor US, instead of foreign, investment) will we be able to force the wealthy investors to “return” our jobs and allow this country to recover. The reason is simple. Business decisions are always made based on profits (i.e. return on investment), and only when investors realize it is no longer profitable to export US jobs will those jobs return.”

When you say pro-American, you have to realize that USA is the champion in capitalism and profits the only goal.

You said “Business decisions are always made based on profits (i.e. return on investment), and only when investors realize it is no longer profitable to export US jobs will those jobs return”.

The irony is profits are maximized when jobs are exported. All the CEO’s are not really that bright. They only need to set up factories in China or Sri Lanka to achieve high profits. The CEO’s and those working/living in the White House will ALWAYS maintain their living standards regardless of the unemployment rate.

Don’t get me wrong, all my sympathy is with you and the public. My point is once our CEO’s taste blood like Dracula did, there is no turning back. There is no alternative for them to maintain the kind of profitability after they have shifted production overseas or contract production there.

Which brings me to Apple. Do you think their share would be worth $350 and making obscene sales and profits had they not contract production to Foxconn and made it’s owner the richest man in Taiwan?

The other point is Americans are so addicted to consumerism. If Americans REALLY want their jobs back, STOP buying products made in countries where there are no unionized labor. That would put USA on level playing field and get the chance to retrieve your jobs. In reality, no one would respond to this kind of suggestion. So there goes your viable solution.

Changing the politicians mentality would be just a dream.
They are controlled by those who got USA where it is now in the first place. You think these 2 groups give a heck what happens to the middle class and below?

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