Comments on: How a place like Brazil can be a job creator for the U.S. http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/ Fri, 31 Jul 2015 03:37:49 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Anonymous http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2070 Mon, 08 Oct 2012 14:22:58 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2070 It seems as though only 1 out of the 7 people above paid attention in Eco 101 (freedom of enterprise, freedom of choice, competition, self-interest, profit motive, globalization, free markets) resources being reallocated in order to maximize efficiency.

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By: LysanderTucker http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2050 Thu, 04 Oct 2012 19:24:50 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2050 “Cities and towns across northeastern Brazil competed to be the site of the new Kraft plant. Each offered larger and larger concessions to the company. In the end, the town gave Kraft the land for the factory for free, and the state gave the company a 90 percent tax break. Kraft, like other multinationals, is a big winner in globalization as well.”

How does this not prove that the rich get richer and the poor get poorer? These so called American Companies are not patriotic, nor do they care about American employment. It’s profit without nationality. These companies will “only bring jobs back” to the US if you can compete with what Brazil offers, i.e, cheap labor and little to no taxes. Lets revisit this story when those tax credits expire and see if good old Kraft is still there or we see a new article entitled “How a place like Zimbabwe can be a job creator for Brazil”.

The simple fact is that the US is turning into the corporate headquarters of the world. US laborers are done for. I wonder if Kraft of Brazil’s tax information is figured in to the American tax % the company supposedly pays.

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By: Gordon2352 http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2049 Thu, 04 Oct 2012 18:26:17 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2049 I was struck by this particular piece of BS in an article filled to the brim with it:

(1) “it was clear that the globalized economy at work here is not a zero-sum game”. You are correct in stating the global economy is not a zero-sum game, because the US economy is currently TRILLIONS of dollars in debt to these countries you mentioned. How can that possibly be a zero-sum game? Globalization sounds more like a Ponzi scheme to me, where there are only a few winners and lots of losers.

(2) “There are opportunities for Americans as well.” This truly boggles my mind. I suppose, if you consider “Americans” to be only the 1% who are draining the US economy to increase their own wealth at the expense of the 99%, it could be a correct claim.
Apparently, Kraft thinks so.

Or are you saying that the much-vaunted mobility of what used to be the “real” American workforce (i.e. those not feeding off the carcass of the US economy, like wealthy bankers and their privileged investors), but the American middle class, or what is left of it, should show some ambition for a change and move down to Brazil (or China or India) and find new jobs?

Would the US government with its push for “retraining” as the only solution to US unemployment be willing to retrain workers to prepare them to work in the third world countries? Probably not.

On the other hand, why move to a third world country when the US is about to become one quite soon — thanks mainly to people like you.

The real “job creator for the US” economy is the COMPLETE REVERSAL OF THE FREE TRADE AND TAX POLICIES FOR THE PAST 30+ YEARS THAT HAVE ALLOWED THE US WEALTHY CLASS TO BECOME EVEN RICHER AT THE EXPENSE OF EVERYONE ELSE IN THE US.

Would you really call these people “Americans”?

I would call them a lot of other things (which cannot be put into my comment without it being censored), but they are NOT “Americans”.

Unless and until the 99% realize what the problem with the US economy really is — let me give you a subtle hint, “it’s the wealthy, stupid”.

And, most importantly, are willing to do something about it, our economic problems will worsen exponentially (e.g. we’re already down to “printing money” to survive and NONE of the 99% seem to think anything is wrong with that), the US economy will soon collapse into another Great Depression (probably worse, since as a nation we are a whole lot less independent than we were in the 1930s).

The most frightening thing for me was to realize the wealthy class (and their “puppet” government) thinks the American people are too stupid to understand what is really going on.

Even more frightening than that for me was to realize that they are absolutely correct.

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By: successinameric http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2048 Thu, 04 Oct 2012 18:05:07 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2048 I found this article very interesting, and do not share the same sentiments as previous comments.

The author is right. He doesn’t forget that business is competative, or that companies are out to make a profit. That’s the point he’s making: American companies need to invest in Brazil otherwise they’ll lose out on the opportunity to other firms. If American businesses want to stay competative in the global economy, they need to continue to grow and expand into emerging markets.

The above responses fail to grasp that the growth of companies abroad, especially of American companies, is a good thing. The growth of Brazil benefits Americans as well.

As more companies expand into Brazil and create jobs there, more Brazilians can afford to travel to the U.S. and spend money here. And look at the numbers now: Brazilians spend more money in the U.S. than visitors from any other nation. In 2010, Brazilians spent $5.9 billion dollars in the United States.

Think about that.

The growth of Brazil’s middle class leads to more American jobs as new homes, stores, restaurants, and hotels are being constructed to accomodate the expanding number of tourists. This not only creates “average person” jobs (whatever that means DMW1111) like construction jobs, architects, engineers, bankers, lawyers, chefs, hotel managers – but it also creates a positive feedback loop.

Now, these people who make their living off Brazilian tourism can send their kids to college, buy more things they want to, and grow their companies (eventually expanding overseas) – thereby starting the cycle all over again.

So please don’t be closed minded and live in the past. Don’t try to hold on to the couple hundred manufacturing jobs you’ll lose when Kraft builds a plant overseas. They are probably low-wage jobs you don’t want anyway. Instead, understand that when American companies expand into emerging markets such as Brazil, this will result in more job growth in the U.S. down the road – for the “average American.”

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By: DMW1111 http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2045 Thu, 04 Oct 2012 13:03:27 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2045 Both comments above are excellent. I am so glad people are at last waking up to what unfettered capitalism means for the average person (ie. not a senior exec or a shareholder). Contrary to decades of received wisdom it means you are going to get paid less and less, with less job security, less health cover and less pension provision. Corprotes are awash with money, and so are those that run them. That money comes from ripping off employees and consumers.

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By: AdamSmith http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2040 Thu, 04 Oct 2012 05:58:23 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2040 The author seems to forget that business is a jungle.

When a few business owners sit down at a kitchen table, anywhere in the world, whether they are owners of a mom-and-pop local real estate investment, or owners of a giant investment pool, the use their rational minds to figure out how to win the serious game of business for their own selfish interests, as investors.

And how could it be any other way? Life is a jungle, and business especially so.

They do not try to figure out how to help their country, but rather how to increase their own profits, and, indeed, survive. How could it be otherwise?

The European multinational companies the author of this article is so in awe of are not investing in Brazil to help European workers. In fact, it’s just the opposite. Their investment in Brazilian manufacturing directly harms European workers.

Corporate charters are the same in every town and every city the world over. They all say that this particular venture is for the benefit of the shareholders, and nobody else. America and England didn’t invent that idea. Just read Thucydides or any ancient Greek or Roman historian.

Multinational companies, no matter where they are legally based, from a legal and business perspective, have zero patriotic motives. That’s why so many American-based multinational corporations have sent so many of their manufacturing facilities overseas. That’s why they lobby for free trade, which directly destroys the American middle class, but yields the corporations huge profits.

The author of this article seems almost totally uneducated in the ways of business. Why would he write such an article?

And the headline, “How a place like Brazil could be a job creator for Americans,” is preposterous.

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By: Freedom4A http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2037 Thu, 04 Oct 2012 00:41:28 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2037 I read your article. At the end, I dont know how Kraft investment in Brazil creates jobs in America as the Article title said. In fact, at the conclusion, you mentioned the split of Kraft to capitalize on the growing market by shipping manufacturing there would produce more profits for the company and their investors at the expense of 1600 jobs lost. Seem like an old story with well-known result.

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By: saciperere http://blogs.reuters.com/david-rohde/2012/10/03/how-a-place-like-brazil-can-be-a-job-creator-for-the-u-s/#comment-2036 Wed, 03 Oct 2012 23:13:31 +0000 http://blogs.reuters.com/david-rohde/?p=1233#comment-2036 What a shame Kraft will only produce sweet MUCK, unhealthy fastfoods.

As a national I believe people will stick to their roots and prefer local produce, made of manioc, rice or maize.

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