|
Mega companies seem no longer to be American. They are international companies now. The parent company might be US, based in US, but look at the major stock holders. The age of globalization is on us. If the invisible hand doesn't care about American workers, it certainly cares about our technology and innovation. This in turn will create other types of jobs in a continually evolving marketplace. Americans are bold and innovative. That is something that can not be contracted out to a foreign entity. There might be tough times for American workers in fields that are cheaper to produce outside, but the invisible hand suggests that when things balance out it will be good for all.
The culture of corporate greed, Enron, MCI...etc. worries me more. These CEO's make ungodly amounts of money, then oftentimes get mega bonuses for making deals that are part of their job in the first place.
Another thing that I see as despicable are US companies based in the Bahamas so they do not have to pay our government taxes.
My .02 I hope I didn't miss the party.
Mark
|