dslreports logo
    All Forums Hot Topics Gallery


how-to block ads

Search Topic:
share rss forum feed

Mr Gradenko

·Embarq Now Centu..

1 recommendation

reply to wxboss

Re: Sign of the times :(

There is some amount of irony here.

The corporations who outsourced jobs and production in a race for cheap labor (race to the bottom, it's called) are now watching the natural effects of their effort: consumers without disposable income aren't reaching into their pockets around the world and lo and behold the layoffs begin and the corporations go crying to govt for bailouts because their demise will mean our demise. Well, logic -- and Darwin -- would argue that if they're too big to fall then they're too big to exist.

Economists like Bill Greider, who predicted this mess a decade ago, now don't look so much like commies, do they?

This is one time when I agree with the status quo: we must destroy the village to save it.