Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts

Thursday, January 29, 2009

How to compete with the slave labor countries

Unless you never read the parts of the periodicals and view the programs on tv that deal with the socio-economic problems of the times, you know that a major factor crippling American families is the growth of corporate "outsourcing" of jobs to countries where the current era equivalent of slave labor exists. That factor has resulted in job layoffs for millions of Americans. How do you stop it? One way is to slap taxes on any goods and services emanating from the countries where there is slave labor. But I have a better idea: cooperatives run by the members of them in partnership with the U.S. Government. They could be established as non-profit. There would be no stocks, hence no triple tiering of profits that characterizes the corporate structure. The cost of goods and services obtained from such cooperatives could be kept low enough to compete with those emanating from the slave labor-using countries. It is worth a try, no?

Friday, November 7, 2008

Wealthy investors will gain from the 'crisis'

Here we go again. Every time a financial "crisis" is created and small investors panic, wealthy investors reap a fortune by buying the shares that are dumped onto the market by everyone who is not rich and is fearful of losing too much money by holding on.The wealthy can afford to take the chance that the market will be rebound and the shares they bought at bargain basement prices eventually will be worth much more.

If you are thinking to yourself that it is not a chance that the wealthy take, but rather a situation which they generated for the purpose of being able to buy cheap stock, know that your thinking is shared by many individuals on the basis of past history. I reached the same conclusion as to past financial downturns, but not as to this one. In any event, it makes no difference whether or not the present "crisis" was deliberately generated. The end result will be the same: the rich will get richer, and the less than rich will become still less rich. That is the dance.