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View Diary: Outspoken 300 warn against austerity economics (99 comments)

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  •  The reason American private corporations (0+ / 0-)

    can't compete is because they've defined competition as a contest or conflict to the death and our public corporations are no longer willing to provide the fire power.

    Consider this.  Iraq was supposed to justify our invasion by giving us access to cheap oil--i.e. a monopoly situation, about the only way American enterprise can thrive anymore.  We can't compete because we've lost all understanding what competition (mutual striving for a goal) means.  Doing a Tonya Harding is not competition.

    The Constitution is not a menu for an exclusive diner.

    by hannah on Thu Sep 16, 2010 at 02:44:22 PM PDT

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    •  70% Of All Exports From China (0+ / 0-)

      Are from American companies doing business in China. Those companies moved to China for exactly two reasons:

      1.) To take advantage of the cheaper wage rates, lax environmental laws, wink and a nod business arrangements (read legalized bribery).

      2.) So as to set up shop in an still developing economy with a 'growing middle class' (an economy unlike the U.S.)

      How does the U.S. compete with this?

      Answer: The U.S. cannot compete with this in its current form.

      <div style="font-size:10px;text-align:center;background-color:#ffd;color:#f33">If the terriers and bariffs are torn down, this economy will grow - G. Bush

      by superscalar on Thu Sep 16, 2010 at 02:51:48 PM PDT

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      •  There is no reason to compete. (0+ / 0-)

        There is reason to regulate corporations engaged in interstate and/or international operations and require them to secure a federal charter which spells out their duties and obligations, including the obligation to provide support to the nation upon which they rely to promote their enterprise with treaties and military back-up, if needed.  In relying on individual states to charter corporations over whose operations in other states they have no jurisdiction, we have created monsters -- artificial persons which claim the rights of natural persons and satisfy none of the obligations of citizenship.  Our public corporations are strictly limited by their charters.  Our private corporations expect to be bribed to comply with the most minimal standards of civility.

        The Constitution is not a menu for an exclusive diner.

        by hannah on Thu Sep 16, 2010 at 03:13:56 PM PDT

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        •  With All Due Respect (0+ / 0-)

          Blah, blah, blah, blah ... blah.

          <div style="font-size:10px;text-align:center;background-color:#ffd;color:#f33">If the terriers and bariffs are torn down, this economy will grow - G. Bush

          by superscalar on Thu Sep 16, 2010 at 03:18:46 PM PDT

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