After destroying the US middle class, how will US corporations survive?

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  • Tue, Jan 25, 2011 - 02:41pm

    #21
    Peak Prosperity Admin

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    Re: After destroying the US middle class, how will US …

[quote=darbikrash]

 This may surprise you, but I am not particularly enamored of the way our government is handling these issues, regulatory or otherwise. I think the fiscal policies are irresponsible and I do not advocate a position that government knows best, especially a government captured by corporatist interests.

However, the notion that this “large, complex system” is better left to natural market forces to resolve the structural abominations of capitalism is an even worse idea. I’d guess I’d feel a little more inclined to take this discussion more seriously if there was even a tacit acknowledgement that maybe, just maybe, that there a few (OK maybe a lot) of things that free markets cannot provide for. But this reflexive blame game that regulation is the cause of all that ails us is just more monochromatic prattle that it is all the “gubmint”.

[/quote]

and

[quote=darbikrash]

Take a gander at the massive profits being posted by the large multi-nationals that participate in these large scale offshore schemes, and make your own call as to which side of this specious argument you want to be on.

[/quote]

++!,000,000,000,000 great points.

The title of the post and certain views expressed smack of someone suffering from Stockholm syndrome. The very entities, mega corporations, leading the charge for the destruction of an ecosystem able to sustain human habitation and any semblance of a vital middle class are given top concern. They need us; we need them. It just goes to show how perverse and a**backwards the situation is. It’s simply given as the natural order of things. 

 

  • Tue, Jan 25, 2011 - 07:56pm

    #22
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    Re: After destroying the US middle class, how will US …

“After destroying the middle class, how will US corporations survive”?

They will survive or perish the same way big and small business survive —— Sales to their true master —- the customer.  

  • Tue, Jan 25, 2011 - 08:03pm

    #23
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    Re: After destroying the US middle class, how will US …

[quote=Carl Veritas]

“After destroying the middle class, how will US corporations survive”?

They will survive or perish the same way big and small business survive —— Sales to their true master —- the customer.  

[/quote]

Yes, resistance is futile…we must submit

  • Tue, Jan 25, 2011 - 08:12pm

    #24
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    Re: After destroying the US middle class, how will US …

Off topic here, but this video illustrates how much of a “Borg” Palin is:

  • Wed, Jan 26, 2011 - 12:22am

    #25
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    Re: After destroying the US middle class, how will US …

Thanks again everyone for the replies.  They were all good.  I can’t comment on all of them but here are some things that struck me.

 

[quote=Johnny Oxygen]

Corporations now run the world. They will cycle through cheap labor sources throughout the world moving from one to the other. As those countries economies expand and labor become more expensive then they move to the next one. Government don’t matter any longer which means the will of the people don’t matter any longer. All that matters is that global companies become larger and try to beat each other out which means in the end only a handful of mega corporations control the world economy and thus the worlds governments.

[/quote]

That does seem to be where we are headed Johnny.

[quote=xraymike79]

John Perkins coined the phrase “corporatocracy” in his book Confessions of an Economic Hit Man.

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The link and videos were very interesting Xray.  As an insider, Perkins’ story carries weight.  Interesting point you made later about Stockholm Syndrome.  Believe me it is not the corporations welfare I’m worried about, but ours.

Pops – I think you have a good handle on why Americans have been so passive about this.

[quote=SteveW]

I’m old enough to remember the 50’s when the social commentators told us that in the future much of labour would be performed by robots and we would therefore be able to lead a more luxurious life spending less time working and have more time for leisure and pursuit of the arts.

So what went wrong?

IMHO I don’t believe that the problem lies in globalization per se, but in the way that it has been developed.  <snip>  I understand that in some ways corporations can’t help themselves since they are mandated by law to maximize their bottom line, at the risk of shareholder suits, but this gives rise to short sighted thinking. This is capitalism, as it exists today, in its final stages of moving to global dominance.

[/quote]

I remember that vision too Steve.  Remember how we used to worry about mindless robots taking over the world?  Have the corporations become virtual robots?

Sevenmmm – Tainter has been on my reading list.  Thanks for the videos.

Rhare and Darbikrash – Interesting debate and well done.

Travlin 

  • Wed, Jan 26, 2011 - 01:42am

    #26
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    Re: After destroying the US middle class, how will US …

Further thoughts after reading your responses

I asked how US corporations would survive with the US domestic market severely declining due to job and wage destruction.

*   The system that allowed 5% of the world’s population to consume 25% of its resources is now devouring the country that practiced it most successfully.  As Xray put it — Predatory Capitalism. How does it feel?

*   It is clearer to me now that the mega-corporations have allegiance to no nation, despite their country of origin.  They are not US corporations.

*   They may not even have a plan for survival, in a group sense, in the face of declining markets in the US, Japan, Europe, etc.  They may be so consumed by the blind imperative to “grow” and eliminate competitors, that they are largely ignoring the long term implications.  Or in their eyes survival may amount to being “the last man standing”.

*  I am still very skeptical of the idea that the markets of emerging nations will be able to make up for the decline of older markets.  I’m not skillful enough to find and analyze the data for this, and the data would be questionable, but if someone has information I’d like to see it.  I did read that GM sold more cars in China than the US last year, but not how that compared to their past US sales peak.

*   If emerging markets can’t pick up the slack in demand the mega-corporations will be employing even fewer people world-wide.  This will be another hit to the fragile global financial system and economy.

Your thoughts are welcome.

Travlin 

  • Mon, Nov 17, 2014 - 04:22pm

    #27
    nauthizjane

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    Is there an agenda to destroy the Middle Class

What happens when there is no middle class in America? We become a socialist state like Cuba and Venzuela,  dependent on what the elitist parasites of government give us from the revenue collected from our hard work. "From each according to his ability, to each according to his need" and the need of our elite overlords will increase with their greed and lust for power. That is what happens if we allow the powers that be to do this to us. That is what the  "We Know Best Crowd" and the Obama's of this world believe.  Regulations and taxes are made to burden our employers. They move overseas or they reduce employee benefits and hours to survive.  This increases our dependence on government welfare, whether it is subsidized healthcare,unemployment,EBT cards or food stamps. So, what do we do to stop this anti American agenda by the elite socialists in our nation?

First we remove the government revenue collection from Washington and we replace it with a consumption tax on all goods and services, including exports.  Everyone pays to support our government–all citizens, all immigrants, foreign students, visitors and foreign consumers. Consumer prices decrease and the tax is absorbed and not noticed. We also lower the business and corporate tax substantially and we do not tax investment monies that create jobs, build infrastructure, go towards research and innovation.   Next we reform and simplify our regulations and make them business friendly and consumer protecting. Our government uses compliance fees as a revenue collector. The big guys can pay, but the small businesses just go under.  Regulatory and Tax reforms create a fully employed and vibrant economy. A fully employed America solves a whole lot of problems.  We pay off that nation killing debt. America welcomes any immigrant who supports himself and obeys our laws.  We use our energy natural resources as a weapon to secure world peace by stopping the aggression of Russia, China, Middle Eastern Nations,Marxist South American nations and we defund the terrorists. We become the free world's energy supplier.  The world needs carbon energy, let it be American energy until we have a cheap and abundant substitute. We can also export scrubbers and clean energy technologies. Already, we have a way to extract energy from coal without burning it. There are ways to use our carbon energy without pollution. In short we decrease our Federal Government's footprint, increase State's rights and privatize everything  we can, excluding defense.  

 

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