I do not intend to offend, but this article has a pretty classic stereotyped tone (used to be Chaz, you nailed it with Upton Sinclair, but don't forget he ran for office on the Socialist ticket; I don't think you can consider him an objective reporter of events).

The main assumption in the article is implying that profit is evil and benefits only the wealthy shareholders; those shareholders now include millions of middle class folks investing in a 401K, a mutual fund, etc.

There is no perfect system, but only the market can ultimately allocate resources efficiently. As soon as it is distorted, someone will step in and do a better job, these days that means an emerging nation. And yes, ours has been severely distorted both at the union and corporate level. There's nothing wrong with everyone trying to make out the best they can, so one can't really blame either group, but we can blame ourselves for re-electing folks who make the laws that lead to these distortions. I doubt many people can disagree that it has decimated once proud cities and regions of our country.


posted by 98.198.234...

• not just saab, stan, Mon, 4 Jul 2011 08:42:07
  • Lets not forget CEO's compensation, Mitch, Thu, 7 Jul 2011 20:01:26
    • Re: Lets not forget CEO's compensation, John Myers, Sat, 9 Jul 2011 16:16:53
      • How wonderful, No Snaab, Sun, 10 Jul 2011 13:14:50
  • Eviseration of the Middle Class is a misnomer, MI-Roger , Tue, 5 Jul 2011 14:58:44
    • I only meant in the title of the article, MI-Roger , Thu, 7 Jul 2011 08:20:29
    • Yes and no, Noel, Wed, 6 Jul 2011 06:21:38
      • The vanishing middle class and transfer of wealth, nwas, Wed, 6 Jul 2011 17:34:58
        • Re: The vanishing middle class and transfer of wealth, Reality, Thu, 7 Jul 2011 05:41:59
    • Thanks for explaining the riddles, Tim, Tue, 5 Jul 2011 16:41:09
      • Parts cost at dealers, nwas, Wed, 6 Jul 2011 17:18:49
        • Re: Parts cost at dealers, TML , Thu, 7 Jul 2011 07:00:33
      • robot parts pickers..., James, Wed, 6 Jul 2011 08:17:47
        • I saw my first fully robotic Hi-Los recently..., MI-Roger , Wed, 6 Jul 2011 17:08:22
  • Re: not just saab, John Myers, Mon, 4 Jul 2011 17:14:13
    • Re: not just saab, stan, Tue, 5 Jul 2011 07:36:54
      • Re: not just saab, ryan , Tue, 5 Jul 2011 10:10:14
        • this is a classic example of unions in economics..., James, Tue, 5 Jul 2011 10:34:52
          • Re: this is a classic example of unions in economics..., ryan , Tue, 5 Jul 2011 10:46:16
            • Unions preserve the American way, Used to be Chaz, Tue, 5 Jul 2011 23:12:40
              • If they had stopped there in 1950 then great.n/m, John Myers, Wed, 6 Jul 2011 09:32:45
              • The AMA is not a union?, Bill Homer , Wed, 6 Jul 2011 06:45:49
                • Sort of like Airline Pilots..., Noel, Wed, 6 Jul 2011 10:44:37
                  • You are getting close to the truth, Reality, Wed, 6 Jul 2011 11:37:25
                    • Re: You are getting close to the truth, Tim, Thu, 7 Jul 2011 20:52:08
                    • Re: You are getting close to the truth, James, Wed, 6 Jul 2011 12:41:31
                      • Re: You are getting close to the truth, Reality, Wed, 6 Jul 2011 20:32:17
                      • I "work" 7:30 am to 5:00 pm., John Myers, Wed, 6 Jul 2011 13:28:17
                      • The truth is: nothing is perfect, Bruce, Wed, 6 Jul 2011 13:24:51
                        • Re: The truth is: nothing is perfect, James, Thu, 7 Jul 2011 08:10:07
                        • Re: The truth is: nothing is perfect, Reality, Wed, 6 Jul 2011 19:51:57
                        • the article is pretty biased I think, houstonsaabs, Wed, 6 Jul 2011 18:34:17 <-- Viewing This Message

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