The future of American hitech 4583
India should leave the UN
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Outsourcing booms American Micro Device starts $5 Million BPO in Chip design from India
AMD joined the India business process outsourcing bandwagon. The Chip manufacturer went bullish on India BPO. According to PTI, Chip manufacturing company AMD India Ltd is...
On Sat, 11 Jun 2005, oldpif
I agree with OldPif on this. The USA's economy is evolving towards an economically fragmented society with few rich (both getting richer and a few more every year as those below the "millionaire threshold" just pop above that threshold AND as a relatively few people decide that money is the only thing to pursue and to pursue it any way they can including crime and cheating while simultaneously the mbutt majority will see zero gains in income for an increasing fraction. There are already studies out there showing that the bottom 20% are actually regressing to levels of greater poverty.
Of course the mechanism by which all of this is done includes, besides egregious white collar cheating and crime, all manner of tweaks, tricks, and gimics that play in the gray areas of economics (including US companies gutting their US-based plants and moving operations to 3rd world countries), accounting (fudging the books), tax evasion (abusive tax shelters, loopholes), going "off the books," and people in control of power (including our president making war in Iraq based on a lie, and the war is not going well, either, and including CEOs who rape and pillage their own corporations eg. Kenneth Lay, Richard Scrushy, Dennis Kozlowski, etc.).
The future of American hitech 4582
On Thu, 19 May 2005, Dirk Bruere at Neopax Don't forget all of our glorious US...
Finding honorable, honest, fair, competant, hard-working people who follow that priceless thing called a "work ethic" seems to be a rare event these days. So, besides being in a post-industrial economy (for decades), and now, as service work is being exported we are becomming a post-service economy. What will be next as the level of poverty in the USA increases? Medicare, Medicaid go broke? Social Security goes...where? Shall we be a post-economy economy?
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