Sunday, February 1, 2009

Stimulate This

I was watching 'This Week' on ABC the other morning and as the panel discussed the economic stimulus plan pushed through the House of Representatives and now handed over to the Senate, Fred Smith, the CEO of FedEx stated that "the growth of global trade has been enormously beneficial to the United States." That line immediately made me get out of my warm, comfy bed, turn on the computer and write down the quote exactly. Of course I am not surprised that he said this because the company he runs greatly depends on the growth of global trade. In fact I think Mr. Smith wanted to say that 'the growth of Fedex has been enormously stimulated by the transferring of manufacturing from the United States to the global economies who have the lowest wages.' They went on to mention customer service centers and blah, blah blah.

Customer service centers are a relatively new creation. Although relevant to the argument, it is manufacturing that is at the crux of the problem. The destruction of the Unites States economy is directly related to the so-called 'globalization' of world economies that Mr. Smith is holding on to like 'his precious'. Unfortunately, he is not Golum, this is not the 'Lord of the Rings', and Bilbo is not about to ask the Elves for help! This is a ruse being sold by multinational corporations who prey on poor countries with their environmentally dirty manufacturing practices and grossly low wages. Today's multinationals are miscreants, to say the least, who prey on the weak countries that have less opportunities to offer their people.

1 comment:

Faith at Acts of Faith Blog said...

Yup - spot on. Do these companies realize they've allowed their greed, their profits to override their patriotism and protectionism of the United States? They just don't want to pay US workers like all the others before them. There's practically nothing left to move abroad and the destruction of this country is almost complete.