tahoe1780

Manhattan Mansions Fall from the Sky - Barron's

For another perspective read The Divine right of Capital by Marjorie Kelly.


On Nov 23 11:06 AM nukldrager wrote:

> vbierschwale; while I agree with your point, the question that nags
> me is how to have capitalism, which is fundamentally buy low, sell
> high in every aspect from labor to investment, and allow existing,
> established communities to continue and prosper. Might be impossible.
>
> Cheap labor is a natural desire for any capitalist. When labor costs
> negatively impact roi, machines and resources are moved to areas
> where cheap labor can be found. Management clearly holds all the
> cards, and has always been willing to sacrifice communities that
> once provided the labor or outlets for it's profits.
> But it's still a bit of a stretch to say that outsourcing alone is
> the cause of the current global financial crisis don't you think?
> What about greed, corruption, and fraudulent pilfering of the public
> purse at the highest levels of financial and governmental responsibility?
>
> The Queen of Hearts when she was told she had used an oxymoron,<br/>sa...
> "What? Go away! Don't bother me with that. We already have enough
> dumb animals running around the palace"
>
>
>