I couldn’t agree with you more. greed and profit regardless of cost is all that matters.

So they are relocating to China to increase profits yet again

Yea…why can’t we be happy with x profit year on year. Why does it have to rise yearly to be considered successful?
Imagine if the company took a quarter of those profits and put them back into the workforce – training, bonuses, improved facilities, childcare, Medicare… That’s way the staff would be happy…be as, if not more, productive and the business would continue to make profit year in year.
I’m just too naive I guess.

Guys,a point to make here… the day a company chooses to neglect profit margin is the day it starts to go into decline and goes down the road to closing down. Harsh reality to those that have lost jobs unfortunately but that’s the bigger picture.

Haha I wouldnt think you were the only one !

U the man!

John Maynard Keynes from 1931

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful of human qualities into the position of the highest virtues. We shall be able to afford to dare to assess the money-motive at its true value. The love of money as a possession — as distinguished from the love of money as a means to the enjoyments and realities of life — will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease … But beware! The time for all this is not yet. For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight

As an observation, and no offence intended, it is always interesting how those with limited financial ability quote Keynes and similar schools of thought, however those with greater means acquired through commercial activity subscribe to a different type of economics.

When we have, we are happy with how we got it; when we don’t have, we don’t think anyone else should have it either.

Yes Professor, what you have to remember is that the same companies who relocate still expect to sell their products back to the countries that they walked away from. Suddenly they find that sales fall dramatically because the people they abandoned haven’t got the money to pay for such products. It’s called GREED I think.

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Winston Churchill

Rodrigo, if you look at your argument and put it into practice I don’t think these guys that worked in the plant would have been major purchasers or even minor purchasers of the products they make somehow

???