Quote Originally Posted by maladroit
capitalism will never die, but it might spend some time in the emergency room...y'know what might end up on life support? globalization!

the usa can't compete with cheap foreign labour...north american automakers can't even compete with foreign automakers who build car plants in north america...we traded our jobs for a bunch of appliances and widgets that we bought with money borrowed from the countries that made them...that worked in the short term, but it cannot work in the long term...the recent economic crisis is a warning that will be ignored because we love cheap appliances and borrowed money
well put.
flyingimam Reviewed by flyingimam on . bailout plan may widen to more industries Wide array of U.S. companies start competing for bailout money Published: Sunday, October 26, 2008 | 2:20 PM ET Canadian Press: Martin Crutsinger, THE ASSOCIATED PRESS WASHINGTON - The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history. The betting is that many with their hands out will be successful, especially with Rating: 5