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moondust

(21,308 posts)

12. Henry Ford knew that.

Mon Jan 23, 2017, 11:44 AM

Jan 2017

He knew he'd have to pay his employees enough so that they could buy the cars they were making. I mean, who else was going to buy them if they couldn't? But back then most all his customers were in the U.S. The market was limited by geography and shipping costs.

Globalization changed all that. Today shareholders demand that the bosses maximize profits to boost the stock price even if that means shutting down the factory and moving it to China where there are billions of hungry people who need jobs. The bosses may figure they'll find a market someplace on the planet as long as shipping doesn't cost too much.

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Someone help me understand the thought process of the 1% [View all] Txbluedog Jan 2017 OP

They want austerity come hell or high water SHRED Jan 2017 #1

What's wrong with you? Turbineguy Jan 2017 #2

They know what most Americans don't: trickle-down economics will destroy the American economy BlueCaliDem Jan 2017 #3

Greed is a disease and greed is all the one percent know. sarcasmo Jan 2017 #4

You're not really talking about the top 1% VMA131Marine Jan 2017 #5

Quite right about that. Girard442 Jan 2017 #9

Americans are geocentric about this concept. world wide wally Jan 2017 #6

Oligarchs exist world wide. They don't see themselves as belonging to any nation-state. KittyWampus Jan 2017 #8

They have a spiritual void inside themselves they try to fill with material things. KittyWampus Jan 2017 #7

Their goal is to extract wealth from you to the point that you are indebted to them for life. Yavin4 Jan 2017 #10

there are suckers in other countries to get profits from. unblock Jan 2017 #11

Henry Ford knew that. moondust Jan 2017 #12

You'd think they'd get the simple concept of "disposable income" and follow Henry Ford's, ... brush Jan 2017 #13

Have some sympathy! TransitJohn Jan 2017 #14