News that the University of Michigan and other key business schools
are GOING TO BANGALORE is interesting.
Apparently, business schools now want to give their grads a preview
of the supposed "new environment" they will be working in.
NAMELY, MANAGING REMOTE WORKFORCES IN LOW WAGE COUNTRIES!
So, forget I.T.
OUTSOURCING MANAGEMENT COULD BE THE NEW "HOT MAJOR" FOR BUSINESS
GRADS!
Of course the entire problem with this new "Globalism" is that it is
UNTESTED LONGER TERM.
We simply do not know the long term consequences of this rampant
global capital, so beloved by Wall Street, the Fed and the Republican
Party.
GLOBALISM IS ONLY BEING TESTED AT THE MIRCO-LEVEL, OR AT THE "FIRM
LEVEL." SO FAR.
IT'S GREAT TO LAY OFF YOUR HIGH WAGE WORKERS, (ie. THE "OTHER GUYS"
CUSTOMERS).
AND HIRE CHEAP WAGE SLAVES OVERSEAS. BUT WHO PROTECTS YOU "HOME
MARKET?" WHAT ABOUT THE RESULTING TRADE DEFICITS?
EXACTLY HOW DOES THIS TURN OUT LONG TERM?
Well, like the stock market bubble of the 1990's, NO ONE IN A
POSITION OF AUTHORITY REALLY CARES!
I KNOW, IT'S AMAZING TO SAY. BUT, IT'S TRUE.
The "G-Man" only tells us that things will "correct,"
and "equilibrium will be restored," but he nevers says how, or when,
or what the consequences for DOMESTIC AMERICAN CAPITAL will be.
GLOBAL CAPITAL HAS NO COUNTRY.
UNDER GLOBALISM, GLOBAL CAPITAL DOESN'T CARE ABOUT TRADE DEFICITS OF
DOMESTIC MARKETS.
GLOBAL CAPITAL HAS NO DOMESTIC MARKET TO PROTECT. IT JUST DOESN'T
CARE.
AGAIN, NO ONE HAS LEVELED WITH US ABOUT THE LONG TERM MACRO
CONSEQUENCES OF GLOBALISM AND GLOBAL CAPITAL.
When the subject is raised, the response seems to be:
SHUT UP AND MAKE YOUR QUARTERLY NUMBERS! DON'T SWEAT THE LONG TERM
STUFF! THAT'S NOT IN YOUR JOB DESCRIPTION!
