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How the US economy was lost.

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  • 26-02-2009 2:53pm
    #1
    Daithinski
    Closed Accounts Posts: 279 ✭✭


    An interesting article on the US economy. It has some relevant parallels to whats happening here.

    http://www.counterpunch.org/roberts02242009.html
    [FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]“Free market economists” covered up the damage done to the US economy by preaching a New Economy based on services and innovation. But it wasn’t long before corporations discovered that the high speed Internet let them offshore a wide range of professional service jobs. In America, the hardest hit have been software engineers and information technology (IT) workers. [/SIZE][/FONT]

    This seems to be what our government is saying about how to salvage our economy ie innovation and services jobs.

    It didn't work for the americans....


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    #2
    Dannyboy83
    Registered Users Posts: 4,236 ✭✭✭Dannyboy83


    It worked for us tho mate, we are the American offshore base.

    If you have a look for the European HQ of the Top US firms, you'll find them in this country.
    IBM, Google, Intel, Dell, McAfee, Amazon, VMWare, EMC etc.

    If these firms left, the amount of jobs that would leave with them wouldn't be worth talking about as the country would probably fall over and die.

    There is sod all manufacturing left here anymore and agriculture was knackered during the property boom.
    Without the EU CAP, there wouldn't be any agriculture in Ireland so far as I understand it.

    We don't really need to worry about it here as there are sod all indigenous firms, and any of the indigenous firms we do have tend to outsource because of a lack of adequately eduacted employees as opposed to cost savings etc.
    What we need to worry about is the Americans wising up to it, as Obama seems to have done according to his Union address during the week, or in the case of Dell/Motorola, moving to a different cheaper location.

    If third level fees come back, it will happen regardless as nobody is going to be dum enough nowadays to sign up to a science or mathematic degree when you can make far more money in other less skilled professions.

    Everyone will leave and it will be just a population of police, priests and the odd farmer.


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