Sunday, October 08, 2017
The real problem
This isn't a new thought, just a new emphasis on an old thought.
We worry about jobs being lost to automation and outsourcing and migrant invasions.
Automation isn't a serious problem right now. The other two are deadly serious, but all three are instantiations of one BASIC problem.
The stock market.
The REAL problem shows up neatly in an article on Meg Whitman's murder of HP.
One number tells the story:
CEO Meg Whitman has been redoing the company since she took the job in 2011, after she lost out in her efforts to become governor of California. At the time, Hewlett-Packard, as it was still called, had 350,000 employees. After serial layoffs came some big divestitures: PCs, printers, business services, and some software units had to go. It is now down to about 52,000 employees. After the layoffs, it will be closer to 47,000 – a mere shadow of the former Hewlett-Packard. And it will continue to shrinkFrom 350K down to 50K in SIX YEARS. 300K good high-paying jobs lost. Not from outsourcing; HP had already offshored most of its factories. Not from automation; HP was already using as much automation as it could. Purely from greed. Meg is killing a company to satisfy Goldman. She's transforming a MAKER into a SELF-EATING SUICIDE MACHINE. We need to eliminate the stock market in all of its forms and variants, and we need to eliminate central banks. = = = = = God is trying to tell us something. It's a perfect analogy. You think you can drive a number up through the roof by generating counterfeit "value". Your math and models and software tell you that you can drive numbers up exponentially. Nature don't do exp. Sooner or later the generator burns the building.
Labels: Emersonian justice, Natural law = Sharia law
¶ 2:06 AM
