While I understand the short-term profit motivation for outsourcing, I have always believed that it was not necessarily in the long-term self-interest of corporations and the nation to go in that direction. More specifically, I hold that outsourcing is akin to "eating your young" to be competitive. While most economists argued that we were better off with this strategy [before the structural cracks appeared], I argued that this practice would lead us to a very vulnerable position when things turned bad. Note that I included energy "outsourcing" in this... outsourcing is not just limited to jobs.
So, if you are curious, click here to read a litany of posts mentioning outsourcing.
Below are some of my favorites that will be part of the above list [you would have to select "older posts" at the end of all of the selected posts to see some of these] if you don't want to go through all of them:
- Tuesday, January 17, 2006
Excessive Spending - X Factor
- Saturday, November 18, 2006
The Economy - Federal Reserve Version
- Thursday, July 19, 2007
What Goes Up....
- Wednesday, December 26, 2007
Celebrating The Purchase Of America
- Sunday, January 13, 2008
House Of Cards
- Sunday, February 10, 2008
Economic Fragmentation
- Friday, June 06, 2008
Filed Under Huh?
..