Showing posts with label Bain Capital. Show all posts
Showing posts with label Bain Capital. Show all posts
Wednesday, August 29, 2012
Monday, August 27, 2012
Review: The Betrayal of the American Dream
Book Review: The Betrayal of the American Dream. (2012)
By Duane Campbell
The
team of Barlett and Steele
have produced excellent journalism
in the past, and they have done it again with The Betrayal of the American
Dream, (2012) an analysis of the pain caused by the economic crisis for
everyday people. This is a well
written, readable book on the economic crisis and the 30 years of looting by
corporate America that led to the crisis.
The
writers clearly place blame on the aristocracy saying, “ Only once before in
American history, the nineteenth-century era of the robber barons, has the
financial aristocracy so dominated policy and finance. Only once before has
there been such an astonishing concentration of wealth and power in an American
oligarchy. This time it will be
much harder to pull the country back from the brink.”
A
great benefit of the book is that it is readable. They tell
stories and give examples of crises in families and for workers. For example
they begin the important description of the outsourcing of jobs with this,
“On
the last day on the job Kevin Flanagan, after clearing out a few personal
effects and putting them in boxes in the back of his Ford Ranger, left the
building where he’d worked for seven years. He settled into the front
seat of his pickup truck on the lower level of the company garage, placed a
twelve-gauge Remington Shotgun to his head, and pulled the trigger.
He was forty-one years old. He was a computer
programmer. He’d been a programmer his entire working life. “ (p.99).
Sunday, August 19, 2012
Tuesday, August 14, 2012
Outsourcing jobs
“On the last
day on the job Kevin Flanagan, after clearing out a few personal effects and
putting them in boxes in the back of his Ford Ranger, left the building where
he’d worked for seven years. He
settled into the front seat of his pickup truck on the lower level of the
company garage, placed a twelve-gauge Remington Shotgun to his head, and pulled
the trigger.
He was forty-one years old. He was a computer programmer. He’d been a programmer his entire working life. “ p.99.
From. The
Betrayal of the American Dream.
Donald Bartlett and James Steele. 2012.
I encourage you to read their piece on outsourcing or
offshoring and their excellent chapter on Apple computers moves.
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