Stop the Attacks on Capitalism, Outsourcing, the Olympics, and America
We attacked BP for making a profit from oil drilling in the Gulf of Mexico just because a few drops of crude spilled (about 205,800,000 gallons). A little spillage doesn’t mean we should attack the risky profit making practices that BP used to drill for oil offshore.
Moreover, a world financial crisis brought on by banks and investment firms is no reason to criticize them. So what if they brought down the world’s economy with their mortgage backed securities, collateralized debt obligations, credit default swaps and subprime mortgages. Who cares if people lost their life savings and their homes in the crisis. What is important is that CEOs still receive their bonuses during this crisis. Who can blame them for their over leveraged investments; they did it in the name of capitalism. If you think that the common good and democracy should matter more than making a profit, you are not only living in the wrong century and country, you are a socialist who should be taken out and shot like a stuffed pig.
The latest economic brouhaha, other than Romney’s Bain Capital stewardship which I have previously written about, involves the privately owned U.S. Olympic Committee (U.S.O.C.). The U.S.O.C. will be sending 530 athletes to London to compete in the Olympics. Furthermore, the U.S. Olympic Committee, being fiscally sound, decided it would save a few dollars by having U.S. national team uniforms made in China.
Selling goods made in China works for Walmart, the world’s largest retailer and national symbol of U.S. pride, so it should work for the Olympic team as well. I don’t see what the big deal is. Having U.S. national team uniforms made in China is a good way to save money during these fiscally challenging times. In fact, there are other things we should have made in China to save money.
1. Hollywood movies could be made in China. Those unionized gaffers and grips are driving up the costs of movies so soon we won’t be able to see future reboots of Batman or the next Nicolas Cage action movie let alone Michael Bay’s 15th Transformer film. With unions driving up the costs of movie making, those films will be tragically kept from the viewing public. But if we send the production to China, then the costs will drop, the studios won’t have to cut their profit margins and the CEOs can continue have their bonuses in the tens of millions of dollars.
2. Beef and pigs could be raised and slaughtered in China. China has rigorous standards when it comes to manufacturing. Just look at what they did to make children’s toys safer than they were in 1890. Mattel only had to recall about 2 million toys from China in 2007. We can clearly trust China to keep the lead out of our beef and pork supply. China has lots of empty malls and cities they can use for factories and plenty of people to work slaughtering animals so that the American public doesn’t have to see or smell those toxic factory farms as we drive in the idyllic U.S. countryside. Let China deal with the filth and the stench.
3. We could also outsource our weapons production to China. They wouldn’t stand for the cost overruns of our current system. China knows how to imprison and punish those who charge too much and make errors. Besides saving on the cost to the military and thus shutting up some liberals, we won’t have to argue about where to put weapons plants in the U.S. We can let the Chinese decide where to put them. As part of the deal, we can send them our depleted uranium to store for us.
It’s the freedom of every U.S. company to have things made overseas, and the Chinese people have a long history of dealing with our dirty laundry. Having China make our national team uniforms makes perfect sense.