We have been outsourcing jobs now for years. To say that it has been destroying the fabric of this nation is an understatement. After all we are now living in a country where while we still have a manufacturing base, it is disappearing progressively faster as our titans of capital continue to maximize profits by marginalizing local employment and outsourcing anything that can be outsourced. One cannot but define this behavior as unpatriotic given that if you destroy the ability of a country to manufacture you make the country unstable by being substantially dependent on foreign entities.
When the titans of capital started moving our low skilled manufacturing jobs overseas to the lands of China, Central America, and other bastions of pseudo slave labor, the lower middle class worker was not worried. After-all, they believe that would never happen to them. Who cares if all those little plastic toys and utensils are made elsewhere?
When the titans of capital started outsourcing our more skilled manufacturing jobs, most of the middle class figured that just maybe it would end there. The textile factories were closing and little towns were dying. But like deer in the head lights no one knew what to do so they just stood there as they were just run over.
When the titans of capital started seeing the flexibility, speed, and efficiency of the Internet they found a structure to outsource Software Engineers, Doctors, Radiologists, Teachers, and many other professionals. These professionals took our loans to invest in their education. They did it the American way. They worked hard. Now they are lost and don’t know where to go from here.
When the titans of capital had no one else to outsource to maximize the profits of the few, their few, they start to eat their own. They started to outsource the up and coming titans of capital.
Goldman Sachs has begun the process of maximizing its profits by ridding itself of over 1000 high end investment banking jobs. These were some of the most devoted and staunch supporters of unfettered and unregulated capitalism. These are generally the staunch supporters of low taxes and a meager safety net. Ironically, many who thought they were immune to the excesses of supply side economics that pilfered the middle class and an immoral form of capitalism are the ones who will be dependent on the safety net and taxes they so abhorred.