Price of Aluminum. WOW!!!

[barts]

Originally Posted by safari62

Yes it is economics. Higher cost of energy plus labor costs and health costs means it is more profitable to send the work away. The profits are still there and prices continue to go up. Clean air may be an accidental benefit of offshore production. But blaming environmentalists and anti capitalist that run big gov is just so much easier.

When the lumber mills found it more profitable to export their high quality logs to Japan and other offshore locations, they blamed environmentalists for the lack of jobs. There is no honor left amongst most of these folks; they will do and say anything they can get away with in pursuit of a dollar. "Blame the tree huggers and the spotted owl" is so much easier than "Our Harvard MBAs have decided to convert your fully funded pension plans into junk bonds, do lumber processing offshore, and collect bonuses all around. Sorry 'bout that."

On the other hand there are exceptions; I was very impressed with the CEO of American Airlines recently, when he refused to follow their board's instructions and resigned w/o benefits rather than declare bankruptcy in order to abrogate their contracts with their employees.

Integrity and honesty are valued characteristics in people; if we're going to treat corporations as people we need to demand the same of these "citizens", lest they feel free to behave like sociopaths.

- Bart