Really? so why aren't companies creating those jobs in america right now?
Because they don't NEED to. If they don't NEED to hire another person, WHY do so, regardless of sales figures?
American corporations have enjoyed 4 years of record corporate profits and have amassed over $5 trilllion in profits that for some strange reason they are not willing to invest in america.
American corporations? Almost no such thing anymore, sunny jim. Sure, they might have an OFFICE in the country. But a warehouse? A factory? Not when the cost of doing so is four times that of shipping that work elsewhere.
You know this freedom kick you're is spurious.
I doubt his desire for freedom is a simple "kick".
there has never been a time in the past 100 years of Canadian history, where industry did not have regulations, subsidies, tax breaks etc.
Ditto for the US.
But you seem to be in favour of laissez faire capitalism. Worked real well at the turn of the 20th didn't it?
Yes. Last I checked, it's responsible for the modern world. If you don't LIKE the modern world...well, I assume you live in Canada...lots of space up there to go hardcore back woodsman.
I am constantly amazed that people who espouse such economic freedom, would rather ignore human nature (particularly greed, corruption and ego gratification inparticular).
And I am constantly amazed that people who support more government control ignore human nature (particularly greed, corruption and ego gratification)
there has never been a laissez faire capitalist system that didn't scew itself up.
Depends on the timeline your looking at. Over a long enough time period, EVERYTHING fails.
Hell look at what wall street et.al. did five years ago - or did you conveniently forget what reduced regulations and lack of oversight accomplished?
The housing crisis was a result of our government REQUIRING mortgage companies to approve "minorities" (read: people with worse credit ratings) for home loans. THAT was Clinton's baby. So, the bakers approved these people for loans that they otherwise WOULD NOT HAVE. Because they had more loans and thus more paperwork to plow through, they had to hire more and more staff to handle the load. I mean, overnight, the ellegable customer base for home loans nearly doubled. If you've ever bought a house in the US, you are aware of the amount of crap involved. The banks, fearing (rightly so) that these loans were unstable, sold them off. To investment firms. The investment firms, using perfectly legal means, bundled those toxic loans (toxic = risky) with other LESS risky loans, in order to sweeten the sale, and called them securities, in a nice little bit of double speak. Insurance companies where the major customers for these, because they have to have high assets as a nature of the business they do. All of this continued right on through Bush, up till the crash. Was there corruption involved? A lack of oversight? Yes. On the part of OUR OWN GOVERNMENT. You see, many of our elected officials came to those government jobs BY WAY of jobs at places like Goldman Sachs, or, hey, Bane Capital. And many of them, should they not get re-elected, had those jobs to go BACK to. In other words, they are COMPROMISED. Many of them have SWEET retirement packages, as a result of certain deals done, papers signed, while in office. Some of them have investment returns not allowed to the rest of the general public, more results of the same actions.
Do you see the problems here? The only REAL corruption we have...is NOT on the private side. It's on the public side.