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by gumby
2304 days ago
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I could not care less that he destroyed GE and became rich in the process. That's a GE shareholder problem. But I had hoped my message was about more than corporate "style". First: he's been fundamentally destructive to the global economy, which has had a particularly brutal effect on, IMHO, the majority of people who live in countries that were industrial economies in the 1980s. The hollowing out of the middle class and precarious economic position of younger GenXers and millennials can be laid in a large part at the unthinking adoption of the bullshit he promoted and demonstrated. (note that I am at the beginning of GenX and my child as younger than a millennial so I am not bitter from some personal hurt here). (BTW although GE outsourced during this period, so did many companies, and I do not lay that at his feet. And the result of outsourcing is much more of a mixed bag than it is often described, and in the balance is likely even positive, though the way it was implemented in the US was a combination of this "strip to the bone" which yes has been destructive.) Second: true, he's dead and that's a tragedy to his family and close friends which I don't downplay. But also he was an asset stripping parasite whose model has ultimately been destructive and he was a lauded champion of such behavior. His death is an opportunity for people to reflect on his immoral behavior the consequences of which we are still suffering from. |
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