Lou Dobbs is bringing out the big guns in his Outsourcing crusade. The latest one is Rory L. Terry, a finance professor from Fort Hays State University. In his column the good professor writes
bq. The costs of the decision to outsource are not borne by the decision maker. Loss of jobs reduces the tax base, creates high unemployment benefit costs, and raises the cost of government retraining programs. As China and India and other large populations grow, they demand huge quantities of oil, gas, steel and other basic raw materials. These costs are born by all of us — every time we fill our gas tanks, for example.
Or As one of my dear friends quipped that since the “development of third world countries like India and China increases the demand for gas, and hence that part of the world should saty impoverished so that we don’t have to pay so much at the pump.
2 thoughts on “Even Outsourcing is about Oil”
Poor little Lou Dobbs. The same Lou Dobbs who thought he was gonna get rich by *RESIGNING* from CNNfN in the late 1990s to join Space.com when “dot com” was chic.
Poor little Lou Dobbs came crawling back to CNNfN asking for his job back once he realized that the bubble burst and he wouldn’t be able to screw the *mere mortals* as Martha Steward the witch and Kennth Lay the warlock have done!
These arguments are so embarrassingly absurd. We like to moan about how it would be great if poor countries could only develop, but then when they actually start to do so we moan about them “stealing” our jobs and now even our cheap oil. This is really sad behavior, and as a westerner I’m embarrassed by it.