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Remember Jack Welch?
Legendary GE Boss Pioneered Steroid Globalization
By DICKEY JONES | December 13, 2012
Bernie Sanders, former U.S. Representative commented on General Electric and its former legendary CEO Jack Welch:
This is one of the more classic examples of the monolithic control of the Shareholder, of quarterly earnings, of a board of Power Barons that made sure their star, Jack Welch kept those percentages on the rise…they live and breathe on the rise…decimal points to the left or right can bring thoughts of suicide or 7 digit Jet Set weekends. Welch became an American Hero without creating anything including his own company though solely for his ability to keep decimal points climbing.
Welch pushed Globalization because it was logical. The real goal of Globalization is to ultimately create buyers because that is how sustainable expansion evolves. The concept of cheaper labor is the cover-up, the invisible bridge, to Expansion.
Steroid Globalization is a potent driving force behind the development of technology and this development has brought the age of the robot. I am not talking about the robot in your house zooming around (that will come soon enough), I am referring to robots in factories who are incredibly agile, fast, precise and powerful, with arms reaching out in any direction, accomplishing everything a human would normally do only much faster with greatly improved product quality.
Foxconn, the largest manufacturer of computer parts in the world has announced that they will have one million people replaced by robots by 2020.
Image: RM Design
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"One of the largest corporations in the world - and one with a long history of anti-union activity. GE, a major contributor to the Republican Party, has substantial financial interests in weapons manufacturing, finance, nuclear power and many other industries. Former CEO Jack Welch was one of the leaders in shutting down American plants and moving them to low-wage countries like China and Mexico."
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