consumer451
3 months ago
It's the biggest bet in my lifetime. But, that number actually seems fair given that the potential "upside" is firing 90% of their employees, and that of client firms.
ares623
3 months ago
Who will be paying to achieve that number. A 90% reduction of employment nearly across the board will be a super recession.
consumer451
3 months ago
I agree. However, if you I think of "business" as a drug addict looking for their next quick fix, then this makes perfect sense.
For another example of short-sighted addict behavior, look at the last 30 to 40 years of moving your own country's manufacturing base to a geopolitical rival. That's one heck of a long binge.
"Business" is not some oracle, with wise planning. It's a crack addict, planning 4 quarters ahead at most.
consumer451
3 months ago
I just re-read this in my threads, and I want to make it clear that I am not anti-business, it's just that handing the reigns of all decisions of a country to very shortsighted people might not be ideal.