My friend Karen Mock passed this along to me and, as she wrote, it is too good not to pass along.
A very self-important college freshman attending a recent football game took it upon himself to explain to a senior citizen sitting next to him why it was impossible for the older generation to understand his generation.
'You grew up in a different world, actually an almost primitive one,' the student said, loud enough for many of those nearby to hear. 'The young people of today are much more advanced than people your age. We grew up with television, jet planes, space travel, man walking on the moon and the Internet. We have cell phones, nuclear energy, electric and hydrogen cars, computers, automated manufacturing, amazing
technologies, …and,' pausing to take another drink of beer.
The senior took advantage of the break in the student's litany and said, 'You're right, son. We didn't have those things when we were young…..so we invented them. Now, you arrogant little shit, what are YOU doing for the next generation?'
The applause was resounding…
I am told that our (North American) economies are transitioning to a service economy, providing high-value services while outsourcing manufacturing to low cost countries. This is supposed to keep our economies growing and grow the economies of our trading partners, increasing the size of the pie and raising the boat for all (mixed metaphor intentional).
Here are my questions:
Categories: Business, Contracting, Economy, Politics Tags: comprehension-questions-on-outsourcing-and-globalization, desertitation-and-globalization, economies-and-outsourcing, f, finding-clarity, globalization, globalization-and-outsourcing, globalization-and-outsourcing-of-manufacturing, globalization-questions, globalization-questions-2011, outsourcing, outsourcing-and-globalization, outsourcing-and-globalization-criticla-questions, outsourcing-of-manufacturing-globalisation, outsourcing-questions, questions-about-globalization, questions-on-globalization, shehryar-shaikh, tarek-fatah, workers
Am I becoming a bigot? Is my own internal, hitherto unknown, racist making it’s way to the surface of my mind? Or have I become entirely desensitized to the suffering of others?
Road Map for Financial Recovery: Radical Transparency Now!
A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li’s work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions to the field. Today, though, as dazed bankers, politicians, regulators, and investors survey the wreckage of the biggest financial meltdown since the Great Depression, Li is probably thankful he still has a job in finance at all.
Categories: Economy, Politics Tags: cover-article-the-formula-that-killed-wall-street, economy, f, formula, quality, testing, the-formula-that-killed-wall-street, the-formula-that-killed-wall-street-wired-magazine, Wired, wired-magazine-march, wired-magazine-the-formula-that-killed-wall-street, wired-spam-formula