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Sammer

join:2005-12-22
Canonsburg, PA

reply to tshirt

Re: Falling Behind

said by tshirt:

Better yet, Americans need to INVEST in AMERICA.

What is patriotic about investing in corporations with short sighted management that only cares about short term profits? There was a time when American corporations invested long term in our country and American statesmen (not politicians) cared more about making our future better rather than just winning the next election but where is such leadership today? If there was real INVESTMENT in AMERICA we would now be talking about how fiber optic communications would be brought to over 85% of U.S. homes the same way bringing high speed highways to America was talked about in the 1950s.

axus

join:2001-06-18
Washington, DC

Yep, it seems like the best thing you can for your country these days is build your own business and retain enough control to ethically run it.



tshirt
Premium,MVM
join:2004-07-11
Snohomish, WA
kudos:3
Reviews:
·Comcast

reply to Sammer
And where do you think the investment money should come from?
If Americans will no longer scrimp and save and invest in companies doing the right thing, those companies are driven to increase short term value to bring in the cash and credit to invest and that money now comes from overseas, BECAUSE of the higher return and better stability of the US.
Deciding to lockup huge amounts a capital in a nationwide fiber network is a political decision, a choice to provide real, long term incentive, to own it and profit from it.
Yes short term thinking is a corporate problem, but it started at the political and social levels first..i.e. too many Americans got fat and lazy, and expected every toy and gadget handed to them on the first day of out of school AND to pay less and less for it.
Until people CHOOSE to forgo instant gradification and instead Invest LONGTERM, companies will have no choice but to continue to follow the shorterm/whim of the day money market.


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