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U.S. Mega-Corporations: Sowing the Seeds of Their Own Demise

By       Message Michael Payne       (Page 1 of 4 pages)     Permalink    (# of views)   8 comments

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How about this for a business plan? Grow your corporation by slowly killing off your customer base. Well, that might not have been the original stated intention, but that's exactly the business plan that many U.S. based transnational corporations created when they allowed their greed for more and more profits to overrule rational, long-range thinking.

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Transnational corporations, the most powerful economic and political entities in the world, are currently riding high, rolling in wealth and enormous profits. While America remains mired down in a severe economic crisis involving massive unemployment and a deteriorating manufacturing sector, these corporations are doing quite well as they continue to follow the ingenious, politically-inspired business plan that was developed during the Reagan administration embrace low-cost foreign labor and throw the American worker under the bus.

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Those who have a background in business should be very familiar with business plans. A business plan is a formal statement of a set of goals or objectives, the reasons why they are believed attainable, and the specific plan for reaching those goals. Large businesses, in particular, must have a solid business plan and one of the key objectives is the maximization of profits.

That means selling lots of your products while minimizing costs of operation. Operating costs include elements such as research and development, product design, marketing and advertising strategies and, yes, I almost forgot Labor. Actually, labor happens to be the largest single cost of manufacturing, so when a company looks to reduce overall costs, labor represents the greatest potential for savings.

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Michael Payne is an independent, progressive activist. His writings deal with social, economic, political and foreign policy issues. He is a featured writer on Opednews and Nation of Change and his articles have appeared on many other websites (more...)

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