Wednesday, December 12, 2007

Foreign born CEO's of American corporation

Once again the public is being hoodwinked. The 'New York Times' published a longish articles with photos of foreign born ceo's of American corporation. The big story: look at what globalisation has wrought. Well, expanding capitalism commerical, industrial, or finance driven is and has always been global. Any good high school history text worth its salt would tell you that!
This myth is reheated from those days 30 years or so ago when the 'New York Times' and its sisters in the newspaper trade waxed elegaic about the multi or trans national corporation.
The point here is to what country do these foreign born CEO's owe allegiance? Simply put, the country of origin of the corporation he or she heads. And that's the answer to a simple question, no more, no less.
By saying the American big companies are now in foreign hands, arouses and nutures xenophobia and anger at the foreigner for taking away jobs, erasing pensions, diluting health assurance, and the rest. It is a mean and vicious tack to arouse public anger where it does not belong; it serves only the interest of the corporations or banks to get away with murder.

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