“We are not inside the business of making cars now not to make money on them.” – (Bill Ford of Ford Motor Company)
“In the give up, all business operations may be reduced to 3 phrases: human beings, product, and earnings.”- Lee Iacocca
Recently, I had a light lunch with an up and coming style dressmaker (Jamaican-American male); a patent lawyer (Jamaican-American male); a Certified Public Accountant (Indo-Guyanese female); a internet site developer (Japanese-American girl), and a model/actress (German-American girl). We dined at Freemans eating place – Colonial Americana Cuisine – located in Downtown Manhattan. We had been discussing upcoming initiatives, fashion indicates and different worthwhile enterprise ventures.
Patent Attorney: “Where do you manufacture your products?”
Fashion Designer: “I manufacture my products in the U.S.A. However, my income margin is suffering; I will must manufacture my merchandise in China and India, soon. As of now, I’m in talks with contacts in said international locations. Unfortunately, I am reneging on my ‘Made in America’ pledge.”
Model/Actress: “Karl, what do you think? After all, you are the resident economist.”
Karl: “[Fashion Designer] would not have any preference but to outsource. He has to compete with Phat Farm,
Nike, Sean John and others. They are outsourcing as in line with the present day trend of the Free Market System. Therefore, he has ‘to preserve up with the Joneses’ through globalization. As a matter reality, entrepreneurs are in enterprise to make cash – the bottom-line. On the alternative hand, government law is needed to make certain that ‘the Invisible Hand’ would not ‘pimp slap’ the masses – the American humans. We are witnessing the stated state of affairs inside the current sub-high fiasco, company governance fiasco and its unpleasant step-sisters. Until President Obama beat the money changers (corruption) out of the Temple (the market region), we have to speak the language of the market to remain aggressive. Sorry to say, I should defer to pragmatism over ideology at the existing time.”