Big Steel decided to face competition from Japan, then Korea, and etc by NOT modernizing or changing business plans, and crying to government for help. Protections helped business leaders in Steel draw more money out of the industry, and then walk away when things fell apart. Who got hurt? The workers that were caught in the collapse.
When Hurricane Katrina hit the Gulf Coast, it didn't matter that whether people evacuated or not, they got the shaft from Insurance Companies as well as their government. To add insult to injury, the government gave no bid contracts to companies that in turn recruited and hired immigrants to do some of the rebuilding, instead of letting the people who lived there do the work. The difference was in pay- it was cheaper to hire others to do the job, and save the money for profits. Who gets hurt? The people that lost everything, and got nothing in return.
Tuesday, April 15, 2008
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