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The Jobs Crunch
randall_burns writes "Neither major party is accurately describing or combatting the Jobs Crunch that Americans are facing. Bad immigration policy-and bad trade deals are combining to decimate the middle class in America."
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For the first time in my life, within 4 weeks of one another, my sister lost her job, my friend lost his job, and his wife lost her job.
These are NOT good times...although Bush would have us believe otherwise.
What about the state sponsored outsourcing? The US government is actively supporting outsourcing, examples here, here, and
got sig?
Since it's so fashionable to compare our policy to the European powers, let's look at some of the numbers. In France, unemployment was 9.3% as of last year. Germany's unemployment rate was 9.7% as of 2 years ago. We had a bubble during the 90s, and it's only expected to pay the price now. The economy moves in cycles and is an extremely complex nonlinear system. To conclusively blame immigration and trade policy as the cause for an increase in unemployment is easy, but unfortunately also meaningless.
The problem is that these men who represent our presidential canidates, are the best that the parties could come up with. Out of everyone in the whole country. These four pricks. Thats insane. If this is the best that the dems and republicans can come up with then we need some different parties invovled in politics.
"The story itself is just a massive advertisement to vote against Bush too."
Why? According to Bush the economy is doing great. If Bush is good for jobs then this thread may be an advertisement for voting for bush. It's only anti bush if Bush is horrible for jobs in the country.
" I know I wont be trying to moderate anyone in this thread, because every second post will look like trolling or flamebait depending on the perspective of the reader."
I have to agree with you there. I have never seen our country divided so much. The people who relish driving wedges to set the country apart have been very successful. I don't know what it would take to get the country back together again. Maybe if we had a president that was a "uniter not a divider" things would be different.
evil is as evil does
It is difficult to be sure from a distance (I live in the UK), but what seems to be happening in the States is a move to what I can best call a neo-feudal society.
At the top end you have the rich and super-rich, with limited call on their wealth in terms of taxes.
At the bottom end you seem to have people who have to hold down more than one job to make ends meet, have limited access to medical care and whose children receive only a poor quality education.
This leaves your middle classes, who are being squeezed. If they don't work in a service that requires personal contact then they are in danger of being outsourced to cheaper locations elswhere on the globe.
Barons, serfs and guilds is the way it appears to be. It isn't quite as extreme here in Britain, but we are going the same way.
Data just came out showing that Cleveland, Ohio has the largest unemployment rate of any major city in the US. Cincinnati is on the brink of (and has fallen into) racial and class conflict. The whole state is an unbelieveable mess and it appears that even with an inept Republican govenor that Ohio will vote Republican and give the rich and corporations more and more tax cuts which they, in turn, will use to buy more foreign products and fund more outsourcing projects.
Distribution of wealth is an nasty necessity that is created by the greed in all of us (once I hit the million dollar threshold I will give to the less fortunate - then it's once I become one of the 331 billionaires in the US -- well you get the drift...). Anyway, the Republicans have never and will never talk about redistribution of wealth. Flat taxes and sales taxes are rigged against the poor, but people seem to think they are a great idea because of conservative thinktank spin.
The Democrats may have become as much of the problem as the Republicans, but at least they are still talking about these issues. I can't for the life of me undersand why a the population of a state on the brink of disaster would vote for a party that still talks about supply side economics and trickle down. I shake my head and then realize that to be a politician these days you have to be rich already -- it's no wonder that we are where we are.
There will never be another farmer from Illinois in the Whitehouse, and I just don't see any solutions on the horizon...
All the layoffs of recent times have flooded the teaching ranks with people getting alternative certification. Add to that a recent flood of people who spent years in other roles in education just now finishing their degrees, and the new teachers are getting pushed out. That whole ETS scoring fiasco didn't help either.
Read again to understand this: there are too many teachers. People in other countries may not understand the gravity of this, but for people who are used to teachers being the most pissed on of American professionals, this should be the ultimate sign of how bad things are right now.
"You're never ready, just less unprepared."
Yeah, it's always the fault of those pesky foreigners...
It's official. Most of you are morons.
Well, I never expected to see this story on the front page of slashdot. What next?
Mod parent up!
> I am not sure how it's measured in Europe but I would bet it's different. You may be comparing oranges and apples.
There is a common measure of unemployment across Europe, the Labour Force Survey. The survey seeks information on respondents' personal circumstances and their labour market status during a specific reference period, normally a period of one week or four weeks (depending on the topic) immediately prior to the interview.
The LFS is carried out under a European Union Directive and uses internationally agreed concepts and definitions. It is the source of the internationally comparable (International Labour Organisation) measure known as 'ILO unemployment'.
On this measure the UK jobless rate is just under 5%, with France, Germany and Italy all at around the 9% mark.
When the rantings on a xenophobic loonie site are presented as fact.
_O_
.|< The named which can be named is not the true named
The job market in this particular state (Delaware) is completely shot to hell and back. In February of 2002, the local DuPont plant laid off almost half of the entire work-force, including myself. I have been unemployed since then, and those unemployment benefits ran out back in November 2002... not fun. At first, I was a bit picky about my next job, I'll admit; having just lost a $15/hour job (with no college education, which is another rant for another time), I really didn't want to drop down to a McDonalds job due to the obvious decrease in the weekly check. After I realized that finding a similar-paying job wasn't going to happen, I went out to the usual teenie-employers to try my luck... Wal*Mart, Burger King, etc etc. I've been unsuccessful even with these places, and have been since I've started my job-hunting two and a half years ago. For the record, there's nothing about me that would lead someone to not hire me, such as criminal records, disability, race, any of that nonsense. (Obviously, those aren't supposed to matter, but speaking for this state, it does). Wrapping up my sob-story, moving to a new state is out of the question due to personal reasons involving my daughter, so we're stuck here. Always nice to hear Bush on TV saying that the economy is great, hah.
Yes, we've got a job crunch in this country, and we had a severe job crunch in the dot-bomb technology industry, with an estimated 49% of San Francisco's high-tech jobs disappearing, so my friends were affected much more strongly than the average American, and there's a non-trivial chance I'll get laid off next week.
Bill Stewart
New Fast-Compression-only CPR http://preview.tinyurl.com/dy575ks
Thank god for that article. I was beginning to wonder if *I* might be the one responsible for my unemployment due to my choice of remaining in a one factory town, with my limited skill-set, narrow education, zero-ambition and unwillingness to take any job that was far beneath my abilities that can apparently be replicated by someone who grew-up in a third world country without indoor plumbing while educated in a classroom with a dirt floor. I'm so glad I can blame them foreigners and people in Washington. I was almost thinking that I was some kind of loser slacker who spent all my time on message boards downloading music (cause it was meant to be free!) and not trying to make myself into someone with valuable assets. Not my responsibility. There's no way you can convince me otherwise now. Forget the "data", this economy sucks because all my loser friends are out of work too.
I have to say that a lot of issues presented in that article are the same sort of crap that's been tossed around for decades.
For instance, mining and metallurgical refining are extremely high-risk cost-dependent ventures, and they always go wherever is cheapest. My dad's been designing mines for decades, works around the world, and sometimes you can't even get a gold mine going in a place with incredibly low labour costs like Costa Rica! So to point to a shift of refining work to Canada and Mexico as being a fault with NAFTA is just incorrect-- it's exactly what NAFTA was designed to do, in order to make it cheaper for Americans to buy products.
As for Visas, many people on HB-1s, J-1s, etc... leave the U.S. after a few years. They're here for training, and that's it-- and when you consider the legal hurdles that companies have to go through in order to get foreigners (like moi) into the country in the first place, you should realize it's not going to happen if companies could easily find adequately skilled people here in the U.S.
No, I'm afraid what's really wrong with the U.S. job situation is very simple-- there are extreme disincentives for companies to hire new employees if they can make current employees work overtime.
'Fess up. How many of you work overtime for little or NO pay? 50% of you? 75%? How many of your companies had massive layoffs in the past decade, then been very slow to rehire even as the bottom line improved?
I'm good at what I do, and I'm willing to work hard, but realistically, the company I work for should have hired half a dozen more people instead of just me.
Frankly it is tiring, Western Europe and what is today's EU has always respected free enterprise and private ownership, cornerstones of a capitalist economy.
People in the US have no idea what they are talking about when they say EU countries are socialist.
They may be more socially responsible than the US goverments perhaps, but private property and free enterprise has never been stopped.
If you want examples of Socialist countries look at Cuba or North Korea, where everything is Socialized by means of state control and ownership.
IANAL but write like a drunk one.
before that, your sister, your friend, and his wife were thinking ... hmmm... perhaps we can go to Europe for a nice vacation, and never realize that their own jobs were hanging by a rope.
Wake up, people.
Don't blame "bad immigration", or "globalization", blame YOURSELVES for being COMPLACENT !
This world we live in is increasingly interconnected. Whatever we'd seen playing in the halls of UN 20 or 30 years ago today is playing right at our doorsteps - and that is, we aren't compete against other Americans for our own survival, but against THE WORLD !
Yes, globalization goes both ways. While the third world countries are whinning about "Developing world conspire to re-colonize us", we, who live in FIRST WORLD COUNTRIES, must realize that while those sons-of-bitches are whinning, their cheaper labor is taking away our jobs.
Usually, we single-minded Americans will yell and shout and demand our "representatives" to "DO SOMETHING" - which, more than always, mean "closing our borders", "stop outsourcing" etc, which in itself WILL NOT WORK ANYMORE IN THIS WORLD WE ARE LIVING.
Instead of closing up, we SHOULD be OPENING UP EVEN MORE, and yes, that means, we should roll up our sleeves and COMPETE AGAINST THE CHEAPEST LABOR IN BANGLADESH, by using OUR BRAIN.
Our plush lifestyle is at threat. If we don't do something, our high cost of living ain't gonna last. We gotta figure out ways to be BOTH the CHEAPEST COUNTRY IN THE WORLD TO DO SOMETHING, and THE COUNTRY WHERE WE CAN LIVE In WHATEVER LIFESTYLE WE WANT.
I am saying this base on my experience of a guy who have traveled and worked in all over the world. I am not that type of "Americans" who coccoon himself in the "protection of Uncle Sam". Rather, I go out into the WORLD and see what's going on, and btw, making money at it.
Yep, there are people in the third world countries who will accuse me of "exploitation", but I don't mind. If they won't let me exploit them, then they won't get jobs. It's that simple.
And then, there are Americans who accuse me of "exporting jobs to other countries". Again, I don't mind.
You see, if I can't make a toaster oven in America under U$ 2.25, then I won't make money selling them not only in America, but also all over the world. I gotta find the CHEAPEST PLACE IN THE WORLD to do what I need to do, and if that means doing it OUTSIDE AMERICA, I'll do it in a jiffy.
In the same token, the money I earned, I sent back to my good ol' U. S. of A. for safekeeping. No matter how I like the world outside America, America is still my country.
To to those who want to close our borders - please don't buy any clothing, any furniture, any electrical appliances, any thing, in fact, because 90% of them are MADE OUTSIDE America !
You can close the border to "immigrant, but you can't stop those things from coming in. It's us, the Americans, who demand CHEAP but QUALITY goods, so something gotta give.
Until the day you realize you can't live the way you did, you wouldn't understand which world we are living in, my friend.
Muchas Gracias, Señor Edward Snowden !
"He not only turned a routine recession into the great depression, he instituted the practice of the federal government taxing the wages of each and every worker in the country."
In 1933...
When FDR entered office the unemployment rate was 25%, with an underemployment rate of 50%. He had to close the banks to stop from them from failing. Germany that year would appoint an austrian named Adolf Hitler as their leader. Veterans the previous year had rioted in washington. If you want to make the argument that FDR had prolonged the depression through bad policies...you can make that argument but calling the economy of 1933 "a routine recession" is idiocy.
Second of all the relocation camps didnt happen until TEN YEARS LATER in the middle of a little conflict called "world war II".
Other than not knowing anything about history, economics, or politics the author of this comment seems relatively well informed.
--
Simon
All he did was state data, interpret, and generalize. He indicts rebuplicans and the current administration for corporate decisions; democrats for their failure to understand their constituents. He is assuming the Kerry-Edwards campaign will succeed in November by advising them in what they should be doing, manage the trade defecit and immigration. By doing so will magically grow the middle class and their disposable income.
For being an economist, why doesn't he understand that and unemployment rate of 5.4% is very good and one of the lowest in the world. Its certainly better than the double-digit numbers in most of the world and certainly this overall number from India.
As for the shifting of capital and the growing divide of the classes, name one successful society, where the controlling power had a monetary policy will divide the currency exactly among its citizens. Just one... Nope? I didn't think so. The closest example I can think of is the USSR, and they still had the rich elite controlling the working class; and it only lasted 70 years.
Last time I checked, my blue-collar, low-wage friends and I all have the same opportunity of wealth as the rich kids we tend to resent. Notice, I did NOT say that it would be easier because often capital is more difficult to obtain, but we have the same basic opportunity to start a business as the next person. We have the greatest entrepreneurial environment in the world and its ours to take advantage of. People from other countries see this and other advantages our country offers and immigrate. Is the global playing field level? No, it never has been and it never will be. Life is not fair. Life is hard. Get over the idea of being employeed in one place for your entire life in a job that a trained monkey or robots can do.
Will the election in November help? No. Its just a corporate sponsored figurehead with a puppet administration. Either one. What about a third party? Well, we effectively shut them out a generation ago and now, they're just a talking point.--Amigori
"The quality of life is determined by its activites."--Aristotle
We Americans have a right to protect our jobs. And we have the means to do so.
This economic treason by the elites all started decades ago when they shipped out our advanced manufacturing jobs to Japan. Advanced manufacturing jobs are not assembly jobs, but more like fabrication jobs. See this article for more info.
Now they are doing the same thing to office work (like software, financial etc) that they did to advanced manufacturing. But we office workers are more able to stop them this time, mainly because we have some access to the media via the internet and boards like Slashdot.
Tariffs do make things worse, but only for the upper income group. For the average working person, tariffs are good.
Let me ask you something: if free trade is so good for lowering prices, then why is an average car costing more of the average salary now than it did 25 years ago? For more details on this check out Marshall Brain's Concentration of Wealth blog.
eat shiat and bark at the moon
Labor costs are the PROFITS of the worker. You don't hear business owners complaining when their profits get too high, do you?
Look, the highest standards of living in the world are in the social demcracies of Europe, and they have HIGH labor costs--they have minimum wages levels of like $12/hour. High lahor costs are a GOOD THING...IF, and ONLY if you are a WORKER. Now, if you are an investor or business owner, that is a Bad Thing.
Fortunately, over 90% of Americans are WORKERS. Your problem is that you have been tricked by investor/corporate propaganda into thinking that YOU are an INVESTOR. Well, you AIN'T an investor. YOu are a WORKER. Deal with it. Accept it, and then help organize your country to HELP THE WORKER, like they do in Scandanavia.
The reason the 3rd world IS the 3rd world is that they have LOW LABOR COSTS. That is the DEFINTION of being 3rd world.
The reason many of the countries in NW Europe have the highest quality of life is because they have the HIGHEST COST OF LABOR. And it aint no accident. The two concepts are DIRECTLY RELATED.
eat shiat and bark at the moon
FDR tried to alleviate the suffering caused by
the depression's very high unemployment rate by
instituting SS, and work programs like CCC and WPA
that provided a public benefit. He did not make
lies, half-truths, and political doublespeak
an Executive Branch SOP. He did not slash
corporate taxes, and the tax rate of the very
wealthiest Americans, and then shift the tax
burdeon onto the backs of the shrinking
middle class. FDR did not encourage the flight
of American jobs overseas because "what's good
for General Motors is good for America". FDR
did not open the floodgates of illegal
immigration into this country to force wages
lower.
George W. Bush has done all these things, and
more. It is pretty sad when the only decent
paying jobs available to unemployed Americans
is to drive a truck through Iraqi free fire
zones. The high point of Bush's "job creation"
record was 135,000 new jobs in a month -- which
unfortunately doesn't even cover students from
high school or college entering the job market,
let alone those unemployed. Bush has embraced
"corporate national socialism", and abandoned
the working class. From all reliable accounts,
one of the Bush administration's top policy
goals was the invasion of Iraq, from before his
inauguration. All the lies and doublespeak that
was employed (WMD, terror links, and "imminent
threat" were cobbled together and used after
9/11/2001 as cover for this war. Each have
proved to be false. The Bush "war plank" was
an agenda hidden from the voters in 2000 by
such promises as "no foreign wars", "no nation-
building", etcetera, all while planning for
Saddam's ouster. Bush mismanagement of the
war in Iraq, and of domestic policy decisions,
have been equally disasterous to this country,
with the sole exception of the GOP-aligned
multinational corporations. George W. Bush
spoke the truth (finally) at a Washington,DC
fundraiser when he said "the HAVE's and the
HAVE MORE's are my base (constituency)".
If this country should be cursed with yet another
George W. Bush term of office, do not expect that
there will be any improvements in job growth,
health care, international relations, or the
war in Iraq. Do expect more tax cuts for the
corporations and wealthiest 2% of taxpayers.
Do expect SS and Medicare to be gutted, as Bush
finds new ways to drive the country deeper into
debt. Do expect greater loss of personal freedom
in this country, as "Patriot Act" extensions
are subverted to crush political opposition.
Do expect Bush to continue promoting religious
organizations as the only source of welfare
and social assistance. Do expect America's
open borders to continue to encourage illegal
immigration, because America's businesses
want ever cheaper labor.
The illegal Mexican immigrants are NOT squeezing the middle class in any way. There is nobody in the middle class that would their jobs.
Several researchers have actually said the illegal immigration is good for the country, from the job market perspective, that is. Sure, illegal immigration brings other problems, but they sure as hell aren't taking any jobs away from the us middle class.
In Soviet Russia, I ruled you
I can guarantee you if a Democrat gets in again you'll be sliding deeper and deeper.
Almost four years later you're still trying to blame Clinton? And what are we sliding deeper into? When Clinton was president the economy was booming, people had jobs, we had a budget surplus. America was a lot stronger under Clinton than it is under Bush. If Clinton was running against Bush then dubya wouldn't have a chance.
I will say this, though. This time around we can blame the supreme court. But if Americans actually elect that idiot, then we deserve what we get the next four years.
That's our life, the big wheel of shit. - The Fat Man, Blue Tango Salvage
It's easy to blame immigration and say, "Look at all the foreigners coming into our country and stealing all our jobs."
Let me ask you this? Why must we have immigration?
The answer is that you want you society to resemble a pyramid with the youngest at the base of the pyramid, the middle aged in the middle, and the eldest at the top of the pyramid. If your society is not shaped like a pyramid, social programs and the system of collecting taxes completely fall apart.
In order for society to maintain a balance, every woman needs to have on average about three kids. How many kids did your parents have?
How many kids are you going to have?
Because citizens don't have enough kids to fill in the bottom of the pyramid we must have immigration or, we have to re-engineer our social systems and methods of tax collection. Take your pick.
This is why France has the largest muslim population in Europe. Native France citizens didn't have enough kids to support the country. SOo to supplement they had to allow immigration.
This is why Japan is doomed without immigration. Women there are now refusing to marry and having kids later and later (post 35). Pretty soon the population pyramid of Japan will be inverted with the oldest at the top. I predict they will allow immigration soon.
Africa's population has no middle. Only the very young and very old. The middle was wiped out by AIDS.
So that's the long and short of immigration. If you want something different, you have three choices:
1. Have more kids.
2. Change your system of collecting taxes (shift the tax burden higher up the pyramid).
3. Change your system of social programs. Maybe public education is no longer free. Maybe social security vanishes. Lot's of cuts will have to be made since there are fewer older people to pay taxes and usually they pay less.
The sad thing is that our politicians don't explain the social engineering of our country and let everyone jump to their own conclusions. The Repulicans know that if they do not capture the Hispanic/Latino/Mexican vote that they will NEVER win an election again. That is why Bush speaks spanish and was going to open the immigration flood gates to Mexio prior to 9-11. Right now, it's a giant mess and we really need some good social planners to figure out how best to manage our society in the direction that we want it to go.
Does this take the self-employed into account? I read tha article and saw nothing about the self-employed mentioned anywhere in there.
From what I have read from the federal government's figures, once you take the self-employed into account, Bush is creating jobs, not losing them. Since the self-employed are not being taken into account by the "left", I can not trust anything they have to say about avarage salary since they are not taking millions of workers into account.
Now don't take this to mean that I support Bush either. The whole Homeland Security continues to rub me the wrong way. And the federalizing of the airport screeners?!?
As far as outsourcing goes, every company I have personally been involved with that has outsourced to India (5 in the IT arena) have all seen it as a huge failure and pulled it back in-house. 2 where development and 3 were tech support.
I do agree with their take on worker visas. If you want to work and live in America, become a citizen.
The lowering "disposible income" figure is very misleading. This has been torn apart by the "Right" because you look at what is considered "essential" today as compared to 30 years ago. Who doesn't have a washer, a dryer, a television, and a telephone today? Today they count as essential. Decades ago they didn't. Thus, the "cost of living" goes up and the "disposible income" goes down.
Economics is the easiest thing to understand at a systemic level and the hardest thing to actually implement at the individual level. "Economies" do not change, the earning, spending and investing of individuals changes.
But when you get right down to it, you need the American people to keep more of their own money and for them to spend that money buying products from American companies that employ American workers. Those workers need to invest in those American companies and thus increase their personal wealth while giving the companies more capital to expand.
Oh, and those of you blaming the President for the economy need to remember that it is CONGRESS, not the President, who rules the country's taxes and spending. While the President provides the leadership, CONGRESS is to blame. Vote accordingly.
In my opinion (and, since I am not an economist, it is just my opinion), we need to:
- reduce federal spending (make Congress personally responsible for any deficit?).
- lower taxes for those who pay taxes (the lower 50% of the earners in America pay no taxes!).
- streamline the tax system with the Fair Tax. Once you get rid of most of the IRS, you lower federal costs, you lower the costs of businesses and individuals doing their taxes, you make your tax burden directly linked to your spending, you remove ALL tax burden from those living in poverty, and you lower the cost of American goods, thus making them more competitive in the world economy.
- as individuals, buy products from American companies (preferrably made entirely in America if you can still find one).
- phase out social security (the third rail of politics!). This will never happen, but it should. Over 12% of every worker's paycheck goes to retired people. Imagine if half that money went into your personal IRA account that would actually be worth something when you retired! (Also, as a side note, black men have the lowest life expectancy in America. White women have the highest. Statistically, social security takes money from young black men and gives it to old white women!)
- get the government out of the charity business. Let groups like the Red Cross, the United Way, religious charities, etc. do this work and treat people as individuals instead of numbers.
- put the government back on focus to what it MUST do, not what people WANT it to do. The government should not be a wealth redistribution plan. Government should provide the Common Good Required For Existence.
- Without breathable air, drinkable water, and land that can support farming and ranching,
Corporations and Investors want a Race to the Bottom, which increases profits by decreasing wages and benefits. The end result will be a large amount of wealth concentrated in the hands of a few.
Workers want a Race to the Top by increasing wages and benefits. THe end result here will be a large amount of wealth dispersed into the hands of many.
As we can see here on Slashdot, the real problem we have is that the wealthy and the corporations have funded a network of think tanks and foundations that have spent the last 30 years spewing propaganda to make everyone think that a Race to the Bottom is good and that a Race to the Top is Bad. And most Americans (and most Slashdotters!) are buying into the corporate propaganda!
It just goes to show you the power of propaganda over a long period of time--if you spend billions of dollars saying that black is white and white is black, that after 30 years, you will have a bunch of people walking around telling you black is white and that high labor costs and protective trade laws are bad....
THe details of the this RightWing/Corporate propaganda machine are starting to be made public. You can get more info about these "Tentacles of Rage" in the lastest edition of Harpers Magazine here.
eat shiat and bark at the moon
I love how in TFA, they say (under " Professional "Guest Workers.""):
"Since the employer pays a token fee for a guest worker visa, the employer is essentially using the public resource of immigration rights as a partial compensation--a practice even pro-business economists like Milton Friedman admit is a de facto corporate "subsidy"."
Friedman is *not* a "pro-business" economist. He is a pro-free-market economist -- and there is a difference. Pro-business economists prefer policy that explicitly favors businesses. Pro-free-market economists favor policy (or more-often, a deliberate lack of policy) that favors a freer, more-open marketplace, or the elimination of policies which oppose the goal of a free-market -- even if that more-open marketplace comes at the expense of the desires of some businesses.
Friedman would support fewer regulations on the financial industry, for instance. Yet, having worked in a big financial firm myself (which shall remain nameless), some of these companies actually support increased regulation -- because they know it benefits their cause of making a profit. In this way, Friedman could be alternately described as anti-business -- or, more-correctly, a neutral onlooker who prefers a free-market to outright pro-business policies.
Not that I would expect the illiterates of free-market economics (i.e. "progressives" or "socialists" or "Greens" or whatever they're calling themselves this week) to actually understand the difference between "markets" and "business"...
Is Capitalism Good for the Poor?