Charlie Rose

UnemployedSoftwareDeveloper  08/09/2010 09:37 PM Report

Charlie Rose, why do you give this individual a platform? ?

Premji, "The Great" (Arabic 'Azim=The Great' - look it up in a dictionary), made his money on the shoulders of poor indian slave labors that his company (in addition to other Indian companies like infosys, TCS,Satyam,...) send to the US in order to outsource American middle class jobs to India. He uses H1B, L1, and other type of corporate visas to put hard working and tax paying american engineers on long term unemployment by outsourcing their jobs to India.

Charlie rose, please don't give this individual or other slave importing & enriched individuals like him, a platform...

johncecilbaughman  05/28/2009 12:33 AM Report

this man is the cause and the start of the elimination of middle class jobs in america. along with GE. now india has started reading x-rays and doing legal work for the same cheap labor that big american businesses want. the start of the end of american middle class jobs and lifestyle. why celebrate him by giving him a forum on charlie rose? charlie you never addressed the decline of middle class america by "outsourcing" and call centers in india.

you are too close to wall street up there in your manhattan studios.

try to get back to your north caroina roots where there are towns riddled with closed textile mills because of outsourcing.

REMant  05/26/2009 06:46 PM Report

I think he understands the situation well enough, but I would not eliminate another downturn in the short term nor certainly the repercussions of creating so much debt/inflation/depreciation in the attempt to spread the loss and maintain employment. I am sure that protectionism is undesirable, but as Robbins wrote of that time maintaining demand at the expense of capital accumulation is far worse. Our problem stems in the first instance from having expended too much where it has not paid adequate dividends. Continuing to do so surely cannot remedy the situation. The only way to prevent that from happening is to make investment come from savings and work in the first place, which modern Keynesians and monetarists are loath to do. Easy money not only pushes up the price of assets, and shifts wealth to the holders of them, impoverishing labor in the process, it shifts wealth to the present from the future when creating that debt, creating what amounts to a pyramid scheme that must then be kept from unravelling at all costs, while at the same time removing the mkt discipline that ensures that will not happen. Ultimately it is mkt discipline alone that makes sure sustainable investments are made. It may be that some very prescient commander can supply the missing discipline, but he certainly cannot do it without consideration of the forces creating the lack of it to start with. To put it another way, how should a parent deal with a spoiled child? Regarding China, it should be remembered that the Nazi command economy worked well, too, for a time, but after that it was either exports or war.

NB- due to link probs some comments about this were posted earlier under his Feb appearance