ABC’s Made In America’s series, is naive, puerile, and vision-less. American manufacturing is healthy–since 1975, output more than doubled.
Business is the only wealth creating entity in society. Business is indispensable; ultimately, business is government’s only source of income: Free business of corporate taxes so they can create more jobs.
Corporate, organizational, and financial structures must fit business goals. Reported funds’ shortage doesn’t signal necessarily a financing need; it could flag a structural problem, which more money won’t fix.
Do individuals volunteer to pay taxes not due? Why should corporations? The USA has the highest corporate tax rates in the developed world. Why shouldn’t corporations maximize business outside the USA?
Globalization is not inherently bad, but raises moral, and ethical issues with personal and corporate financial effects. How a firm views globalization will depend on its values. To be sure, many North Americans reap huge benefits from globalization.
The goal must be to minimize effects of this crisis. Financial institutions must be ready to help homeowners who can afford realistic renegotiated mortgages–a time-consuming case-by-case approach.