This is a giant photo op good will by Foxconn. Just like the Carrier announcement. My bet is that there won't be any factory, and even if there is it would be a small outpost employing a handful of people. All financed by giant taxpayer subsidies
Foxconn to Build $10B Factory in U.S
71–80 of 157 posts
Re: Foxconn to Build $10B Factory in U.S
#72Earlier quoted context omitted.
> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
https://en.m.wikipedia.org/wiki/Late_capitalism Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil , although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
It's a million dollars for 4-5 jobs, for whatever that's worth.
Re: Foxconn to Build $10B Factory in U.S
#73From a Reuters article: "In 2013, Foxconn said it would invest $30 million and hire 500 workers for a new factory in Pennsylvania, but that facility was never completed." So I wouldn't hold my breath.
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Re: Foxconn to Build $10B Factory in U.S
#74Earlier quoted context omitted.
That's not capitalism. The outsourcing and automation and optimizing away of blue collar American jobs was already capitalism working as intended. Somehow, Trump and the Republicans have sold middle America a bill of goods and convinced them that globalism and capitalism are opposed to one another, when they are the same. What's happening here is very much anti-capitalist.
Therefore, you could consider the "need" for this to happen in the first place, a "late-stage" flaw of capitalism. I think you agree with the OP?
I think he is saying that this is not capitalism. The existence of bailouts and government programs to direct the markets is not capitalism's 'need' for those programs, despite any politician's attempt to sell that idea.
Re: Foxconn to Build $10B Factory in U.S
#75Earlier quoted context omitted.
Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
>This whole late stage capitalism transition is going to be painful. The phrase "late stage capitalism" is one I've seen crop up only in the last year or so, and mostly in the context of the subreddit of the same name. Can you recommend some reading outside of that subreddit? I find the subreddit's content narrowminded to the point that I thought it was satire at first, but I'm open to the topic in general. Especiall…
Marxists think they have a total understanding of society and economy. They don't see the future as uncertain, but rather as a series of inevitable steps that proceed towards a global communist state of society where human nature no longer applies and people are no longer self-interested.
So they've got this weird verbal tic where they discuss present events as though they're historical events. After all, when you know everything, why not?
Of course, they've been predicting this 'late stage' and inevitable 'collapse of capitalism' since the 19th century.
Somehow these theories just don't go away no matter how many times they get it wrong or how many countries they ruin.
Anyway, if you want a peek at the type of mind that believes they know the future well enough to discuss it like history, post something mildly questioning in /r/latestagecapitalism and try not to let your eyes bug out at the absurdity of the response.
Re: Foxconn to Build $10B Factory in U.S
#76Earlier quoted context omitted.
There is essentially no difference between giving a company money and not collecting money from them that they would otherwise pay. Economists call these sorts of things tax expenditures . It amounts to taking money from some people and companies who pay their full tax bill, and giving it to others who don't.
There's an enormous difference. They wouldn't otherwise pay it because their factory and jobs wouldn't otherwise exist.
But you could give the money to a company that already has a plant to develop new jobs. They don't because its untenable to see the government just write a big check to a private company.
Its a fictional difference that is used to make it seem more palatable.
Re: Foxconn to Build $10B Factory in U.S
#77Earlier quoted context omitted.
>This whole late stage capitalism transition is going to be painful. The phrase "late stage capitalism" is one I've seen crop up only in the last year or so, and mostly in the context of the subreddit of the same name. Can you recommend some reading outside of that subreddit? I find the subreddit's content narrowminded to the point that I thought it was satire at first, but I'm open to the topic in general. Especiall…
Marxists think they have a total understanding of society and economy. They don't see the future as uncertain, but rather as a series of inevitable steps that proceed towards a global communist state of society where human nature no longer applies and people are no longer self-interested. So they've got this weird verbal tic where they discuss present events as though they're historical events. After all, when you kn…
This will get you banned, not a response.
Re: Foxconn to Build $10B Factory in U.S
#78Earlier quoted context omitted.
> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
https://en.m.wikipedia.org/wiki/Late_capitalism Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil , although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
Many would argue that job subsidies like this are the opposite of capitalism. Under a free market, the government wouldn't be subsidizing anything.
Re: Foxconn to Build $10B Factory in U.S
#79Earlier quoted context omitted.
>This whole late stage capitalism transition is going to be painful. The phrase "late stage capitalism" is one I've seen crop up only in the last year or so, and mostly in the context of the subreddit of the same name. Can you recommend some reading outside of that subreddit? I find the subreddit's content narrowminded to the point that I thought it was satire at first, but I'm open to the topic in general. Especiall…
Marxists think they have a total understanding of society and economy. They don't see the future as uncertain, but rather as a series of inevitable steps that proceed towards a global communist state of society where human nature no longer applies and people are no longer self-interested. So they've got this weird verbal tic where they discuss present events as though they're historical events. After all, when you kn…
"Late stage" is, as you say, Marxist terminology that presumes a known end state. You are right to ridicule it, though downvoted you shall be.
Re: Foxconn to Build $10B Factory in U.S
#80Earlier quoted context omitted.
That's not capitalism. The outsourcing and automation and optimizing away of blue collar American jobs was already capitalism working as intended. Somehow, Trump and the Republicans have sold middle America a bill of goods and convinced them that globalism and capitalism are opposed to one another, when they are the same. What's happening here is very much anti-capitalist.
Therefore, you could consider the "need" for this to happen in the first place, a "late-stage" flaw of capitalism. I think you agree with the OP?
I kind of halfway agree with the OP, I just wouldn't consider it a flaw of capitalism.
From a capitalist point of view, blue collar jobs lost in the US to outsourcing and automation deserved to be lost. The market optimized for a better solution for consumers, and that solution was cheaper labor and automation.
A true pro-capitalist party would admit that, rather than pander to coal miners and steel workers, and would try to make the US more competitive in the modern, global marketplace rather than try to drag the entire world back into the tar pit of American industrial dominance.
A true pro-capitalist party would even embrace socialist programs like nationalized healthcare and education, if that would make it easier for displaced workers to re-educate themselves and re-enter the workplace, and compete more readily with labor throughout the world, and take the burden of healthcare off of employers. Invest in infrastructure and technology. There's probably even a capitalist argument for basic income allowing the repeal of the minimum wage.
But "write as big a check as necessary and party like it's 1949" is just pandering, it's not even a serious attempt at a solution for anything.