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It's my opinion that globalization has only benefited the large multi-national corporations. Just my opinion so if anyone doesn't agree don't get too uptight.



This is true Glenn as far as it goes but you have to look deeper. It benefited those large corps because they still exist. If they didn't go mulitnational they would wind up like Bell and Howell, nothing but a glorious old name bought by an Asian conglomertate and used to hawk cheap knockoffs of other famous products like the Norelco shaver in those really annoying "but wait, there's more!!" infomercials. Young people have no idea who or what that company was, they just vaguely recognize the name and think it means something.

The problem with pricing especially with government contracts is there's laws demanding the agency put a project up for open bids and if the foreign company has complied with all the laws and regs necessary to allow them to bid then by law if their bid is the lowest the agency must award it to them. If they don't then there's a big scandal and Congressional or Parliamentary hearings about insider corruption, failure to protect taxpayers money and all that. Then that agency winds up on 60 minutes defending itself against charges of government waste, fraud and abuse.

758 million dollars for that steel when you had a bid for 622 million?!? Off with his head!!!

Bob

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