While the marketing folks will tell you that it is critical to a business
to get media attention, free PR, etc. what is essential to a business
is for the management to focus on doing the right things to
grow the business. At buyCASTINGS, we did not plan for the dot
com crash or the 9-11 or the recession that lasted three years after
we started in 2000. However, those were the ‘cards dealt to us’ so we
had no choice but to survive. Failure was NOT an option!
So, we have grown revenues over the years NOT because we wanted
free PR or recognition or to make the list of fastest growing companies
in the country but because we have evolved and fine tuned our business
model to focus on doing the right thing for the customer in order to
grow our business. Planting seeds, going after lots of opportunities,
and working with many customers in various industries and
applications — all key to diversify and improve your chances of
success.
What does the buyCASTINGS experience have to do with the
topic of capitalism and this country and what’s going on today?
WE ARE IN THE MIDDLE OF THE BIGGEST TRANSFER OF
WEALTH FROM ONE NATION TO ANOTHER IN THE HISTORY OF
MANKIND! With the tripling and quadrupling of oil prices in the past
year and not much reduction in our consumption of oil, we are
transferring hundreds of billions of dollars from USA to the
Middle East oil countries. While our infrastructure is deteriorating –
roads, bridges, power grids getting old, Dubai, UAE is building the
biggest buildings, malls, even man made islands.
We have also transferred hundreds of billions of dollars from USA to
the Far East nations during the past two decades because we want
to buy cheap consumer goods – from toys to appliances to furniture
and just about everything else we consume.
All this has happened because our system encourages (actually
it makes it necessary) for our corporations to go to where ever
we can find the cheapest products, supplies, and commodities.
Whether it’s China for cheap toys, Japan for the best cars, India for
low cost IT workers or Saudi Arabia for the cheap oil...
All this is done because the goal is to maximize shareholder
value and in a Free Market Capital system, the corporations have
to go where their costs are lowest to maximize profits... We
DEPEND ON IT to compete, to survive, and to grow. Hence the
biggest transfer of wealth! To the producing nations, like China
and Saudi Arabia from the consuming nation, USA.
How do we break out of this?
To be continued in the next issue of the Netcaster.
