Ford is not legally bankrupt (at least not yet), but morally bankrupt is another matter, as suggested by this item that ran on U.S. Newswire [HatTip to Jennifer Gratz]:
Ford Motor Company Cuts 34,000 Employees; Keeps Jesse Jackson
1/24/2006 2:38:00 PM
To: National Desk
Contact: Dr. Carl Horowitz of the National Legal and Policy Center, 703-237-1970; Web: http://www.nlpc.org
WASHINGTON, Jan. 24 /U.S. Newswire/ — The National Legal and Policy Center (NLPC) today criticized Ford Motor Company after yesterday’s announcement that the company will shed 28 percent of its North American workforce, less than a month after Ford told NLPC that it will continue its financial support for Jesse Jackson and his organizations.
Ford was a “Platinum” sponsor of the Rainbow/PUSH Wall Street Conference that took place January 8-11 in New York City, a designation costing $100,000.
Dr. Carl Horowitz, NLPC Senior Fellow, asserted, “As a company, Ford has seriously lost its way. Longtime employees who actually build cars are being let go as payments continue to a controversial figure like Jesse Jackson.”
And Justice O’Connor was impressed by the commitment of companies like this to “diversity”?
“And Justice O’Connor was impressed by the commitment of companies like this to “diversity”?”
And “profit.”
When you pay for “protection”, the thugs don’t care if you are making a profit. That’s your problem. Their cut comes off the top.
“When you pay for “protection”, the thugs don’t care if you are making a profit.”
I’ve never understood the problem with jesse jackson engaging in the market power of his boycotts. It seems quintesentially capitalist. Maybe that’s the problem some people have: market discipline for thee, but not for me.
I’ve never understood the problem with jesse jackson engaging in the market power of his boycotts. It seems quintesentially capitalist.
actus, only you would believe that a boycott is capitalist. What’s your view of extortion?
“actus, only you would believe that a boycott is capitalist. What’s your view of extortion?”
Extortion threatens violence and illegal actions.
That’s a boycott: market pressure. What could be more capitalist than a refusal to buy?
Actus you are embarrassing yourself, again. I guess you must have sleep through your economics class when they discussed boycotts. Boycotts are carried out for political reasons not economic reasons so they are certainly not part of capitalism. They are anti-capitalism.
I guess you are real proud of Jesse Jackson’s boycott of Busch.
“In 1998 the River North distributorship was purchased by two of Jackson’s sons, Yusef and Jonathan Jackson. They refuse to publicly disclose how much they paid for the distributor but the business was worth an estimated $25 to $30 million. Shortly after the sale, Jackson dropped his prior support of the Anheuser Busch boycott campaign.”
As I said, what are your views of extortion.
“Boycotts are carried out for political reasons not economic reasons so they are certainly not part of capitalism. They are anti-capitalism.”
It doesn’t matter the reason: its someone not buying. The freedom to buy or not buy from someone is the essence of capitalism. And It don’t matter why I’m doing it either. I aint guaranteeing it to be pretty.
“As I said, what are your views of extortion.”
Market power’s a bitch ain’t it?