Bob's Links and Rants

Welcome to my rants page! You can contact me by e-mail: Blog roll. Site feed.

Monday, October 13, 2003

At Ford, the race to the bottom is job one
Last week, I linked to a story about how Ford was going to send more production to its Hermosillo, Mexico plant. Today, I read that Ford and Mazda are going to invest $540 million in a plant in Thailand.

Ford noted that Thailand offers tax incentives, relaxation of foreign ownership restrictions, policy and economic stability.

In other words, Thailand's wealthy leaders were willing to offer their cheap labor to Ford cheaper than were Indonesia, or the Phillipines, or China, or Vietnam. Those workers in Mexico should take note--any attempt to get decent wages or working conditions and Ford will be fleeing to Bangladesh or Afghanistan. Giant corporations have pitted state against state, country against country, and workers against workers, with the net effect that the rich get richer and the poor get poorer. There are some benefits to having multinational corporations, but almost all of those benefits go to the very few people at the top.