So claims the headline on their full-page ad in the Nation. Here is an
item from the website:
"GM, Ford and Chrysler still carry significant cost disadvantages
against Toyota plants located in the United States, thanks to clumsy
management and unrealistic wages, excessive fringe benefits and arcane
work rules imposed by United Autoworker contracts."
--"The Big Drag," Peter Morici, CounterPunch, December 11, 2008
Actually, this item is an example of the strength and weakness of
CounterPoint. In addition to denouncing a decent standard of living as
unrealistic, Morici relates a startling and rarely seen comparison: "In
2008 the Chinese government is on track to purchase about $685 billion
in foreign currencies. This comes to about 18 percent of China's GDP and
about 46 percent of its exports of goods and services."
CounterPunch does not have comments and does not encourage debate among
its contributors, although their viewpoints are all over the map.
Charles Andrews
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