After a recent speech by a Fortune 50 CEO I started to wonder if there are American companies anymore or if Global corporations are pretty much all that exist anymore. Now I know there are many small and medium businesses that do a high % or 100% of their business in America. What I wonder about is the Fortune 500, how many of them are actually benefiting their country of origin or even care about their home country. I see Walmart giving $23+ million to Katrina relief while other companies that once were American give the typical $1 million, despite having billions in cash reserves (I am not counting matching funds just direct corporate donation).
Global competition demands that we meet the price/demand curve on products and so many corporations have become global not because of desire but rather for survival. Companies like GM, despite being global, are still in financial trouble but most companies insist they go global to reduce costs and remain competitive.
We as consumers in our quest for ever cheaper prices have changed our buying habits to the point that we are global consumers.
What came first the global consumer or the global corporation? And if you are a global consumer can you really complain that average family wages where you live are dropping?
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