Everything That is Wrong With Wall Street

Banks give individuals home loans they can’t afford, the housing bubble spreads across the country, banks pools poor performing home loans into collateralize debt obligations to rate them as sound investments, local governments invest hundreds of millions into these collateralize debt obligations, the economy begins to slows down, hundreds of thousands are left unemployed, families can’t afford their mortgage, the housing bubble pops, banks repose homes, families are ruined, local governments lose millions from their pensions, some local governments go into bankruptcy, banks buy up homes for less than they worth, homeowners own mortgages for more than their homes are worth, banks begging renting homes back to families that lost their homes in foreclosures, banks push local governments to lower properties taxes since they now own a large number of homes, local communities lose out on income, funding to schools is cut, …

Outsourcing American Farms

If you want to go catch the illegal aliens, I’m sorry undocumented workers, on harvest season go swoop in to pick them up. … If the labor force is undocumented, I think there are a lot of people who would want to go and work there. There are a lot of people unemployed in California.
– Adam Curry, No Agenda Show, Episode 403

Adam Curry, who moved out of California and asks for donations online, instead of working farm jobs complains of others who do. Lets be clear, these jobs are migrant temporary jobs that usually paid in such a structure that the hourly rate comes out to sub-minimum wage. Adam Curry is not going to pick strawberries in California fields, and few other Californians are going to do so. Most Californians are all developing the next $1 billion startup or big television production deal. So if Adam Curry and other Californians are not going to harvest the crops then let others do so. If we can’t get migrant farm workers to come work on American farms, American farms will just shut down and that production will move out of the country.

Farm owners don’t necessary care who picks the fruits and vegetables off their land, they just care that they have a good harvest. American farmers care if they can afford to stay in business, if they can find the necessary workers, if they have access to water, and if they are going to be priced out or regulated out of business by the EPA.

American farms are under threat of extinction, just as American manufacturing has been mostly outsourced, so will American farms. We’ve lost so much ground on American manufacturing that the San Francisco Bay Bridge, a multi-billion dollar project, is largely constructed in China, transported on site in pieces, and assembled in place. If the Golden Gate was to be rebuilt today, it would be like any Apple product, designed in California, made in China. A project like the Bay Bridge generates more wealth and more jobs in China than it does in California.

American farms will go the way of American manufacturing. Go to your local grocery story, walk the produce aisle, and you will see that half the fruits and vegetables come from outside the country. You’ll see all sorts of produce from Mexico, Central America, South American, and even Southeast Asia. In the years to come, you’ll see more of this trend because American farms are being squeezed out by regulation, access to water, farm labor, and other costs to that point that most farms will simply be outsourced.