Jul. 30th, 2011

acroyear: (don't let the)
I, Cringely » Blog Archive » Internet Class Warfare - Cringely on technology:
In the conflict between big and small I tend to come down on the side of small. We’re recovering from the worst recession in a generation and big companies aren’t doing a damn thing to help. They don’t pay taxes, they don’t create jobs, they don’t spend money, and as a result the economy is under-stimulated. Large U.S. corporations have restructured themselves to avoid taxation, they see their primary function as increasing productivity which means decreasing employment, they have their highest profits ever and are sitting on $2 trillion in cash that they aren’t going to spend.

In contrast to this, small and medium-sized businesses, which are responsible for all new job creation in this country, can’t get banks to loan them any money to fund those new jobs.

The priorities of American big businesses are completely screwed-up while small businesses are, for the most part, ignored.
A thousand others have said the same thing. I wonder if some day we'll actually notice they're right, as they have been for decades.

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