Joe Weisenthal has been a financial guru since he got out of college – in other words has never actually done an honest day's work in his life – and he writes that we need manufacturing because "in a country with 300 million people, with the staggering diversity we have, we're ALWAYS going to have people who are ill-equipped for 'service' or 'knowledge' labor which was supposed to replace the manufacturing that went overseas. There's always going to be a sizable chunk of the population that lack either the intelligence or just the temperament to do something that isn't physical or manual."
We need manufacturing because many of us are too stupid to be like him ???
In one fell swoop,he has shamed both his parents and the University of Texas on a level that hara kari should be a strong consideration. Joe, the part you got right is that it is an "unspeakable reason." It is unspeakable because it is hard to imagine greater ignorance on so many levels. Mama and Papa Weisenthal should be embarrassed at having raised a son with so little regard for work. We have all met people who seem to have been born with a silver spoon in their mouths. Joe is way beyond that and was obviously born with a 14 carat gold plated snow shovel planted deeply up his backside. I wonder who the ignorant working stiff is who picked up the tab for Joe's college education – the one that put him so far above the working stiffs of the world.
The collective faculty of the University of Texas should consider resignation at having granted a degree to someone with such appalling ignorance of economics, and no clue whatsoever as to what built the greatest economy in history – the one that enables folks like Joe to live the good life without doing a minute's honest work. I would have thought one would have to attend an Ivy League school to become that full of one's self.
Al Gore should be ashamed at having single-handedly inventing the Internet, only to have it so perverted with the writings of a spoiled brat like Joe.
Mostly, though, we should all be ashamed. You see, Joe is no obscure blogging hack. At Evolving Excellence we have the honor of writing for the most widely read manufacturing site in the world – and the volume of traffic on Joe's blogs dwarfs us. We have created a culture in the United States in which people like Joe can sincerely believe that a life of selfishness, sloth and greed on Wall Street – a life of enriching one's self on the back's of other people's work - is proof of superior intelligence over those who make an honest living in Americas factories and fields.