| 00:00:29 |
none, -
OVERSEAS." AND HIS BOOK WILL BE AVAILABLE FOR YOU TO PURCHASE AT THE END OF THE PROGRAM TODAY. RECENTLY, IT SEEMS IMPOSSIBLE TO READ A NEWSPAPER, TURN...
|
| 00:04:04 |
Unidentified Speaker, -
YOU. SO FIRST OF ALL, LET'S BEGIN WITH THE ISSUE OF OUTSOURCING, IF I MAY. AND TRY TO PUT IT IN SOME CONTEXT. THE ISSUE BECAME CRITICALLY IMPORTANT...
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| 00:16:39 |
Unidentified Speaker, -
WORD EXPLOIT WORK FORCES ABROAD. I DON'T THINK WE EXPLOIT, WE CREATE WORKPLACES FOR OTHER PEOPLE ABROAD. I DIDN'T REALLY GET AN EXPLANATION WHY OUTSOURCING...
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| 00:16:54 |
Unidentified Speaker, -
TO THE LEVEL OF THE DOLLAR TODAY. BUT THERE'S ANOTHER QUESTION THAT I WOULD LIKE -- >> DID YOU SAY THE LEVEL OF THE DOLLAR? >> YES. TO THE LEVEL OF...
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| 00:17:19 |
Unidentified Speaker, -
RESEARCH AND DEVELOPMENT, IN TERMS OF
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| 00:17:21 |
Unidentified Speaker, -
CREATING NEW JOBS. YOU KNOW, I'M COMING FROM SWITZERLAND WHICH IS A HIGH INDUSTRIALIZED COUNTRY AND ACTUALLY WE ARE OUTSOURCING SOME WORKPLACES HERE...
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| 00:18:12 |
Unidentified Speaker, -
OUTSOURCING. THEY ARE HERE TO EXPLOIT THIS MARKET. I USE IT IN AN ECONOMIC TERM. THEY'RE NOT CREATING JOBS HERE TO REDUCE EXPENSES FOR THEIR HOME OFFICE...
|
| 00:19:05 |
Unidentified Speaker, -
HERE AND SIMPLY SHIPPING THE JOB
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| 00:19:09 |
Unidentified Speaker, -
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| 00:19:10 |
Unidentified Speaker, -
TO MANILA, SIMPLY TO REDUCE COSTS IN ITS HOME ECONOMY PROVIDING THE SAME SERVICE, THE SAME PRODUCT. BUT SIMPLY ELIMINATING THE JOBS. SO THEREFORE IT'S...
|
| 00:19:50 |
Unidentified Speaker, -
SO BE PATIENT WITH ME. >>
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| 00:19:51 |
Unidentified Speaker, -
YOU GAVE ME THE FLOOR. >> THE
|
| 00:19:53 |
Unidentified Speaker, -
NEXT ELEMENT OF THAT, WHY DO I LOOK
|
| 00:19:55 |
Unidentified Speaker, -
AT IT SO NARROWLY? I THINK I LOOK AT IT
|
| 00:19:58 |
Unidentified Speaker, -
RATHER BROADLY IN POINT OF FACT. EVERY JOB THAT IS LOST IN THIS COUNTRY -- NET JOB THAT IS LOST REDUCES
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| 00:20:04 |
Unidentified Speaker, -
THE TAX BASE THAT PROVIDES FOR EDUCATION. THAT IS ONE OF THE POINTS I MAKE RATHER STRONGLY IN THE BOOK AND IN OUR
|
| 00:20:12 |
Unidentified Speaker, -
REPORTING. THE FACT IS THAT THE EDUCATIONAL SYSTEM
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| 00:20:14 |
Unidentified Speaker, -
IN THIS COUNTRY WHICH WAS WAS -- WHICH HAS BEEN ONE OF PUBLIC EDUCATIONAL SYSTEM IN THIS COUNTRY WHICH HAS BEEN IN MY OPINION THE BACKBONE OF SO ...
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| 00:22:08 |
Unidentified Speaker, -
NECESSARY, AS A MATTER OF FACT, THAT WHEN YOU PRESENT THIS, YOU REALLY HAVE TO DISAGGRAVATE IT, BECAUSE YOU GAVE US A BIG OMELET HERE AND THE WORD...
|
| 00:22:22 |
Unidentified Speaker, -
EGG, AN OMELET THAT HAS BEEN GIVEN HERE. I MEAN, THERE ARE ISSUES THAT ARE BEING DISCUSSED, THERE ARE ISSUES OF TRADE, ISSUES
|
| 00:22:28 |
Unidentified Speaker, -
OF OUTSOURCING, YOU HAVE COMBINED THE TWO AND THEY DO OVERLAP. >> NO. >> OK. IN ALL DEFERENCE, I THINK IT'S AN IMPORTANT SUBJECT BUT I THINK THAT...
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| 00:22:52 |
Unidentified Speaker, -
MORE COMPLICATE AND TO
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| 00:22:53 |
Unidentified Speaker, -
SAY THAT IT'S AMERICAN GREED IN AND ITSELF IS A JUDGMENT. CAPITALISM -- >> YOU MAY DISAGREE WITH ME -- >> YOUR POINT IS WELL TAKEN. >> THANK YOU FOR...
|
| 00:23:07 |
Unidentified Speaker, -
|
| 00:23:12 |
Unidentified Speaker, -
QUESTION. >> HE SNUCK UP ON YOU. >> THING IS THE ONE THAT OTHERS CAN USE. I'M FROM THE UNITED
|
| 00:23:18 |
Unidentified Speaker, -
NATIONS. THE MIC
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| 00:23:21 |
Unidentified Speaker, -
DOESN'T WORK. IS THIS BETTER? I'M FROM THE UNITED NATIONS, AND I HAVE TO TELL YOU, MR. DOBBS, YOU OFTEN HAVE ME ON THE HORNS OF A DILEMMA BECAUSE
|
| 00:23:32 |
Unidentified Speaker, -
AS A U.N. OFFICIAL, I DON'T KNOW
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| 00:23:34 |
Unidentified Speaker, -
WHETHER TO BE RELIEVED WHEN YOU
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| 00:23:35 |
Unidentified Speaker, -
BASH OUTSOURCING TO INDIA BECAUSE IT DEPRIVES YOU OF TIME TO BASH THE U.N. SO -- >> THAT'S WHY WE HAVE A ONE-HOUR BROADCAST. SO WE DON'T HAVE TO MAKE...
|
| 00:24:03 |
Unidentified Speaker, -
OF IRAQ WHICH IS THE CARNEGIE OF ETHICS. IF
|
| 00:24:09 |
Unidentified Speaker, -
I GO TO THE ETHICS OF YOUR POSITION ON THIS ISSUE. ARE YOU ESSENTIALLY SAYING THAT YOUR VIEW, WHICH WAS EXPLAINED AS A BROAD VIEW IS NONETHELESS CONFINED...
|
| 00:25:25 |
Unidentified Speaker, -
BY THE WAY. SECONDLY, THE IDEA THAT ONE CAN TAKE A TREASURE LIKE THE U.S. ECONOMY THAT IS AN ENGINE THAT IS DRIVING RIGHT THIS VERY MOMENT THE ECONOMIES...
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| 00:27:07 |
Unidentified Speaker, -
AND I BELIEVE
|
| 00:27:08 |
Unidentified Speaker, -
IT WAS JUST ANNOUNCED YESTERDAY OR THE DAY
|
| 00:27:11 |
Unidentified Speaker, -
PREVIOUSLY THAT CHINA AND ABOUT 10 OTHER NATIONS IN THE FAR EAST HAVE
|
| 00:27:15 |
Unidentified Speaker, -
CREATED A FREE TRADE ZONE. ARE THEY GOING TO FREEZE
|
| 00:27:19 |
Unidentified Speaker, -
US OUT OF OUR GOODS AND
|
| 00:27:21 |
Unidentified Speaker, -
SERVICES FROM THE FAR EAST? >> BLOCK TRADING IS SOMETHING THAT THE BUSH ADMINISTRATION AND THE CLINTON ADMINISTRATION HAS BEEN WORKING VERY HARD TO BREAK...
|
| 00:27:45 |
Unidentified Speaker, -
DYNAMIC ECONOMIES AND GLOBAL COMPETITORS FOR RESOURCES. THE PROBLEM IS AND OUR POLICYMAKERS ARE NOT RECOGNIZING THAT. IT'S NOT A POLITICAL MOTIVATION,...
|
| 00:30:08 |
Unidentified Speaker, -
THAT INTERESTED ME. YOU SAID THAT IT WAS NOT BY ANY MEANS CLEAR THAT EXPORTING JOBS
|
| 00:30:18 |
Unidentified Speaker, -
WAS ECONOMICAL. THAT IS TO SAY, IT WAS NOT CLEAR
|
| 00:30:22 |
Unidentified Speaker, -
THAT THE WAR IS CHEAPER ABROAD. >> IF YOU HEARD ME SAY THAT, I MISSPOKE. WHAT I MEANT TO SAY WAS THAT THE LABOR SAVINGS IS SUCH -- IT'S ONLY AT THE...
|
| 00:30:48 |
Unidentified Speaker, -
READING THE BOOK TO SEE A BIT MORE. BECAUSE IT DOES STRIKE ME AS SURPRISING THAT AMERICAN BUSINESS WOULD MAKE A JUDGMENT SO CARELESSLY. I MEAN, IT SEEMS...
|
| 00:31:02 |
Unidentified Speaker, -
THAT IF YOU BELIEVE IN FREE ENTERPRISE, BELIEVE IN THE PROFIT MOTIVE F YOU MAKE DECISIONS BASED VERY MUCH ON A QUESTION OF THE COST STRUCTURE OF YOUR...
|
| 00:32:35 |
Unidentified Speaker, -
PERIOD NO MORE THAN 4.5%. SO THE ARGUMENT THAT THE CONSUMER IS BENEFITING, YOU KNOW I TAKE YOUR POINT. IT IS A POINT AT LARGE. THE FACT IS THAT INFLATION...
|
| 00:34:09 |
Unidentified Speaker, -
THE PROBLEMS BECAUSE I DON'T THINK WE'LL BEGIN TO SOLVE THEM WITHOUT THAT, THE REALITY IS THAT WE ARE IN A DIFFERENT WORLD. THE WORLD OF 2004 AND BEYOND...
|
| 00:34:19 |
Unidentified Speaker, -
AND IT WILL CONTINUE TO CHANGE.
|
| 00:34:20 |
Unidentified Speaker, -
WE HAVE JUST ADDED IN THE RECENT YOU KNOW, FIVE YEARS, FIVE MAJOR CONTINENTAL ECONOMIES INTO THE WORLD ECONOMY. CHINA, INDIA, BRAZIL AND MEXICO AND...
|
| 00:34:50 |
Unidentified Speaker, -
THAT THEY'RE AVAILABLE BECAUSE WE
|
| 00:34:52 |
Unidentified Speaker, -
NO LONGER HAVE WHAT YOU CALL NATIONAL LAKERS FORCES. WE REALLY HAVE A GLOBAL TALENT POOL. ONE OF THE REASONS WHY WE'RE ENCOUNTERING
|
| 00:35:04 |
Unidentified Speaker, -
SOME OF
|
| 00:35:05 |
Unidentified Speaker, -
THESE ISSUES PARTICULARLY AT THE HIGHER END IS THIS BECAUSE IN EFFECT WHAT WE'RE SEEING IS A RECONFIGURATION OF ALL OF THE STRUCTURES OF HOW R&D AND...
|
| 00:35:44 |
Unidentified Speaker, -
SOUTHEAST
|
| 00:35:46 |
Unidentified Speaker, -
|
| 00:35:47 |
Unidentified Speaker, -
ASIA AND EVERYWHERE AROUND THE WORLD. SO WE HAVE ENTERED A DIFFERENT ERA AND PART OF THE NATIONAL STRATEGY IS GOING TO REQUIRE
|
| 00:35:53 |
Unidentified Speaker, -
US TO THINK ABOUT HOW IN FACT WE CAN MAKE BETTER USE OF CHINESE ENGINEERS, MORE USE OF INDIAN ENGINEERS AND AS INDIAN COMPANIES BUILD UP THEIR CAPABILITY,...
|
| 00:36:30 |
Unidentified Speaker, -
EVEN A
|
| 00:36:31 |
Unidentified Speaker, -
BIGGER CONCERN BECAUSE IT'S TELLING ME THAT IT USED TO BE LIKE SWISS AND GERMAN AND EUROPEAN COMPANIES CAME TO US TO EMPLOY OUR ENGINEERS. >> IN THE...
|
| 00:36:47 |
Unidentified Speaker, -
AND JAPAN HAVE BEEN WITHDRAWING
|
| 00:36:48 |
Unidentified Speaker, -
FROM OUR DEBT MARKETS AND ARE NOT SUPPORTING TATE SAME LEVEL OUR BORROWINGS? BECAUSE THEY HAVE THE HAMMER HAND. AND THEREIN IS ONE OF THE GREATEST VULNERABILITIES...
|
| 00:37:02 |
Unidentified Speaker, -
TO TALK ABOUT TRENDS, CONTINENTAL, CROSS-TRAINING, ALL OF THIS. IT IS JUST INTERNATIONAL BUSINESS. WE DON'T NEED FANCY WORDS FOR IT. WE ARE TALKING...
|
| 00:38:59 |
Unidentified Speaker, -
OF LOWER COSTS? THEY CAN'T PURCHASE ANYTHING. >> RIGHT. AND THAT'S EXACTLY THE POINT. IF THIS -- IF THIS IS EXPANDED, THE PRACTICE OF
|
| 00:39:10 |
Unidentified Speaker, -
OUTSOURCING, YOU ARE
|
| 00:39:12 |
Unidentified Speaker, -
DIMINISHING BY OUTSOURCING, YOU ARE DIMINISHING THE POWER OF THE ECONOMY. YOU KNOW, ONE OF THE GREAT TESTS FOR
|
| 00:39:23 |
Unidentified Speaker, -
OUTSOURCING IS WHEN'S THE LAST TIME YOU HEARD OF A C.E.O.'S JOB BEING OUTSOURCED OR THE BOARD OF MANAGERS? IT DOESN'T HAPPEN. IT'S STRICTLY ON A COST...
|
| 00:41:04 |
Unidentified Speaker, -
PEOPLE IN FRANCE
|
| 00:41:05 |
Unidentified Speaker, -
HAVE URGED ALL KINDS OF REGULATION TO PROTECT FRENCH BUSINESS. BUT AS A RESULT, AMERICAN BUSINESS HAS DONE EXTREMELY WELL ALL OVER THE WORLD. YOU SAY...
|
| 00:41:56 |
Unidentified Speaker, -
STATES AND GIVE UP THE JOBS. THEY'RE MORE THAN WELCOME TO KEEP THEM IN SWITZERLAND. BUT THE POINT BEING, SWITZERLAND SHOULD NOT HAVE THE OPPORTUNITY...
|
| 00:42:38 |
Unidentified Speaker, -
THEY? >> -- THEY'RE CREATING MORE HIGHLY -- HIGH-END JOBS IN SWITZERLAND AND THEY EXPORT OTHER JOBS TO THE STATES. IT'S A WIN-WIN APPROACH. >> YEAH....
|
| 00:42:51 |
Unidentified Speaker, -
I UNDERSTAND THE CLICHE. BUT WHEN YOU HEAR SOMEBODY SAY WIN-WIN IN THESE ARGUMENTS, TRUST ME, REACH FOR YOUR WALLET.
|
| 00:42:59 |
Unidentified Speaker, -
OK? IT IS GREAT BEING WITH YOU. I THINK YOU HAVE GOT SOME GREAT QUESTIONS, AND WE NEED SOME ANSWERS. >> MR.
|
| 00:43:08 |
Unidentified Speaker, -
DOBBS, YOU HAVE NEVER BEEN
|
| 00:43:10 |
Unidentified Speaker, -
ONE TO SHY AWAY FROM CONTROVERSY AND I THINK YOU FELT RIGHT
|
| 00:43:14 |
Unidentified Speaker, -
AT HOME THIS MORNING. SO THANK YOU VERY
|
| 00:43:29 |
Unidentified Speaker, -
MUCH. >> I
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.