Why is the Global Economy close to a second recession and why has the US Economy failed to recover? Simple. Democracy and Corporate Monopolies.
In order to understand how this might be possible, it would be good to understand how Corporations work in regards to Infrastructure development projects.
Example: A Government body decides that they need build a new airport. They work out the cost of investment and the number of jobs that will be created through the process. I.e 5000 Construction Staff. There are 10000 unemployed, but 5000 currently working in this same industry. So they estimate that half their unemployment numbers will be reduced by 50%, making it 10000 employed and 5000 unemployed.
Makes sense so far? sounds good?
Ok, the next step is to release the project to a Tender Bid. This is when they invite all the EPCM's to bid on the costs. The problem is, alot of these EPCM's have an existing workforce and engineering team and add the acquired work onto the end of their contract amounts. They may only recruit another 1000 staff because they use their existing teams.
Does this make sense?
