Originally Posted by
Shamus O'Toole
Lemme change this up and ask you this . Would you be willing to do away with the american dollar and go with something like Europe has (Euro)? Because in a true "global" economy there would only be one form of currency. I for one an not going to give up what has been so hard fought to get.
The major problem with these family owned companys being sold to over seas investors is that the family atmospere of a smaller company dies. My company used to be a medium sized family owned manufactor and was bought by an over seas comglomerate (sp). It went from a tight group of people that worked hard for each other to a cut throat look at me craphole when they brought in there people to run the show. Trust me it sucks!!!
We worked so hard to get that USD, hmm? Well, not only is the Euro worth a lot more than the USD, but the GBP, which is what we'd otherwise still be using, is way over the value of a dollar too. They both have been for a long time, too.
Seems pretty shitty to me. Nonstandaradized currency is a huge hurdle to global commerce, and in our lifetimes I believe we very well may see a standardized currency. And you know what? If what happened with the Euro once it was standardized happens with whatever ends up being the end-all currency, amidst all the screams of, "OMG THIS IS UNAMERICAN!" we'll have the most valued currency in the history of the world.
Family owned companies are all good and great - small business definately fills a niche for the American market, but I somehow doubt foriegn investors want to buy mom and pop's grocery store down the road and manage it from Turkey. Also take note, the giants in every industry started out as small businesses; they're now huge international conglomerates for a reason.