Wednesday, July 12, 2006

Doomed

As it becomes more and more apparent that the manufacturing industry in America is becoming a thing of the past, various political and economic pundits have lamented the coming woes of our nation. "Not to worry" say some of these experts. We will merely shift from a manufacturing to a service-based economy. To these so-called experts, I ask: have you actually attempted to use any of these services? Have you actually spoken to a customer service representative in the past decade? Have you even tried to deal with any so-called service providers recently? Tried to, say, cancel your AOL account or, maybe, fix your cable? The survival of our country depends on a shift to a service-based economy? We're doomed.

In other news, today's interview was re-scheduled yet again. Interesting how, last time, I was lectured on the timeliness of merger-arbitrage, and how the window of opportunity for such trades is usually no more than a few days. By the time I actually get in there for the next round, the deal in question will probably have closed.

2 comments:

Michael A. Seidman said...

Well argued, except try customer service ANYWHERE else - the stuff we call lowsy is white-glove service in Europe. Outside of tourist spots, I'd suspect our customer service is the best in the world, especially since we're the whiniest consumers in the world.

J said...

True, but the rest of the world either a) still has the capacity to succeed as a manufacturing-based economy or b) has a much stronger social safety net than the US. If our customer service is the best in the world, I'd hate to try to deal with a billing error from, say, DeutscheTelekom or Alcatel. Verizon is bad enough.