And this is why capitalism strictly for profit is not a good thing

[thewayne]

"We offer a range of services that provide our clients with a one-stop shop for their outsource requirements."
—Modus Media, one of several firms that Bain Capital invested in that specialized in helping other companies move operations overseas

I've been waiting for this shoe to drop. My biggest problem with Wall Street is that once you incorporate and issue stock, you are practically required to make quarterly profits and to provide returns for your stockholders. This is not a sustainable model, but modesty and long-term viability are not part of the Wall Street equation.

I am especially amused by the horror stories of out-sourced programming projects that require almost an equivalent amount of re-work to make the final code viable. I'm not convinced that there's serious savings to be done there.

Comments

[silveradept]

The relentless drive for faster and cheaper usually crowds out the desire for better in the unfettered capitalism model. So it makes sense that someone would figure out that processes such as outsourcing would soon fall prey to the same drive.