Penn cleans house

[beachwalker]

does anyone believe that free market is natural and healthy ?

does anyone remember Korea ? Mexico ? The Free market (through industry) has hopped and skipped it's way around the 3rd world looking for labor to exploit or moves on when the countries standard of living gets to high

IMO, unfortunately that seems to be the norm in the animal kingdom. kill or be killed i guess....

it means we feel slighted because our quest for profit has superceeded our quest for excellence

[steelhead]

That's what happens when your economy is based on growth as opposed to sustainability.

[Billybob]

Beachwalker, your right. Companies have been chasing the cheap labor around the third world for decades.Gradually the standard of living and costs rise and they move on to the next.This migration has always had an effect on American jobs.But, China's gonna be the mother of all job busters.They just have sooo many people, and the investment community is Jumping all over it despite the political and economic risks. China is allowed to grow at an unprecedented rate on someone else's dime.
So perhaps it's survival of the fittest, and there's a new world order around the bend. The gravy train is pulling into the station.
The part I don't understand is: Why aren't we fighting it?
We are taking on water and standing on the foredeck, when maybe it's time to pull it into drydock and shore her up before we lose her.
If you know what I mean.

[PurpelNoon]

Why aren't we fighting it?



This country puts money and power ahead of all else. Things are not changed until the brink of catastrophe, and even then, the politicians have it all figured out so they will stand to benefit from it all somehow. In the end, it is always us that pay the price.

[ProfessorM]

Well hopefully Penn has moved forward with the firing of all that upper management and can get some people in there that can turn the ship around. They do have the Penn name and that is probably the most widely recognized name in fishing. Now they just need to get back to the drawing board and make some decent quality products. It can be done but they need to hire people that know how to turn them in that direction. Seems they have been resting on their laurels too long. If they wait too long though there are a lot of reel manufacturers out there just waiting to jump on their market share, if it hasn't happened already. As far as the relationship with their customers I guess they need work in that area too from what I have read. I hate to see any American manufacturing buisness that was so good at one time fall so far. Paul

[kayaman]

a few years back I had some problems with my penn reels and got no satisfaction from penn resolving these issues.... I went to shimmanno and haven't looked back......(well I did look at some of the penns last season, but walked away) .... it is a sad fact that all the sacred items that we used to pride ourselves with making have been outsourced ........