"underscore the anarchy and lack of planning within the
capitalist system..."

Yeah, yeah. Minus the socialist yammering in this article, it has some great numbers on job cuts and investment which will help you explain to your mom why she's getting such a crappy christmas gift this year.

What the socialists don't really explore though is WHY millions of really smart people make enormously bad investing decisions create horrible supply imbalance over and over again. To them it's just the inherent problem of market economies, but there's got to be a way around this besides cumbersome planned economies. Ideas??

Telecommunications layoffs mount worldwide