Exactly. The whole Keynesian model focuses purely on short term profit, at the expense of the long term one. A lot of people realised this decades ago, but the farce has kept going. I might even add that this has benefited quite a few influential personages... :O
cwstechnology commented on Offshorng Software Development Does Not Save Money.
i like the concept that you mention above that mange good poeple locally rather than manage the offshore team.