The accumulated effect of years of shipping high paying jobs to low wage sweat shop companies and the following wave of lay offs in high paying jobs state side all have come together to do in the ExciteAtHome internet service provider which filed for bankruptcy on Friday. As Albert Einstein pointed out turning his mathematical mind towards economics, "low paid and unemployed workers do not provide a profitable market' and that this combined with the accumulation of capital in fewer and fewer hands results in 'increasing severe depressions' in the economy (during the 'Reagan Revolution' the amount of wealth concentrated in the hands of American capitalists increased from about a quarter to close to one half, and as Einstein pointed out, this 'instability in the accumulation of capital' combined with the resulting unemployed and low paid workers results in an economic depression).

Excite is not the first high speed provider to go belly up and is also not the first to be swallowed up by giant AT&T on the cheap after taking a nose dive.

Wired carries the story of the Excite bankruptcy on their website:


SAN JOSE, California -- ExciteAtHome, the leading provider of high-speed
Internet access over cable television lines, said Friday it will sell its network
to AT&T for $307 million and file for bankruptcy protection.

Under the agreement, the once high-flying company's network would become
a part of AT&T, which already has a controlling interest in ExciteAtHome.
The deal is subject to a bankruptcy judge's approval.

The bankruptcy petition, expected to be filed late Friday in San Francisco, is
not expected to result in any service disruptions to ExciteAtHome's 3.7
million subscribers.

 http://www.wired.com/news/business/0,1367,47202,00.html