Saving the rich, losing the economy

by Bill - 2011-09-27 - in life/money/employment


from http://www.counterpunch.org/2011/09/26/saving-the-rich-losing-the-economy/

US politicians, such as Buddy Roemer, blame the collapse of US manufacturing on Chinese competition and "unfair trade practices." However, it is US corporations that move their factories abroad, thus replacing domestic production with imports. Half of US imports from China consist of the offshored production of US corporations.

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