by If you move all your expertise and factories to another country, train the staff there how to use the technology, and school them in our universities, then you have to be pretty dumb not to expect those people to use that knowledge not to build their own technology in the future. We gave it away.Our response it's not to design and build our own better technology, but to pump money into the military industrial complex instead to force other nations to heal. Which is a big earner for the military industrial complex investors.We couldn't have done everything more wrong, including not investing in green energy, which would have paid off extremely well because everyone wants low cost, clean fuel.Our leading 'job creators' and 'entrepreneurs' are not so smart after all. Or perhaps they were
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Our response it's not to design and build our own better technology, but to pump money into the military industrial complex instead to force other nations to heal. Which is a big earner for the military industrial complex investors.
We couldn't have done everything more wrong, including not investing in green energy, which would have paid off extremely well because everyone wants low cost, clean fuel.
Our leading 'job creators' and 'entrepreneurs' are not so smart after all. Or perhaps they were rather cute, as they made themselves a lot of money out of it - selling the nation down the river. Paul Craig Roberts says they should be put on trail for treasin. It just goes to show how the market can get it all wrong.
Trump's trade war points the finger in the wrong direction. China behaved normally; corporate CEOs betrayed us
China is not “stealing” American jobs.
President Trump loves to blame China for the job losses that have devastated American workers under globalization. But the truth is that Trump is blaming the wrong party. Trump’s reckless trade war against China is misguided and amounts to a colossal charade that will not solve the actual problem.
Yes, it is true that numerous American manufacturing jobs have been shipped overseas to China, thereby leaving American workers jobless and suffering. But China did not steal these jobs.
No. These jobs were given to China. It was all legal and legitimate. China merely accepted the gift.
What would anyone expect China to do? Accepting these jobs was a perfectly rational course of action.
China was an underdeveloped nation with a large population of poor people willing to work for a fraction of the hourly wages of American workers. And then corporations came along and presented China with an attractive offer: We would like to build manufacturing plants in China and hire droves of your unemployed people to work there. What was China supposed to do? Naturally, China said yes.
This is hardly stealing.
Information Clearing House
No, Mr. President: China didn't steal our jobs. Corporate America gave them away