Occupy Underground
In reply to the discussion: So now Occupy is against world trade and capitalism? They will lose support of the 50+% of the 99% [View all]OrwellwasRight
(5,210 posts)The companies offshoring jobs are the same ones lobbying for lower taxes and less regulation. The financial sector is greedy and reckless, and a big supporter of opening financial markets overseas through trade agreements so they can do to foreign countries what they have done to the US.
We are not "richer" because of trade -- though corporations are. They push costs down by seeking to produce in the country with the lowest wages, worst labor standards, worst environmental enforcement, etc. Then they sell here, and keep the huge profit margins. Yes, the price of clothing may be a but lower these days (if you shop at Old Navy), but the price of many other things is up (education, medical care, insurance, housing, etc.). Families in the US are not doing better because of the congruence of neoliberal trade, tax, and deregulatory policies.
And certainly people treated one step above slave labor are not either.