and when pointed out people are like "thats just the way the world works" and it makes me want to die
this post was submitted on 16 Jun 2023
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A Boring Dystopia
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Jack Welch, CEO of GE –
“Don’t own a cafeteria: Let a food company do it,” he advised. “Don’t run a print shop: Let a printing company do that... This is what outsourcing is all about,” he continued, blithely concluding that the jobs simply “migrated elsewhere,” as if the careers of thousands of Americans were birds seeking warmer climes.
Workers rarely fared so well at their new employers. Instead of having a job at GE, a stalwart of the Dow Jones Industrial Average and a reliably decent employer, the workers were funneled to contractors that typically offered inferior pay, little benefits and little job security."
(Source: The Man Who Broke Capitalism)
Lol, lets not let Chinese of the hook here alright? Chinese billionaires been running their sweatshops and buying up foreign property since forever ago.
Letting them off the hook for what though? Continuing the same behavior that the US used to have before the gains of the labor movement in the early to mid 20th century? That's why these companies all outsourced. Opening relations with China in the 70s gave them acess to cheaper labor where before they had less ease.
Is that any different than American billionaires? Or any billionaires?
Yes, it takes a certain type of person to want to be a billionaire - that's amount of money nobody could reasonably spend in a life time.
I'm just taking issue with this propaganda of "evil amuricans" when nationality has nothing do with anything.
Yep, my father (RIP) who was a staunch Republican was all about NAFTA back in the 90's
Why not call it both? Wouldn't be all too wrong.
Honestly I'm glad China has most of real capital and his holding the US by the balls.
To be fair we also have a lot of THEIR debt as well, we mutually hold each other's balls.
China will never call for immediate repayment because we could do the same thus ruining both nations economies
That is true, with the huge market that is the US China is very much reliant on it to continue developing and growing at the rate it is dokng now, it's not just the debts that would hold them back from it. But still, if one would cut out the other it would be China who'd recover a lot quicker.
Also adding to the debt issue, our world is very much run on debts and anything that would try to disturb this delicate balance definitely would bring chaos. There is a reason the US went off the gold standard, couldn't allow the French upset the power of the US dollar or set a precedent for others thus potentially killing the US' economy.