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World News See other World News Articles Title: No, Mr. President: China didn’t steal our jobs. Corporate America gave them away 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. It is true that these new jobs in China were intended to displace American workers. But does that concern belong to China? Does China have the responsibility to care for the well-being of American workers? Is China supposed to prioritize American workers over its own workers? Of course not. China is supposed to look out for itself and for its own workers, not for American workers. Thus it was perfectly proper for China to allow the manufacturing plants to be built in China and employ Chinese workers. China did not steal these jobs. CONTINUE @ WHORE MEDIA Poster Comment: None of this would have worked if Wall Street Bankers had not first successfully over populated America. Our productivity has increased almost 500% since 1947 but wages have been stagnant or even declined in real terms if you use inflation figures from John Williams at Shadow Stats. The Wall Street Elite deliberately over populated America. Study the writings of Leon Walras and Wassily Leontieff. The latter won a NobelPrize in economics for his study of the American economy. He studied the inputs and outputs of American industry. Starting with an extractive industry like mining which outputs coal and iron. These outputs become inputs to the making of steel as an output. This steel in turn becomes an input to the making of cars and washing machines. Leontieff determined that American wages were a third higher than Europe because we had abundant natural resources to which we added value through the employment of skilled labor. The fly in the ointment for the American economy was that when our population went above 150 million and we had to import natural resources for the first time. In 1950, we were supposed to cut wages to pay for imported natural resources. The people who owned the government decided to print money by the trillion to: 1) pay for foreign wars and the occupation of foreign lands 2) to buy things for free from overseas, such as, oil, cars, electronics, food, toys, clothes and even vacations paying for it all with I Owe You Nothing Federal Reserve Notes.They did this so voters would not know that the Elite had planned to cut the value of their wages, pensions and savings. 3) to hire 31 million federal, state and local government workers to make it appear that Americans had high paying jobs with benefits despite over population. China is dumping US Treasury bonds all over the world financing ports, railroads, and other projects. One day in the near future people overseas will refuse to sell to us for dollars. They will demand commodities, oil, gold, silver or anything of value. Half of all US dollars are overseas. Their forced repatriation will double prices over night and permanently cut the value of wages, pensions and savings in half. 3 million Americans starved to death in the 1930s. We have added 205 million people to this nation since then. I think the Elite want us to have a circular firing squad and kill everyone else. The Uber Rich would be safely tucked away in underground fortresses or so they hope. Open Borders and sanctuary cities will get Americans killed by the tens of millions as soon as the Dollar Dies and wages and pensions are cut in half permanently through inflation and over population. Might I point out that the population of Mexico in 1950 was 28 million. Today there are 34 million Mexican Americans and 132 million people in Mexico. Solving the over population problems of Latin America,Africa, the Mideast and Asia is way beyond our ability. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 1.
#1. To: Horse (#0)
because of strong unions which overwhelmed management which threw in the towel causing in Canada steel companies like Stelco and Algoma to go bankrupt, in US Chrysler. Knowing this an investor would be foolish to invest in strong union companies.
#2. To: Tatarewicz (#1)
Wages were a third higher in America long before unions. Europe was over populated and allowed no freedom. When America became over populated in 1950, productivity still soared but wages stagnated because of too many immigrants competing for jobs and housing. Wages down. Rents up.
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