Surviving Capitalism (Not) : Where are the jobs? For many companies, overseas

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Wednesday, December 29, 2010

Where are the jobs? For many companies, overseas

from Associated Press.

Welcome to the globalization phase of capitalism. The article illustrates how economies directed by capitalist ruling classes (what economies aren't nowadays?) dictate that investments should only be directed toward areas of the globe where short term profits can be realized. If you like capitalism, then you must love what is happening in today's world. If you own stocks in any of 96% of the top 500 US corporations, you must love corporations and the system that created them.

Jobs (in the US)? Who among those who rule the world like jobs. They are a cost of doing business and therefore cut into profits. Hence, if you are a capitalist, you go where people will work for the lowest wages. What could be easier to understand than that? What is so difficult to understand is why working people put up with this arrangement and believe all the lies they are told by capitalist media. See this.