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