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This is what I was thinking... These corporations are the ones whom benefited from exporting the production infrastructure at the expense of the labor market.
by Meandering 5y ago
This is what I was thinking...
These corporations are the ones whom benefited from exporting the production infrastructure at the expense of the labor market. Now, they want the labor market to fund the redevelopment of the infrastructure for their benefit.
I'm confused as to why the US government needs to be involved capital investment when these companies are boasting historic profit margins.
- hashmymustache 5y agoI emotionally agree as you are correct and it is infuriating, but on the other hand it is the responsibility of the federal government to protect (subsidize, trade policy), and regulate domestic production of vital goods. Companies exported manufacturing because the government, elected by its citizens, did nothing to stop them. On some level it is very much the tax payer responsible for recalibrating the imbalance even if they aren’t to blame.
- nickff 5y ago>"Companies exported manufacturing because the government, elected by its citizens, did nothing to stop them." Another way to look at this is to say that other countries are now more appealing places to manufacture certain goods than the USA is. Everything is relative, and other countries have agency too.