Saturday, February 16, 2013

A Thousand Cuts: Austerity Measures Devastate Communities Around The World


Commented Jul 12, 2012 at 11:00:26 in Politics

“I will keep pounding at this because no one else will. The opening of cheap labor to the world is why everything is crumbling in the western world. When enough jobs are lost to cheap labor it is going to affect your tax base. Without jobs were is the money going to come from? The rich? I do not think so. If you tax them and they can not find a way out of paying them, they will go else where. Globalization could be a good thing if the world was brought up to our level, but that is not going to happen under unregulated capitalism and no labor laws. Businesses can move to where they are not regulated. This enables non competitive monopolies. It does not take much thought to see where this leads. A third world world, with only the very poor and the very rich. All of this was brought on by the free trade agreement and Americans buying cheap foreign products while their fellow Americans were loosing their jobs. And people think that a president can change this. In that Romney is one of the rich, do you really believe he will even try to stop this? It seems to me that he was one of the first to jump on the outsourcing band wagon.”

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