▲ | xyst 5 days ago | |
Blaming tariffs when it was the greed of Wall Street, private equity, hedge funds, "corporate raiders" that ultimately shipped manufacturing overseas. All of this under decades of psuedo-economic theory called neoclassical economics. Then this is taken further under neoliberal economic policy — "reagonomics" and "trickle down economics". These greedy fucks in the 1970s sold out current generations so they could min/max profit for themselves and billionaire buddies. All of this at the expense of decimating: local manufacturing industries, environment, public safety nets, and sustainable living. | ||
▲ | linuxftw 5 days ago | parent | next [-] | |
I'm assigning blame to the greedy corporations. If consumers have $100 to spend on an item, corporations can either make it domestically for $90, or move production overseas and make it for $80. The consumer is going to pay $100 in either scenario. Lowering the tariffs ensured that the products would be made overseas so the executives can profit on the slave labor. I'm not attempting to assign blame to one political party or another. Reasonable tariffs to protect domestic labor should be a bi-partisan issue. | ||
▲ | Ray20 3 days ago | parent | prev [-] | |
>it was the greed of Wall Street, private equity, hedge funds, "corporate raiders" that ultimately shipped manufacturing overseas Let's call a spade a spade: it was the greed of AMERICAN WORKERS that shipped manufacturing overseas. Wall Street, private equity, hedge funds, "corporate raiders" has almost nothing to do with it. |