That is greediness, period.
It is not about capitalism to me.
Capitalism can work and actually worked well. Still could. With clear rules. With ethics.
Yes they did that to increase profits, of course, and the governments did not see it as a problem back then and or did not care about and was not smart enough to foresee the destructive outcome.
I speak about America but of course isn't just about America only.
Also, it is not that every company is like that, there are even companies that strive and strived to keep stuff made in USA.
Those were the companies where an employee was not just not just an employee, and that would have hated to leave them jobless as they moved their plants to China or elsewhere.
Silly example, Speed Queen is a brand that takes huge pride to build stuff in USA. And Alliance is a global laundry giant...
We do not all invest, nor most, we (meant as people) mostly consume, which is different.
And if we don't produce as we let other countries do that we only consume and we have a problem.
Investors are rather the shareholders that buy stocks.
Of course goes along with profits.
But if you think to live thanks to dividends as they pursue ruthless greediness (unless you are extremely rich to buy a huge amount of stocks hence becoming one of them) you will never get actually rich and if you expect your country not to collapse and become increasingly poorer you are nuts.
Do you see your brothers and sisters buy stocks as they become jobless and can't even put bread on their tables?
But it all is related to the way we consume.
And again, besides rich chinese people I do not picture chinese people buy much of our stuff once they take over.
Obviously as already said it all boils down to the way we consume and how's regulated. How production is regulated that reflects on how we consume.
What we chose. And especially how market is regulated.
And again in that regard I say that since a company ethic looks like it is an important part for some or most or at Ieast they act like it is, I will never understand how some people can say to be a "human rights warrior" and happily buy china-bangladesh-vietnam made stuff as if those were not made with exploitation or from people in a country and system, where the human rights we are used to and take for granted they can only dream about. Reason for the cheaper labour cost.
I actually see people with certain beliefs and more than often accused to be racists rutheless corporate's friends etc to be really much more attentive to ethics and origin of goods vs people with others.
Also being patriotic became somehow a bad or racist thing.
And, as I said another time, it is not merely about the people anyway but a government.
As you can understand am not a fan of big government, but government is responsible to keep an econony good and a country florid. That is supposed to be its main goal.
I mean if not for regulating economy as the main job what you have a government for?
As said another time, the so much criticized import tariff thing as well as the "bring US Jobs back" thing, which of course came almost too late (and some people could argue just too late),at least came and I could see it working. Could be<span style="font-size: 12pt;"> done more? More smartly? Certainly!</span>
<span style="font-size: 12pt;">Globalisation can only work only as long as we have same standards and since of course we have not all same standards here comes the tariffs.</span>
<span style="font-size: 12pt;">These are things that in the late 90s early 2000ish would have been considered extremely leftist, I sympathize with the no global people.</span>
<span style="font-size: 12pt;">But now tides have turned.</span>
Tariffs are now racist or unfair or liberty limiting for some...
Unfair is actually how current trades and econmy are laid out.
Even for things such as regulations about pollution we are forced to follow, as the companies that strive to build stuff here are increasingly submerged with regulations and huge costs even in those regards (besides worker safety or stuff like paid vacations etc), China got nothing or little of all that!
Yet I see certain climate change warriors bashing USA and only USA with in USA withouy saying a word about China.
Which makes me wonder if they really care about what they claim to care about or they have been put there by someone.
[this post was last edited: 5/25/2021-09:03]