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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsREICH: The Prosperity Of Big Business Has Disconnected From The Well-Being Of Most Americans
President Obama is slamming Mitt Romney for heading companies that were pioneers in outsourcing U.S. jobs, while Romney is accusing Obama of being the real outsourcer-in-chief.
These are the dog days of summer and the silly season of presidential campaigns. But can we get real, please?
The American economy has moved way beyond outsourcing abroad or even in-sourcing. Most big companies headquartered in America dont send jobs overseas and dont bring jobs here from abroad.
Thats because most are no longer really American companies. Theyve become global networks that design, make, buy, and sell things wherever around the world its most profitable for them to do so.
Read more: http://robertreich.org/post/27527895909#ixzz215eiAZOa
1StrongBlackMan
(31,849 posts)Corporation domiciled in the U.S. are not American Corporations ... there is no such animal. Rather, corporations domiciled in the U.S. send their jobs to low wage/low regulation nation-state; their revenues to low tax nation-states; and their executives to the U.S., where the American tax-payer will protect their lives and lifestyles.
closeupready
(29,503 posts)nt
RadiationTherapy
(5,818 posts)Not me!