Several years ago our government created an agency, with American tax dollars, to move American businesses from the United States to foreign lands where labor was much cheaper than here in the United States, and regulations were practically nonexistent. Trade agreements were passed through Congress to facilitate these business arrangements, and we were told that Americans will just have to accept a lower standard of living. Well, here we are. This is it.
True.
What most better off Americans apparently failed to realize, while they were casually dismissing those factory workers as unfortunate but the inevitable collatoral damage of the FREE TRADE policies, was that the better off Americans' economy is still linked to that of the working Americans' economy.
They forgot that we live in a consumer driven economy, and eventually if you casually dismiss the needs of the wroking class stiffs (that's most of us) that they can't pay their bills, even the upper classes suffer, as tthe working classes stop buying stuff and can no longer pay their share of local and sales taxes which pay for our state and local goverments are so dependent upon.
The only real long term benficiaries of this free trade policy are the corprorate interests which can take advantage of them.
But I am certain most of us understand that the mega-wealthy are seldom the victims of history since they are and will continue to be THE AUTHORS of most of it.
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