Wednesday, September 23, 2015

Offshoring: destruction of the USA by capitalists

Offshoring is causing dire problems for the United States. I have suggested that one necessary reform is to break the connection between CEO pay and short-run profit performance. As long as CEOs can become rich in a few years by dumping their U.S. workforce, the trade deficit will continue to rise, and more college graduates will be employed as waitresses and bartenders.”

Source:
The Failure of Laissez Faire Capitalism
Paul Craig Roberts
Clarity Press, Atlanta, 2013

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