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.”

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

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