Long term, it is not good for corporations either. At some point, if it continues, Americans, who are the prime consumers of most corporations, if they are impoverished, they will also stop buying goods and services and corporations will lose their profits.
you blaming corporations or government and liberalism?
Corporations don't think long term. Their focus is on the present and what's happening with their stock price.
One would think so but check the demographics. Asia has two billion plus potential consumers, America, 330 million. Yeah there are income differences at present but the playing field is being leveled. America will not be a prime market in the future.
I have been using that argument ever since NAFTA kicked in and its "virtues" were extolled. I wrote corporate CEOs and the media and said they all they were doing was laying off each others customers.
Those who bothered to answer patted me on the head and said that Global Competition (a race to the bottom) was good for us. I responded that I had no problem competing internationally with places like Europe where wages were equal or higher (we could lick 'em hands down). My problem was placing U.S. workers in competition with people who lived in mud huts and thought $1 a day was a great wage.
We are seeing the results today, and those same people can't seem to make the connection.
Doesn't stop those on welfare from chasing the free stuff with total disregard for the fact that it effectively enslaves them and the gravy boat will run dry at some point.
The similarity is that both are results of "liberal" lawmakers who think all money belongs to the government.
American corporations have no loyalty to any particular nation. Capitalism is good, globalism is a perverted form of capitalism in which American corporations will sell their own nation down the river for a buck.
There will be those who chime in and get all snarky, calling folks like me isolationist and so forth, but proofs in the pudding.
The United States was once the world's sole economic powerhouse. This is no longer the case. Many industries left long ago and Lord forbid we ever find ourselves in another World War. America manufacturing would be in serious trouble as many skill sets would have to be trained and proficiency would likely take many years.
American corps are using the excuse that there isn't enough skilled labor in America so we must have H1B visas to make up for the shortfall. This simply isn't true.
Speak to an Indian or Chinese engineer working in the U.S.. Won't take long to extract the real truths that surround their employment here in the U.S..
Capitalism is good. Free markets and free expression of ideas has proven to create industrial engines and second to none productivity. No dispute.
American corporations are complicit and should be ashamed allowing China to exploit their population in such a way. They've turned a blind eye to air/water pollution, child labor, poor factory work conditions...all for a $$buck$$.
American corporations have moved offshore in an effort to skirt worker safety, compensation and environmental safeguards not to mention the danger to the national security of the United States by allowing a communist country which is technically our enemy to gain militarily on us. Don't believe these things? Check out the resources below.
http://aqicn.org/map/china/
http://goodelectronics.org/news-en/suicides-continue-at-foxconn-two-workers-in-zhengzhou-die-after-jumping-off-buildings
https://sites.google.com/a/tapa.tp.edu.tw/modern-day-slavery/child-labor/child-labor-in-chinahttp://www.businessinsider.com/china-water-pollution-photos-2014-7?op=1
http://www.reuters.com/investigates/china-military/
http://www.washingtontimes.com/news/2014/jan/16/us-military-dominance-pacific-decline-says-top-adm/?page=all