Your kidding right?
It wasn't enough that we had free trade (notice I didn't use fair trade), corporate America with the help of the bought and paid for congress accelerated free trade into hyper-globalism.
The wealthy have become even wealthier off the backs of near slave labor.
The standard of living for the middle class is shrinking.
I work for a large fortune 500 company, 100 billion a year in revenue.
Corporate elites have enjoyed lavish bonuses, stock options, salaries / perks and then the ol golden parachute that equals the GDP of a small country. It's down right shameful.
One of our former CEO’s left with a package valued over 30 million.......that was more than one of our departments made all year.
Suckin the juice of life out of America and these globalist care not one iota nor hold any allegiance to the USA.
All the while, the worker bees have seen their benefits reduced, cost skyrocketing, frozen or paltry salary increases, elimination of pensions, and every other cut imaginable down to plastic sporks.
I've been in corporate life since 1984, I've never seen such penny pinchin in all my life.
The way free trade works is everyone gets a better chance to sell their labor on the world market. Overpriced labor, like American union labor, doesn't do as well. But poor people do better. The more poor they are, the better they do in terms of standards of living. As a direct result of worldwide free trade, the number of people in abject poverty has dropped from 40% in 1981 to 20% today. Protectionism in any form does worse, whether countries denying their people a choice of worldwide products, or American labor protecting their overpaid positions.
One of our former CEO’s left with a package valued over 30 million.......that was more than one of our departments made all year.
You are probably confusing our enormous credit bubble with what used to be capitalism here. We have lots of speculation, LBOs and takeovers, quick hitting executives who aim for one year or less profits. These are all effects of the credit bubble. Capitalism is still there however, and talented capitalists, entrepreneurs, inventors, etc can benefit from the easy credit also.