“Oh, yeah “Walmart destroyed our economy” but only after Sears and Montgomery Ward, then K-mart.
Relatively few Chinese are driving any car much less Buicks.”
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A Congress and White House that for 40+ years not only permitted but encouraged outsourcing our means of production has made China strong and Americans poor and depleted our Treasury and soon we will all pay dearly for it.
When you have a country that traded its self sufficiency in real production of usable tangible products, so it could create a segment of overcompensated bankers playing games with their casino, along with an overcompensated entertainment industry of make believe and hype that deflects Americans attention from reality to reality TV, it is fairly obvious where we are all headed.
I don’t disagree that Sears, Kmart and Montgomery Ward all played into the marked deck of the WTO and owned politicians that created the momentum that Walmart then cashed into.
Regarding Buicks in China from 3 years ago. http://www.autoblog.com/2009/06/22/gm-hits-two-million-buick-sales-in-china/
The point is big corporations have routinely been accused of destroying the economy or the working class or some such crap. Walmart provided cheaper goods to the consumer and grew as a result, it is a story as old as capitalism itself and not something to be worried about.
Americans are not “poor” and outsourcing occurs because the American worker is paid too much relative to the rest of the world. There are many products which simply cannot be produced here because our workers are too highly paid to profitably produce them.
Selling 2 million cars in a country of a BILLION people is some problem? To whom? How many Buicks are sold in a nation with 1/3 the population?
Anyone who has actually studied International Economics encounters something called the “Product Cycle” it clearly explains what has happened with production moving offshore. There is no need for Illuminati involvement or the CFR or the Bildabergers.