Somebody tells him of a place called China, where labor, environment, workers rights are not a sweat. They can pay the workers less in a week, than each worker he employs at an average salary of $15 an hour makes in a week. So this CEO, shutters the plant, lays off the 4,000 workers, and moves operations to China. He has a great year. He sells his product for cheaper, but reaps 4 times the profit. He takes home $3,200,000.
Yes, it is capitalism. The CEO is doing better, much better. 4,000 people are looking for jobs, and there is nothing there. The Wal-Mart 15 miles a way needs some people, but not 4,000. People go on welfare, or move, or scramble for anything they can get.
Economically, the CEO made the right decision. What the neo-con free traders seem not to grasp, was that the highest profit possible is not the only goal in governing our communities. We believe in profit. The workers at his plant had given him 20 years of blood sweat and tears to make sure the boss made a profit, and to profit themselves.
I am sure the free traders will say that all these workers are whiners, are driving around in SUV's, and have lakefront summer homes, but that isn't reality.
The CEO is free to do what he wants, but he does have a moral obligation to the town that he came from, grew up in. Free Traders believe morality should be off the table. China still points missiles at us. Who cares? Vietnam chains workers to machines. Who cares? 10 years back when you were trying to expand, you got a huge order in, and you had to ask your workers to give up their holidays, special family time, in order for you to make this big deal, that helped you grow. Who cares? I will close this long rant with a quote from our third president Thomas Jefferson. A citizen, a farmer, and a patriot.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.
Help me here, Chancellor. I'm thinking "Merchants" is a code word for some other group. Now what could that be...?
I just want to highlight this quote one more time for all the Buchanan Brigaders on this thread who think we evil "RINOs" are being unfair in our claims of what is really deep down beneath a lot of the rantings on trade that he and his crowd vomit.
"Merchants"? So that's what we're calling them now? Classic.