US corporations would have access to a wider range of suppliers and to foreign markets, resulting in greater investment, employment and tax revenues for the United States, ultimately benefiting citizens.
That and the rest of what you said is the established mythos, yes. In practice, the corps have access to a wider range of lower paid labor, which does indeed lower the cost of the goods they manufacture, but which also guts the economy which will buy those goods. Wal Mart for one is not doing well in this new economy, since their prime customer base has become so impoverished that they can no longer afford to shop even there. The race to the bottom has bitten them on their ample backsides.
Credits & Style Info
Talk Politics. A place to discuss politics without egomaniacal mods
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
(no subject)
Date: 24/11/13 18:59 (UTC)That and the rest of what you said is the established mythos, yes. In practice, the corps have access to a wider range of lower paid labor, which does indeed lower the cost of the goods they manufacture, but which also guts the economy which will buy those goods. Wal Mart for one is not doing well in this new economy, since their prime customer base has become so impoverished that they can no longer afford to shop even there. The race to the bottom has bitten them on their ample backsides.