Shipping Our Economy, Our Jobs And Our Prosperity To China
American consumers never seemed to be able to put two and two together. As we were busy running out and filling up our shopping carts with cheap plastic crap made in China, we didn't seem to realize that a "global economy" meant that we would be competing for jobs and wages with workers on the other side of the world.
So now the U.S. economy, with its high wages and repressive government regulations, is suffering while China's economy is thriving.
So just how much money are U.S. corporations pouring into China?
Well, according to the U.S.-China Business Council, U.S. corporations combined for $3.6 billion in direct foreign investment in China in 2009. That was substantially up from $2.9 billion in 2008.
As U.S. companies pour increasingly large amounts of money into China, the economies of the U.S. and China are becoming inextricably linked.
In fact, some of the biggest "American" success stories are now manufactured in China.
Link:
http://theeconomiccollapseblog.com/archives/shipping-our-economy-our-jobs-and-our-prosperity-to-china
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