The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 BlogviewPaul Craig Roberts Archive
Our Jobs Were Offshored, Not Stolen By China
🔊 Listen RSS
Email This Page to Someone

 Remember My Information


Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
These buttons register your public Agreement, Disagreement, Troll, or LOL with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used once per hour.
Ignore Commenter Follow Commenter
Search Text Case Sensitive  Exact Words  Include Comments
List of Bookmarks

For more a quarter century I have been explaining that America is not losing jobs to foreign competition but to our own corporations moving the work abroad in order to lower their labor costs and raise capital gains and bonuses for owners and executives. My most recent explanation was May 14 ( ).

It only took 25 years for Cody Cain writing in Salon to discover this point ( ).

Maybe in another 25 years the politicians in Washington will discover it.

And maybe 50 years from now the economists will discover it. My book, The Failure of Laissez Faire Capitalism (2013) was translated into a number of languages, Chinese, Korean, German, Czech, but was not to my knowledge reviewed in any English language economics journal. The neoliberal economists are deaf, dumb, and blind, “junk economists” as Michael Hudson calls them.

(Republished from by permission of author or representative)
• Category: Economics, Foreign Policy • Tags: China, Employment