Tuesday, October 20, 2009

The Cost of Empire - Sword and Dollar: excerpt 3

nor do the benefits of this empire trickle down to the American consumer in any appreciable way - generally the big companies sell the goods made abroad at as high a price as possible on American markets - corporations move to Asia and Africa to increase their profits, not to produce lower-priced goods that will save money for American consumers - they pay as little as they can in wages abroad but still charge as much as they can when they sell the goods at home.

from one-half to two-thirds of the major winter and early spring vegetables consumed in the United States are imported from poor countries, principally Mexico, where the land and labor cost a fraction of what they do in the USA - yet these vegetables are not sold at cheaper prices than homegrown produce - likewise, the General Electric household appliances made by young women in South Korea and Singapore who work for subsistence wages, and the Admiral International color television sets assembled by low-paid workers in Taiwan do not cost less than when they were made in the USA - as the president of Admiral noted, the move to Taiwan "won't affect pricing state-side but it should improve the company's profit structure, otherwise we wouldn't be making the move."

No comments:

Post a Comment

Mammon or Messiah research contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is presented without profit for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.