Labor exists in a fixed location. The more that capital is allowed to flow across borders, the greater the disadvantage to labor. Capital can hunt around the world for workers. It can be in the US on Monday and in Malaysia on Friday. Can a laborer do that? Clearly, globalization is not designed to raise wages internationally- it's designed to do the opposite, and it's working spectacularly well.
Why would globalist financial predators ever promote globalization if they expected it to increase their labor costs? That would go against their entire greedy exploitative nature.
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2010
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January
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- Financial Terrorism
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- OTC Derivatives
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- Borrowing Costs
- We're A Funny Country
- The Path
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January
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Sunday, January 24, 2010
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