An Outsourced Economy Invites Unemployment

“‘President Obama has said, “We cannot rebuild this economy on the same pile of sand. We must move us from an era of borrow and spend to one where we save and invest; where we consume less at home and send more exports abroad.” He is right. But finding consumers somewhere else is easier said than done. For thirty years, the United States has been outsourcing production and buying more from the rest of the world than it is selling. We have financed the resulting trade deficit by borrowing to the point where we are the world’s largest debtor nation. The list of products we no longer make in this country is a mile long.”  –Dissent Magazine

Since the Reagan Era, neo-conservative economic policies have worked to the explicit advantages of the rich. The sacred goal in capitalism is to expand, to make money, to be profitable. As a result, corporate policy has been to outsource all kinds of jobs and services to foreign countries, selling away American jobs and decreasing production and exports in the United States.

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