Monday, August 08, 2005

Stalin Redux: US Corporations Now Manufacture Most Goods Made in China

I just heard a statistic in a speech given by Christine Todd Whitman, former EPA Administrator and former Governor of New Jersey......that sunk my heart about the lack of loyalty of American corporations.

She cited that 60% all of US imports from China are good manufactured by US companies in China.

That's's American companies who are enriching themselves at the dire cost of the US economy. Greed once again triumphs over principle and loyalty, .and literally kills everything the US once stood for.

Unfettered capitalism will cannibalize itself. I read that Josef Stalin once said that the US will sell the rope that another country will use to hang it. Stalin's prophecy has come true.

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