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61
Misc
2023 Jul 5, 2:51am
Governments are paying private corporations billions upon billions of dollars to create manufacturing plants in their countries. Local governments have always been in the game of giving tax breaks to large corporations to start units in their jurisdictions,
In the future we will see if these government sponsored facilities are worthwhile or just a waste of taxpayer dollars (gifts to the politically connected).
In the future we will see if these government sponsored facilities are worthwhile or just a waste of taxpayer dollars (gifts to the politically connected).
64
richwicks
2023 Jul 18, 11:22am
richwicks
2023 Jul 18, 11:22am
AmericanKulak says
Taiwan is NOT about to be taken over, at least not by force.
Taiwan has to DEFINITELY be cautious about reintegration with the mainland, but they are going to do it.
Patrick says
Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?
I wonder if they know Taiwan is about to be taken over.
Taiwan is NOT about to be taken over, at least not by force.
Taiwan has to DEFINITELY be cautious about reintegration with the mainland, but they are going to do it.
65
richwicks
2023 Jul 18, 11:25am
richwicks
2023 Jul 18, 11:25am
Misc says
I haven't seen a good US government investment since GM, and I'm not even certain that was a good investment. Probably the last one was the loan to Lee Iacocca to save Chrysler. Iococca paid it back. He also saved IBM in the early 1990s. There's few businessmen I admire, most of them are just government cocksockers, Iacocca wasn't one of them.
In the future we will see if these government sponsored facilities are worthwhile or just a waste of taxpayer dollars (gifts to the politically connected).
I haven't seen a good US government investment since GM, and I'm not even certain that was a good investment. Probably the last one was the loan to Lee Iacocca to save Chrysler. Iococca paid it back. He also saved IBM in the early 1990s. There's few businessmen I admire, most of them are just government cocksockers, Iacocca wasn't one of them.
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https://wtfhappenedin1971.com/
And many more excellent graphs there.
What happened in 1971 was that the Democratic party made a deal to betray working people and unions, and instead divide the public by race, sex, and gayness for the benefit of the oligarchy.
It was the year that Democrats starting working for Wall Street, and thus you see wages stagnate or fall while returns to capital (owners of stock) kept going up.
In 1972 Nixon went to China to work on the deal whereby all US manufacturing would be moved over there because they have such low wages, no worker rights, and no pollution controls. Very profitable for capital! Very bad for US workers.