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Leveraged buy-outs was the big gambit then. I remember Ross Perot ridiculing them during his campaign, said they're not really producing anything just pushing numbers around creating huge amounts of debt. Wasn't Mitt Romney a big proponent of that? His father actually produced an affordable car but he produced nothing of any value.
in the 1980s
Leveraged buy-outs was the big gambit then. I remember Ross Perot ridiculing them during his campaign, said they're not really producing anything just pushing numbers around creating huge amounts of debt.
The company said the antibiotics it plans to use in chicken production are not important to the treatment of humans. Antibiotic use in food has come under intense scrutiny in recent years as some bacteria have become increasingly resistant to treatments as a result of frequent exposure to antibiotics. The Wall Street Journal first reported Tyson’s change.
Globalization at least is starting to reverse.
Construction Spending on US Manufacturing Plants Soars, to De-Globalize Supply Chains?
The driver: computer, electronic, and electrical manufacturing.
The amount spent on building manufacturing plants in May in the US jumped by 73% from a year ago, and by 147% from May 2021, to $15.7 billion, according to Census Bureau data today. This by far outpaces the increase in construction costs...
https://wolfstreet.com/2023/07/03/construction-spending-on-us-manufacturing-plants-soars-to-de-globalize-supply-chains/
Woah, what is really going on here?
Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?
Are companies realizing that they can no longer count on cheap labor from China after experiencing supply chain collapse during the plandemic?
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.
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).
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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.