Paul’s Perambulations

September 18, 2014

Multinational corporations pay/bribe/finagle other corporations to not compete, and so they lay off workers.

Filed under: Politics,Work — admin @ 12:22 pm

I noticed in Macy’s recently that almost all of their furniture is imported from the Far East. On-line investigation showed that this is representative of American furniture sellers today. Whatever happened to all those manufacturers in our South? Mostly gone. CORRECTION, they are not hiring or manufacturing but many of those corporations still exist, often collecting money from China for NOT manufacturing. As this Washington Post article points out, they accept money for NOT competing. And the working wo/man gets screwed, both here (no work) and in Asia (dangerous conditions and near- starvation wages). Ain’t modern world capitalism great! Multinational corporations pay/bribe/finagle other corporations to not compete, and so they lay off workers while the shareholders profit from the payoff. Time for peaceful revolutionary change by the 99% to STOP this crime of the 1%.
“Fearful of having their tariff rates jacked up, many Chinese furniture makers pay cash to their American competitors, who have the right to ask the Commerce Department to review the duties of individual companies. Those who cough up get dropped from the review list. “You pay for peace,” said Yen. David Cai, manager of the Dongguan Huada Furniture Co., likens the process to a shakedown: “It is like the mafia: You buy protection.” …How much gets paid in “settlements” each year depends on negotiations with Washington lawyer Joseph Dorn, who represents American furniture makers who first petitioned for the anti-dumping tariffs. Dorn said, “It is wrong for Chinese companies to criticize” the practice, as they “came up with the idea” and “voluntarily agreed” to pay….The ruin caused to U.S. furniture manufacturing by a tsunami of Chinese goods is beyond dispute. Since the 1990s, hundreds of factories in North Carolina, Virginia and other furniture centers have closed as production moved offshore, often to Dongguan.“ (from Washington Post).

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