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Archive for September 25th, 2012

A few days ago, the New York Times announced that thousands of workers had (and are still) rioting at the Foxconn Technology factory in Taiyuan, China. Five thousand police had to be called in to quell the riot. Windows were shattered, police cars overturned and fires were set.

One source reported that components for the Apple I-Phone number five are made at the factory.

The cause of the riot is not clear, but some sources say there was an incident between security and workers that triggered the riot. But the reason is probably more widespread than that.

Why are these jobs overseas? The authors of the story, David Barboza and Keith Bradsher, report that “Analysts say worker unrest in China has grown more common because workers are more aware of their rights, and yet have few outlets to challenge or negotiate with their employers.”

In other words, beside the massive difference in pay between workers in the US and in China, the Chinese workers have virtually no rights in the workplace to negotiate pay increases, hours worked, overtime pay, as well as health, safety and environmental standards.

Foxconn has had problems with workers committing suicide on-the-job last year at one of their factories that produced exclusively for Apple, Inc. Here’s another fact; this riots demonstrates that the race to the bottom in China continues, as well as in the USA. The difference between the old wages here in the USA, as well as the higher amount of dollars needed to maintaining higher factory standards, worker safety and environmental standards here, compared to in China, go into the pockets of the rich, (such as the late Steve Jobs, Bill Gates and Wall Street Mitt the Complete Twit Romney) via higher corporate earnings, surging dividends, and rising share prices. That’s why the jobs are in China and not in the USA, where they belong. Standards are higher in the USA.

The rest of us 99 percenters are made to suffer lower standards of living, as our income is redistributed to the 1 percent via trade treaties that all US jobs to be exported or created in foreign nations.

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The differences between Barack Obama and Mitt Romney on all aspects of economic policy are considerable, and they will have significant consequences for the US and the global economy. Tax and spending is at the heart of the matter. The link below illustrates the significant differences between the two on such issues as taxing, spending, entitlements, trade and several other issues. Remarkably, the battle between Romney and Obama is one between two Wall Street factions.

On the other hand, this is really a battle over who will be chosen as the leader in income redistribution from the 99 to the 1 percent. This process has been going on since 1981. The winner will continue to wage war against the middle class on behalf of the 1 percent, and the big difference between the two is who will do it at faster rates than the other. Obama is likely going to do it slower, Romney more rapidly. This the article below does not cover. The 1 percent feels almost to a person that it is entitled to these redistribution programs, such as free trade treaties, privatization and deregulation scams. See the link below in the Related Stories section on how these redistribute income from the 99 to the 1 percent.

Obama Vs. Romney: Is it Mostly a Battle Over Taxation and Spending?–Guardian UK

Related Story

Eight Key Charts About the Growing Income Inequality in the USA Perpetrated By Democrats and Republicans

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