2016 Postmortem
In reply to the discussion: Russell Simmons endorses Clinton, slams Sanders [View all]Russel Simmons' relationship with Phat Pharm was that of a Founder.
Spike Lee's was that of a designer.
I think more than a few people on this forum might posit that both Phat Pharm and Nike might not be paying a proper labor rate for their production due to some free trade treaties which were supported by someone with whom you may agree.
I am not going to try and defend Cheese Sandwich's insinuation. I am under the impression that firms in the United States trade with only countries which pay wages, albeit small wages. Outright slavery will not enter our labor pool until passage of the TPP, barring amendments to the TPP which outlaw this sort of trade, of which I must admit I am ignorant.
Would Mr. Simmons continue to produce if the labor rates paid were commiserate to the labor rates in the economies where the Phat Pharm or his other two clothing lines products are sold? I don't think Mr. Simmons is alone in this conundrum, but it shows how well the capitalist is served by Mrs. Clinton's future policy.
Would Mr. Lee continue to design shoes for Nike if their labor rates were increased to that of the economy into which they are selling their goods? I would assume, given the opportunity, a designer would design for a firm regardless of their labor rates.
Capitalism seeks cost minimization. Free trade expands the labor pool to contain individuals who do not reside inside our country. These people can be employed for a miniscule cost by a firm, and then the firm can sell their product at no discount to our market because of our relatively high wage rate.
Russel Simmons is a capitalist. Capitalists like free trade. Hillary likes free trade. Russel Simmons likes Hillary.
He is endorsing/voting in his self interest, something which more people should seek to do.
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