Why are American jobs going to a communist country? [View All]

[Snellius]

American corporations never seem to see any irony in the fact that so many American jobs and trade dollars are being outsourced to a communist country, China. Some will say it has nothing to do with its system of government. It's because wages are so cheap. But did they ever consider that the reason the Chinese are so competitive is because the two social problems that are dragging down American companies, namely health care and retirement pensions, are already taken care of. Businesses are free to hire and fire without regard to longterm obligations. Workers are free to move from job to job without fear of risking their insurance or old age.

So it's odd, as it turns out, that the most productive and competitive players in the global captialist economy may turn out to be socialists. Moral: universal health care and social security are good for business.