Posted at Hartmann Report on Apr. 18, 2023
It's Time for American Business to Stop Subsidizing the World's Largest Dictatorship
Rebuilding American manufacturing not only returns jobs to our country, but also keeps profits here in America. Instead of strengthening China, we'd be rebuilding our own nation...
Why are we using tax policy to subsidize giant American corporations in their dependency relationship with the Communist Chinese dictatorship?
For 30 years, American corporations have been helping build China into a massive industrial empire while collapsing manufacturing capacity here in the United States. That country now has a stranglehold on things essential to America, from pharmaceuticals to electronics to consumer goods, all because of a neoliberal fantasy that if we helped them become wealthy through trade they would become more democratic.