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View Full Version : The Interests of U.S. Corporations and the Country ‘have diverged’




lynnf
07-01-2011, 02:28 PM
Following is the testimony of Ralph E. Gomory, Research Professor, Stern School of Business, New York University, New York, N.Y., before the U.S. – China Economic and Security Review Commission, Hearing on China’s Five-Year Plan, Indigenous Innovation and Technology Transfers, and Outsourcing on June 15, 2011.


http://www.foreignpolicyjournal.com/2011/07/01/the-interests-of-u-s-corporations-and-the-country-have-diverged/

...

While the inflow of cheaper consumer goods has been a benefit. That benefit, as we will show below, has come at too high a price.

It is also clear that U.S. global corporations, in their normal pursuit of profits, are strongly aiding these developments. Therefore it is time to realize that the interests of our global corporations and the interests of our country have diverged.

Without a major departure from current U.S. government policies, we can expect that that divergence too will continue.

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acptulsa
07-01-2011, 02:52 PM
No $#!+, Sherlock.

How much did they pay him to say what we have been saying for years?