Immediate Gratification "The World is Tilted"

I am still in the middle of the chapter titled "America After Reagan".

China has a substantially lower cost of labor than the US and other developed countries. If the yuan were pegged to the dollar, it would be skewed maybe six or eight times less, but still major labor "efficiencies" would tilt the industrial production to China, as this lower labor cost transcends all levels of business and management for industrial production. American companies, in haste to maximize shareholder value, and management's resultant bonus income, have exported all of our industrial capital overseas, where, quite possibly, it might be held hostage one day. We were in such a hurry to "realize" savings by producing overseas that we have cut our middle class off at the knees. Only the American industries that our highly automated can survive in a highly competitive global economy.

I also took the political leanings test. I took it realizing that my views were now affected by the first section of the book that I had read. I was amazed how far from the right my views had shifted, as, I too, found myself slightly left, near centrist. My views have changed drastically towards free trade and international competition, as we have already let all the air out of our sails, and we will be left to drift, a target of mockery for all the world to hound for its derisive amusement. Or, we can pull our heads out of the sand and take charge of our economic future.