Chapter 458: Globalization

Su Mu didn't want to cause trouble, so he secretly changed the concept and said that a large number of factories were relocated and the secondary industry declined, which actually had an impact on the United States.

For example, the original Penguin computer production factory, which provided a lot of jobs and brought tax revenue to the US government, was later relocated to China, and he did a good job of not letting those workers lose their jobs and rearranging jobs for them, and if the factory had stayed in the United States, it should have provided more jobs.

With the expansion of economic globalization, low-value-added enterprises have begun to move to developing countries, causing a large number of workers to lose their jobs and reducing official tax revenues.

However, because the rich people made money, the White House did not intervene under the deterrence of these rich people, resulting in a better life for enterprises, wealth continued to concentrate in the hands of a small number of people, and the gap between the rich and the poor was further widened.

Why has President Bill Clinton been unable to successfully reform health care and provide more benefits to the vast number of American residents? In the final analysis, it is because there is no money.

The official fiscal deficit has been rising, and the deficit that has been accumulating since the Reagan era has been expanding, making President Clinton's life very difficult, and the United States has had to borrow money from the world to get by, and the Federal Reserve has warned more than once.

The tertiary industry is indeed providing jobs, but those jobs are mainly taken by young people, Su Mu did not mention this, he does not make much profit in the process of globalization, there is no need to help those guys who earn a mountain of gold wipe their butts, there is no communication about the interview questions in advance, at the moment I feel very unhappy, this kind of question will cause big trouble if it is not answered well, and it will be eaten alive by those unemployed workers.

In recent years, the U.S. economy has been improving, but in fact, the income of low- and middle-income families has not increased, considering the inflation rate, the rate of salary increases has not even kept up with the speed of currency depreciation.

All in all, economic globalization is a good thing for the rich, reducing production costs and increasing profits, and as long as overseas profits do not return to the United States, they do not have to pay taxes, which is also a good thing for a large number of developing countries, just like before the outbreak of the Southeast Asian financial crisis, those countries have enjoyed the benefits of globalization and division of labor.

And now, they have problems, the credit system has collapsed, international investors and factory owners are eyeing lower labor costs, greater tax incentives in Huaxia, Su Mu is also taking advantage of this to make profits, he has a lot of assets in Huaxia, acquisition and investment in a large number of enterprises, enjoy the dividends brought by China's economic development, of course be careful when answering questions at this moment.

"Time Magazine" magazine began to be published as early as the twenties of this century, and Su Mu is about to appear on the cover of the next issue, which is the third time he has appeared on the cover.

The reporter sitting opposite him seemed to want to get some hot news from Su Mu, and continued to ask: "If there is a problem with the business environment, what exactly is the problem that you mean, because of the high cost of workers?"

"The high cost of labor is only one aspect, it's a very complex question, you should ask the president, or you should ask the Federal Reserve, and I think those experts can give you a more accurate answer. I'm mainly in the Internet industry, the Internet industry in the United States, and you can wait until you interview the CEO of General Motors, or other businessmen who are moving to manufacturing, which is not my specialty. ”

Su Mu was already a little impatient, his face didn't show it, and he resisted to answer such a thankless question.

The reporter sitting in front of him vaguely sensed his unhappiness, Su Mu refused to answer the question, and he couldn't force him to speak, his boss was a person who often asked Su Mu to play golf together, nodded and skipped the topic, and returned to the Internet......

Speaking of which, the Americans are the biggest beneficiaries of economic globalization, and Su Mu feels that the pace of globalization is more like "colonialism 2.0 version".

As with the colonial goal of the Age of Discovery, which was mainly to plunder the natural resources of other countries and induce other countries to deindustrialize in order to occupy markets with their own industrial products, this time it was more of a financial and cultural one, supplemented by political and military means, and this approach was undoubtedly successful in the absence of the use of dollars to harvest the global economy.

The reason why Su Mu is reluctant to talk about it is mainly because it is mainly a small number of wealthy people who are already wealthy who are already wealthy, and for American residents who need to work to earn money, losing their jobs is undoubtedly a disaster, and while they lose their jobs, social welfare has not kept up, and social contradictions are already quite deep.

Since the 80s, capital began to flow into Southeast Asian countries, and after the local people became rich, the cost of labor and resources increased, and the merchants had no reason to continue to "contribute" to their countries and plunder cheap labor and resources.

The same is true of the Plaza Agreement, which was forced to be signed that year.

Americans generally have a sense of arrogance, always like to be self-centered, never thinking about the benefits that their country has gained in the process of globalization, but instead blaming all the blame on Ben, as if the domestic economic downturn is their fault.

After a period of madness, the economy is now mired in the quagmire, while the U.S. economy is booming.

What needs to be considered is that the inhabitants of developing countries work to sell cheap products to developed countries, which can be measured by simple digital wealth.

Perhaps the greatest inequality between countries lies in the difference in the "value of time" among the inhabitants of different countries, with the inhabitants of the developed countries having more time worth, plundering the wealth of the developing countries by producing high value-added products, and believing that they are losing.

More specifically, on the premise of spending the same amount of time, Americans need to produce a piece of clothing for ten dollars, while residents of developing countries produce the same product for only one dollar, and after the merchant increases the price to make a profit, the former needs twelve dollars to buy, and the latter adds the same profit for only three dollars.

American workers earn a dollar from it, and workers in other countries earn only ten cents, and in turn, they can go to developing countries with low prices and buy cheaper goods, extracting value from them.

Su Mu always felt that the other party wanted to express that the United States had lost, but in the trade between countries, in fact, countries that only began to develop later had more reason to break the unequal global financial system......