Pat Buchanan: "The Pope and Godless Capitalism"

"... The American idea was that the 50 states and their citizens should compete with one another fairly. The feds set the health and safety standards that all factories had to meet, and imposed wage and hour laws. Some states offered lower wages, but there was a federal minimum wage.

How did we prevent companies from shutting down here and going to places like today's Bangladesh to produce as cheaply as they could - without regard for the health and safety of their workers - and to send their products back here and kill the American factories?

From James Madison to the mid-20th century, we had a tariff...

The ideological basis of globalism was that, just as what was best for America was a free market where U.S. companies produce and sell anywhere freely and equally in the U.S., this model can be applied worldwide.

We can create a global economy where companies produce where they wish and sell where they wish.

As one might expect, the big boosters of the concept were the transnational corporations. They could now shift plants and factories out of the high-wage, well-regulated U.S. economy ..., sell here at the same old price, and pocket the difference.

As some who were familiar with the decline of Great Britain predicted, this would lead inexorably to the deindustrialization of America, a halt to the steady rise in U.S. workers’ wages and standard of living, and the enrichment of a new class of corporatists.

... And so it came to pass. U.S. real wages have not risen in 40 years.

In the first decade of the century, America lost 5 million to 6 million manufacturing jobs, one in every three we had, as 55,000 factories closed..."
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