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The Racist Reason Why America Can't Compete with China
(peertube.mesnumeriques.fr)
A sub for discussing Marxist economics and how the bourgeois economists did us dirty.
Absolutely on point, and there's something to be said about the fact that so many Americans, around eighty percent, believe correctly that American manufacturing needs to make a comeback, that the country would be better off if more people worked in manufacturing, but only twenty percent of those same Americans are willing to say that they, personally, would be better off working in manufacturing. We understand the value and importance of """low skill""" labor, but consider it beneath ourselves to actually perform.
The theory is that with time and good salaries for low skill labor, the need for automation will stimulate the need for more innovation in automation by making the capitalist pay for it - this obliviously does not work as the capitalist will always try to find a cheaper solution for a quick profit now instead of greater profit for all down the line - and with imperialism, there is always someone to exploit to sidestep the investment that needs to be done...