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Foxconn Building Factories In Indonesia
jfruh writes "Chinese electronics manufacturing giant Foxconn is building factories in Indonesia, and upon hearing the news you might be tempted to think the company is simply moving into labor markets where it can find cheaper employees. But in fact, the Indonesian factories will specifically produce smartphones and computers for Indonesians; the country has almost as many people as the United States, but smartphone penetration there remains low."
Solution for the US? 1950s income tax rates and strengthen the unions: try to bring back the institutions and policies we had during our boom times.
In today's political climate, suggesting such things without mentioning their lineage would get you called a "socialist" (by people who say that's bad even though they have no idea what it means), with a possible implication of being a communist.
By that logic, McCarthy missed the big fish. He talked about communists in the state department, but missed that the White House itself was occupied by a communist - Comrade Eisenhower. Talk about us being a bunch of communist dupes! The fellow who we considered an icon of moderation and middle class values was himself a commie.