Posted on 07/06/2011 4:00:17 AM PDT by radioone
In June, President Obama celebrated a rare sliver of good economic news: Foreign investment was up 49% last year over 2009. The president says that this boost in capital shipped to the U.S. by international companies or foreign investors leads to more businesses and higher-paying jobs here at home. He's right.
But this isn't the economic success story that the White House is spinning. The real truth of the recession and limping recovery is that for the first time in decades America is, on net, losing, not attracting, growth capital. That may be the single most important explanation for persistently high unemployment and stagnant wages.
(Excerpt) Read more at online.wsj.com ...
Capital goes where it is wanted, and stays where it is well treated.
The debate between labor and capital has long been won by capital to the benefit of labor. Can you imagine a carpenter without hammer and tools (capital)? Do farmers long to work fields with bear hands? Shall we mine the earth’s resources with finger and nail?
It is absurd on its face. Marx and Lenin were dolts. To attack capital is to destroy labor.
“But this isn’t the economic success story that the White House is spinning. The real truth of the recession and limping recovery is that for the first time in decades America is, on net, losing, not attracting, growth capital. That may be the single most important explanation for persistently high unemployment and stagnant wages.”
NO, THE SINGLE MOST RESPONSIBLE ELEMENT... MARXISM!
LLS
Not to worry. The Department for the Equitable Distribution of the People's Capital will provide him.
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