Chamber's true agenda: Corporate profits through outsourcing

[kpete]

Chamber's true agenda: Corporate profits through outsourcing
by Joan McCarter
Wed Oct 20, 2010 at 08:30:03 AM PDT

The real business of the U.S. Chamber of Commerce is what's good for the "commerce" part and not so much the "U.S" part. Here's more from Think Progress on the Chamber's efforts in China.

Among the many lies told by the U.S. Chamber of Commerce recently, chief Chamber lobbyist Bruce Josten said that his organization’s foreign affiliates, called AmChams, are only “comprised of American companies doing business abroad in those countries.” In fact, the Chinese AmCham is comprised of Chinese firms like Northern Light Venture Capital; the AmCham in Russia is comprised of Russian state-run companies like VTB Bank; and, the AmCham of Abu Dhabi is comprised of UAE state-run oil companies.

The ties between the AmChams and the U.S. Chamber are deep. In addition to sharing staff members, the Chinese AmCham has worked closely with the U.S. Chamber and the Chinese government to sponsor a series of seminars in America to teach American businesses how to outsource jobs to China (called the China Grassroots Program). Below is an invite to an event sponsored by the right-wing billionaire Sheldon Adelson, inviting local businesses in Florida to come to Jacksonville and learn about outsourcing from Chinese government officials like Li Haiyan, the Counselor for Economic Affairs for the People’s Republic of China, U.S. Chamber lobbyist Joseph Fawkner, and BChinaB, a firm that specializes in helping American firms outsource their manufacturing jobs to China.

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more & tons of links:
http://thinkprogress.org/2010/10/19/chamber-chinese-seminar/
http://www.dailykos.com/storyonly/2010/10/20/911721/-Chambers-true-agenda:-Corporate-profits-through-outsourcing

[kentuck]

1. "Global economy" is the wet dream of capitalists.

World Economic Statistics at a Glance

World GDP (PPP): $65 trillion
GDP Growth Rate: 5.2%
Growth Rate of Industrial Production: 5%
GDP By Sector: Services- 64% Industry- 32% Agriculture- 4%
GDP Per Capita (PPP): $9,774
Population: 6.65 billion
The Poor (Income below $2 per day): 3.25 billion (approximately 50%)
Millionaires: 9 million (approximately 0.15%)
Labor Force: 3.13 billion
Exports: $13.87 trillion
Imports: $13.81 trillion
Inflation Rate - Developed Countries: 1% - 4%
Inflation Rate - Developing Countries: 5% - 20%
Unemployment - Developed Countries: 4% - 12%
Unemployment & Underemployment - Developing Countries: 20% - 40%

Sources: CIA World Factbook, IMF, UNDP


http://www.economywatch.com/world_economy/

[blindpig]

2. One can expect nothing more from Capitalists

It is their mandate, it is how capitalism works. Until we dispose of this inhumane economic system we will subject to this cruel mandate which immiserates the present and robs the future.