In 1978, Deng initiated a series of fundamental policy changes that would eventually release millions and millions of Chinese peasants to thousands of factories under contracts with Nike, Wal-Mart, and Motorola.   Coupled with persistently low petroleum price in the 1980s and 1990s, advances in telecommunication technology, and other forces, this labor flood has killed a large portion of American industry. 
Who would have thought.
 
 
No comments:
Post a Comment