Category Archives: Labor

There Is More Cronyism Than Capitalism In Corporate America (Boeing? Oink, Oink)

America, Business, Capitalism, Economy, Free Markets, Globalism, Labor, Trade

In “Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking,” I explained how, “The H-1B visa racket,” like so much of the rent-seeking global, corporate America does, “is … a taxpayer-subsidized, grant of government privilege. Duly, profits remain private property. The costs of accommodating an annual human influx are socialized, borne by the bewildered [American] community.”

the corporations that hog H-1Bs act like incorrigibly corrupt rent seekers. Not only do they get to replace the American worker, but they get to do so at his expense.

Here’s how:

Globally, a series of sordid liaisons ensures that American workers are left high and dry. Through the programs of the International Trade Administration, the Export-Import Bank, the Overseas Private Investment Corporation, the International Monetary Fund, and other oink-operations, the taxpaying American worker is forced to subsidize and underwrite the investment risks of the very corporations that have given him the boot.

Domestically, the fascistic partnership with the State amounts to a subsidy to business at the expense of the taxpayer. See, corporations in our democratic welfare state externalize their employment costs onto the taxpayers.

MORE in “Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking.

Now, via Washington Examiner’sWhen foreign airlines go under, US taxpayers could be stuck with the bill” comes quite a positive description of the sordid liaisons and transactions on the backs of American taxpayers:

Subsidizing Boeing jets has generally been the Ex-Im Bank’s main activity. Typically, about 40% of all its financing supports Boeing exports. That’s why the agency has earned the nickname “Boeing’s Bank.”
As a result, airlines in China, Turkey, Bangladesh, Canada, Mexico, and all over the world have benefited from U.S. taxpayer-backed financing to buy Boeing jets in recent years. Many of them still owe their lenders, meaning the U.S. taxpayer is still exposed via the Ex-Im Bank. There’s a decent chance some of those foreign airlines will default on some debt payments. That could result in the Ex-Im Bank having to make the creditors whole.

There is more cronyism than Capitalism in the operation of the giants of corporate America.

UPDATE:  Just desserts.

Living With One Foot In Wuhan, The Other In The West

China, Conservatism, Globalism, IMMIGRATION, Labor, libertarianism, Nationalism

Writes Michelle Malkin:

Just learned that OpenBordersInc tool Charles Sauer is not only a DACA amnesty promoter, but also wants more EB-5 visas for wealthy Chinese, which Lindsey Graham and Jared Kushner are trying to expand as part of a coronovirus rescue package. Expose AMERICALAST and OpenBordersInc.

Ms. Malkin is referring to “Don’t let populism push people out of the country” by Charles Sauer, a very dull piece full of old bromides and shibboleths, such as that the cessation of immigration is synonymous with stagnation.

As I am beginning to see it, America First and more immigration from WuFlu China are mutually exclusive!

Expanded immigration from China means very many more people living with one foot in Wuhan, the other in Washington State and beyond.

Ann Coulter put it succinctly in “Cheap TVs, Expensive FLU”:

Thanks to “globalism” — i.e., cheap goods from China — we’ve gotten many wondrous things, for example:

— Toothpaste on American shelves made with a poison found in antifreeze.

Toxic Chinese drywall installed in about 100,000 U.S. homes, emitting noxious fumes that destroyed electrical wiring and metal fixtures and sickened homeowners. Replacement of the drywall, pipes and wiring cost Americans billions of dollars.

— Hundreds, possibly thousands, of American dogs killed by melamine-laced Chinese dog food in 2007.

— The loss of about 200,000 beautiful maple trees lining the streets of small New England towns, eaten by Asian long-horned beetles that arrived on Chinese cargo ships in 1996. The U.S. taxpayer spends hundreds of millions of dollars to eradicate the repeated outbreaks that continue to this day, despite promises from the Chinese to do better.

Viral pandemics — H1N1 (from China), bird flu (from China), SARS (from China) and now the Wuhan virus (from China).

Is it really worth paying $3 for a T-shirt at Walmart, rather than $9? The precise reason Chinese goods are so cheap is that they skip the crucial quality-control step.

Surprise, Surprise: Ramaphosa Can’t Fight The ANC’s Pro-Corruption, Pro-Crime Lobby

Business, Crime, Government, Labor, South-Africa

In South Africa, reports The Economist, “Economic life is dominated by big business, big labour and big government.”

only an elite few ever have a place at the table. … Firms face too little competition, cushy labour laws lock the jobless out of work and the public sector provides woeful services. Many well-paid teachers barely teach. Many bureaucrats do little but slow-walk paperwork and embezzle. Most are never held accountable. A quarter of South Africans enjoy a middle- or upper-class life, while the rest struggle to get by. When a country has an insider-outsider problem, you cannot let the insiders dictate terms.

The problem, really, is that African National Congress bosses will have Ramaphosa’s head if he does anything to threaten their hold on “big business, big labour and big government.”

Ramaphosa is near-powerless before “the pro-corruption lobby within the ruling African National Congress (ANC).”

MORE:The need for speed: Cyril Ramaphosa is running out of time to reform South Africa.”

But let’s not beat about the bush: Ramaphosa has failed to recognize—and aggressively move against—systemic crime against his white, productive minority. In fact, Ramaphosa categorically denies the ethnic cleansing of South Africa’s white farmers.

UPDATED (10/22/019): Homeless In Seattle, Part 2: Tech Sucks The Soul Out Of The City

Business, IMMIGRATION, Labor, Regulation, Technology

NEW COLUMN IS “Homeless In Seattle, Part 2: Tech Sucks The Soul Out Of The City.” It’s on Townhall.com, WND.COM and The Unz Review.

An excerpt:

Trust the late Anthony Bourdain, the Kerouac of cooking, to blurt out the truth when nobody else would.

Following his Jack Kerouac wanderlust, Bourdain had arrived in Seattle to spotlight the manner in which high-tech was changing the city, draining it of its character and of the many quirky characters that made Seattle what it was

“Microsoft, Google, Twitter, Expedia, and Amazon are the big dogs in town,” mused  Bourdain. “A flood of them—tech industry workers, mostly male, derisively referred to as tech boys or tech bros—is rapidly changing the DNA of the city, rewiring it to satisfy their own newly-empowered nerdly appetites.”

That the “tech boys” “are so dull,” as members of a Seattle band say—and sing—in no way assuages their heated effect on the housing market. A street artist called “John Criscitello … told Bourdain how the high-tech influx has driven up housing costs and forced artists [like himself] out of the neighborhood.”

Yes, Big Tech is exacerbating homelessness in Seattle and the surrounds. While correlation is not causation, the ongoing and never-ending, annual importation of a sizable feudal elite from China and India must be factored in the homelessness equation.

“Buoyed by the city’s thriving technology industry, Seattle has consistently been the hottest housing market in the nation.” Commensurate with the explosion in the number of Seattle neighborhoods in which homes cost $1 million has been an explosion in the region’s homeless population.

“Households must earn about $140,000 a year to afford mortgage payments – nearly double the city’s typical income,” but on par with the “average base pay” of a software engineer in the Seattle, WA area. …

…   “Unabashed liberal” outfits like the Economist, the Brooking Institute and the Seattle Times blame inadequate supply for the housing crisis, ignoring the demand side of the supply-and-demand housing equation whereby, “Big Tech is permitted to petition The State for permission to import The World at a price heavily subsidized by the disenfranchised American taxpayer. Through government immigration policies, a ceaseless demand for housing has been generated.”  (See “Homeless In Seattle, Part 1.”) ….

… READ ON. NEW COLUMN, “Homeless In Seattle, Part 2: Tech Sucks The Soul Out Of The City,” is on Townhall.com, WND.COM and The Unz Review.

* Image courtesy of The Unz Review.

UPDATED (10/22/019):