'The Interests of U.S. Corporations and the Country ‘have diverged’

this has been happening for years...........from foreignpolicyjournal..........

"I will state here in short form what I will say in a more detailed way below.   What we can expect in the future is simply more, and probably much more, of what we have seen to date.

What we have seen to date is this: rapid economic growth in China, coupled with a major negative impact of the imports of Chinese goods on the productive capability of this county. We have seen an enormous imbalance of trade as these imports are not balanced by a sufficient counter-flow of exports. In the U.S. we have seen greater corporate profits, accompanied by downward pressure on wages and employment.

While the inflow of cheaper consumer goods has been a benefit. That benefit, as we will show below, has come at too high a price.

It is also clear that U.S. global corporations, in their normal pursuit of profits, are strongly aiding these developments. Therefore it is time to realize that the interests of our global corporations and the interests of our country have diverged.

Without a major departure from current U.S. government policies, we can expect that that divergence too will continue"................READ MORE