May 31, 2011
Nobel Laureate: Globalism Has Been Ruinous for Americans
By PAUL CRAIG ROBERTS

It is a very serious mistake to think that the employer class cares one fig about the working class. The historical record does not support that conclusion.
These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans. Continue reading »











