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Wednesday, December 03, 2014

Going In Circles

Oh the loyalty of capital – Dutch multinational, Royal DSM is now locating its plants in the US where there is an abundant supply of cheap natural gas and a 'very lightly regulated labour' market. (New York Times, Oct 5 2014). Apparently China, where the corporation has forty plants, is losing its edge as a source from which to serve the world. Is globalization making a U-turn? The paper asks. Not really, more like going in circles searching for the highest profit possible with no regard to the consequences for workers and their families! John Ayers.

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