Most people in the United States don’t realize it, but we are slowly breaking down our own economy. In the past 30 years, more than 16,600 American companies have been sold to foreign investors. Christian Broda, the managing director of Duquesne Capital Management says Japan and China would never sell their companies to foreign investors. Selling American companies to foreign investors means the technology developed by those companies on cnn.com as well as the profits made by those companies go overseas. The U.S. economy is feeling the impact of these transactions, according to Broda, and some economists that think like Broda say the selling of America has to stop. Another interesting point about selling American companies to foreign investors is most of those investors have no problem moving those companies to other countries so they can take advantage of third world labor wages.
What’s happening, and most Americans don’t know it is, Americans work for foreign-owned companies that set up operations in the United States, so Americans don’t work for Americans anymore. They work for foreign investors. The U.S. Constitution was designed to protect Americans from trade and other related issues involving foreign powers when it was first designed, but that is not the case any longer. America has given the World Trade Organization the power to pass rules that govern corporate issues.
According to several economists, the U.S. doesn’t produce the products needed to sustain life, and debt has taken over the country. The government is in debt, and China holds most of the notes on that debt. The government borrows money just to pay back the loans they already owe. Our economy has become a service economy filled with low-paying jobs. Our manufacturing base is a wreck, and our democracy has become an oligarchy.
But economists like Broda think we can reverse the situation. We can increase taxes on imports. We can develop better regulation when it comes to foreign commerce, and we should stay out of costly wars that don’t concern us. But the biggest thing Americans can do to rebuild the country is, bring American back to the people. Economists say get rid of government waste, and lazy, complacent politicians. Put a stop to lobbying groups, and bring the people not fast-track money into the decision-making process. Some economists think 2016 will be a year of political change, and if Trump has anything to do with it, it will be.