Saturday, August 4, 2012

How Mitt Romney Got Rich Destroying American Jobs and Promoting Sweatshop Capitalism | Alternet

How Mitt Romney Got Rich Destroying American Jobs and Promoting Sweatshop Capitalism | Alternet
"Republicans claim that Mitt Romney's entrepreneurial activities at Bain Capital have been good for Americans. The truth is that Romney has spent his career offshoring and outsourcing American production processes -- and associated jobs -- to countries like China where human labor is valued in the market at a very low wage rate.
Mitt Romney’s tenure as Bain’s CEO has long linked him to offshoring and outsourcing. Even today, although he is no longer in that position, Romney still makes a nice profit on undertakings done long after he left the day-to-day management of the firm."