what is globalization, anyway?

Doug Henwood dhenwood at panix.com
Thu Nov 25 08:24:51 PST 1999


Nathan Newman wrote:


>Are there are measures out there that calculate how many US labor-hours
>versus foreign labor-hours go into US consumption?

Not that I know of. But we'd have to historicize this measure too - all the uncounted, unpaid hours of slave and near-slave labor in the colonies that enriched Europe and in our own South that fed raw cotton to Manchester - the profits of which were recycled as loans to the "developing" U.S.

I'd really like to see some rigorous demonstration of just how representative Nike's contracting relations are of current business practice. The compnay's total footwear revenue in the U.S. was $3.2 billion last year, all of it manufactured in and imported from low-wage countries. But U.S. imports were $1.1 trillion that year.

Doug



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