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

Romney-style capitalism means misery for working people and big money for the 1 percent.

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The plea for more Romney-style capitalism would have us abandon our civilized social beliefs in treating all American workers with dignity. If we permitted American entrepreneurs to produce under the same uncivilized and unhealthy factory conditions as those practiced in China, their factories might very well sell cheaper products. But Brooks "more capitalism” is really a rallying cry for more sweatshop jobs, more child labor and more impoverishing of American workers so that offshoring and outsourcing entrepreneurs can make more millions and keep their incomes in offshore banks and out of the hands of the U.S. Internal Revenue Service.

It is true that if we would enforce the legal prohibitions on foreign production that prevent American firms from using sweatshops, child labor and other harmful practices to sell products and services in American markets, then the prices at Walmart and other retail firms might rise somewhat. But that surely is a small price to pay to make sure that Americans and their neighbors have decent paying jobs in a safe environment and their children are enjoying their childhoods in school, rather than working from dawn to dusk in a production process environment.

Paul Davidson is the author of "The Keynes Solution: The Path to Global Economic Prosperity" and the editor of the Journal of Post Keynesian Economics.