Join getAbstract to access the summary!

Exporting America

Join getAbstract to access the summary!

Exporting America

Why Corporate Greed is Shipping American Jobs Overseas

Warner Books,

15 min read
10 take-aways
Text available

What's inside?

Don`t believe that outsourcing is good for America. Lou Dobbs says it`s a U.S. business atrocity, and here`s why.

Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

This is a stirring polemic by Lou Dobbs, an unlikely crusader against free trade. As a television anchor, business journalist and publisher of an investment newsletter, Dobbs has credentials that might lead you to expect him to cheer for unimpeded capitalism. But Dobbs delivers, instead, an indictment of free trade replete with charges of "corporate greed." At times, his book reads like just another rant by just another economically naïve protester railing against the machinery of capitalism. But Dobbs ultimately delivers more than slogans. He backs his indictments with evidence. He shows, for example, how the U.S. tax code’s treatment of transfer pricing encourages outsourcing of jobs. In a tour de force of communication, Dobbs manages to make such arcane facts of financial life interesting and accessible to the average reader. getAbstract.com highly recommends his book to those affected by, or participating in, outsourcing.

Summary

Outsourcing and Its Discontents

Never before in U.S. history have corporate interests been so powerful and so indifferent to the welfare of the American people. Vast, far-flung, with offices in multiple countries, many major American corporations no longer even consider themselves American. These corporations describe themselves as multinational, or global, and have no patriotic loyalty to their home country, or any concern for their domestic community. They are indifferent to the rights of ordinary workers and to the long-term health and stability of the American economy. They are unconcerned about the soundness of America’s political culture. In fact, they are actively engaged in subverting the political culture.

Corporate money now dominates American politics. It is such a strong force that both Republicans and Democrats now dance to the tune of corporate lobbyists. There is no countervailing force. Corporate leaders are so powerful that they do not even hesitate to announce in public, or even to broadcast, their hostility to the most fundamental human rights. "No American has a God-given right to a job," declared Carly Fiorina, CEO of Hewlett-Packard.

As ...

About the Author

Lou Dobbs is the anchor and managing editor of CNN’s Lou Dobbs Tonight. He is a columnist for Money magazine and a contributing editor to U.S. News and World Report. He publishes The Lou Dobbs Money Letter.

Comment on this summary