“Labor Day” should be renamed “Corporation Day” or “War Day”

by Dr Paul Craig Roberts for Infowars It is Labor Day weekend, 2011, but labor has nothing to celebrate. The jobs that once gave American workers a stake in capitalism have left and gone away. Corporations in pursuit of near-term profits have moved labor’s jobs to China, India, Indonesia, Taiwan, South Korea and Eastern Europe. Labor arbitrage, that is, the substitution of foreign labor that is paid less than its