US college students increasingly favoring socialism
Nearly half of respondents to a survey said they prefer the economic model of Cuba and the USSR over capitalism.
https://www.rt.com/news/625069-us-college-students-socialism/
This development is not only due to the fact that freedom is no longer a value taught in American education but also to the fact that university graduates have poor employment and career prospects. This is the result of the short-sighted corporate practice of offshoring US jobs and importing H1-B foreign workers on work visas.
I have for years documented that the short-term Wall Street and corporate view that the only relevant concern is for the business to meet the quarterly profits expectations is the main cause of US economic decline.
Thanks to the mindlessness of the American liberal-left, years ago Congress passed a law that renumeration of executives in excess of one million dollars annually is not deductible as a corporate business expense unless it is performance related. That measure is profits. Consequently, today executive pay is dependent on bonuses based on profits. As labor cost savings are a sure fire way of boosting profits, American labor is displaced by foreign labor.
The result is a declining economy in which high value-added, high-productivity jobs are not present for Americans. A recent report said that Boeing’s software engineers are foreigners paid $9 an hour, below the pay of fast food servers.
If you wish to understand the self-destruction of the American economy, read my book, The Failure of Laissez Faire Capitalism. Read the reviews on Amazon.
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