But in the late 20th century, America abandoned as “protectionism” what Henry Clay had called The American System. We gave up on economic patriotism. We gave up on the idea that the U.S. economy should be structured for the benefit of America and Americans first. We embraced globalism.
“This is called slave labor,” said Pope Francis.
The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400.
“Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!”
The pope is describing the dark side of globalism.
Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago, had almost none?
Because the Asian subcontinent is where Western brands — from Disney to Gap to Benetton — can produce cheapest. They can do so because women and children will work for $1.50 a day crammed into factories that are rickety firetraps, where health and safety regulations are nonexistent.
This is what capitalism, devoid of a conscience, will produce.
Rescuers at the factory outside Dhaka have stopped looking for survivors, but expect to find hundreds more bodies in the rubble.
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