This is absolutely correct however the one dichotomy is that we are also the collective shareholders (obviously not majority). People love seeing their 401K go up 15% annually year over year. That is only happening because of this funneling.
Collectively we need to stop wanting it both ways. We want cheap goods but then complain about offshoring and outsourcing of labor. Look at dollar stores: Their boom happened almost immediately after Clinton re-opened trade with China. Wal-Mart went from "proudly made in the USA" to cheapest crap they can buy. It annoys me when some people talk about changing X but neglect to even try to think about what change that might cause for Y and Z.
Collectively we need to stop wanting it both ways. We want cheap goods but then complain about offshoring and outsourcing of labor. Look at dollar stores: Their boom happened almost immediately after Clinton re-opened trade with China. Wal-Mart went from "proudly made in the USA" to cheapest crap they can buy. It annoys me when some people talk about changing X but neglect to even try to think about what change that might cause for Y and Z.