Offshoring and Industrial Relocation: Profits from Exploitation in Honduras. Transnational Companies are Impoverishing us All – Global Research


08-07-19 01:33:00,

Imperialists employ myriad strategies to “open the veins” of prey countries.  Economic warfare is one such strategy.  Prolonged and sustained economic warfare against long-suffering Honduras advances the tentacles of the Big Monopolies as it impoverishes and destroys Honduras. Transnational companies, meanwhile are afforded additional “supranational” protections through “free trade” agreements.

As the following article first published in 2013 demonstrates, “internal imperialism” is also part of the predatory equation.  Transnational companies “bleed” domestic economies. In the case of Gildan, beneath the cover of fake messaging about “competitiveness and efficiencies” Canadian workers were disemployed and the Canadian economy suffered.

Neoliberal economic models impose asymmetrical economies on both foreign and domestic economies. Transnational oligarch classes are impoverishing us all.

Mark Taliano, Global Research, July 8, 2019


In March of 2007, Gildan Activewear Inc., a Montreal-based textile manufacturer, decided to leave Canada for sunnier climes.

The company laid off hundreds of Canadian workers, and resettled where business was good: Honduras. “Free Trade” legislation facilitated the exodus from Canada and powerful psychological operations (psy ops) strategies reassured people at home and abroad. Corporations and their government subsidiaries repeated messaging about “competitiveness and efficiencies” in Canada while Hondurans were promised economic revitalisation and jobs. The end result? Canada lost jobs and Honduras’ asymmetrical, toxic economy was further entrenched.

Honduran sweatshop workers are basically slaves and their status will likely remain unchanged, or get worse.  Since the 2009 military coup — which removed the democratically-elected President Manuel Zelaya — the illegal regime dismantled or corrupted institutions that might be of benefit to humans (including constitutional judges) and created a heavily militarized and murderous environment. “Since 2010,” reports Raul Burbano, delegation leader of election observers from Common Frontiers, “there have been more than 200 politically motivated killings.”

In the meantime, Canada’s Gildan corporation profits from the misery. Gildan pays NO taxes in Honduras, and the workforce (primarily women) is easily exploited. Unions are not allowed, collective bargaining is not allowed, and human rights are not a concern.

The Collective Of Honduran Women (CODEMUH by its Spanish acronym), a brave voice for freedom in Honduras, comprehensively documents the exploitation of workers and the impacts of the Canada-Honduras Free Trade Agreement.

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Why Industrial Robot Sales are Sky High

Why Industrial Robot Sales are Sky High

30-05-18 10:20:00,

Industrial robots have come a long way since George Devol invented “Unimate” in 1961.

After pitching his idea to Joseph Engelberger at a cocktail party, the two soon saw their new creation become the first mass-produced robotic arm to be used in factory automation.

Today, as Visual Capitalists’s Ang Ahlstrom notes, this robot class is raising the bar of global manufacturing to new heights, striking a seamless mix of strength, speed, and precision. As a result, demand for industrial robots keeps growing at a robust 14% per year, setting the stage for 3.1 million industrial robots in operation globally by 2020.

Source: Visual Capitalist


Why are industrial robots flying off the shelves at an unprecedented rate?

Significant factors include advancements in machine learning and computer vision, since the prospect of new functionality leads to more use cases and increased demand. In addition, the maturation of 3D printing technology and the soaring interest in collaborative robots also deserve some of the credit.

What’s interesting though, is that according to experts, the record demand for robots is actually largely in response to the notable decline in unit costs.

ARK Investment Management, a leading researcher in this market, says that industrial robot costs are expected to drop a solid 65% between 2015 and 2025. Impressively, the cost per robot will plunge from $31,000 to $11,000 over that decade of time.


Why are unit costs dropping so fast?

For ARK, such price shifts account for the workings of Wright’s Law, which states: “for every cumulative doubling in number of units produced, costs will decline by a consistent percentage”. In the field of robotics that cost decline, also known as the “learning rate”, has been around 50%.

As industrial robotic operations grow, especially in the automotive industry, the manufacturing sector continues to save millions. Meanwhile, working conditions improve as robots take mundane, repetitive, and dangerous task loads from human workers.

At present, the largest market share of industrial robots is held in the Asia-Pacific region – namely,

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The Medical Industrial Complex & Technology | With Richard D. Wolff

The Medical Industrial Complex & Technology | With Richard D. Wolff

28-01-18 07:01:00,

The Medical Industrial Complex & Technology | With Richard D. Wolff

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In this educational video we talk to the founder of Democracy at Work and Professor of Economics Emeritus (University of Massachusetts), Richard D. Wolff, about the healthcare system of the United States and what possible durable economic solutions could be pursued. Furthermore we also talk about the general perspective of the left regarding unemployment due to technological change and why this perspective requires reevaluation

To view our entire video playlist with Richard D. Wolff, click here.

VIDEO: The Medical Industrial Complex & Technology

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Richard D. WolffRichard D. Wolff

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).

He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system. Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). The New York Times Magazine has named him “America’s most prominent Marxist economist.

Citation-List of YouTube & Facebook Video: „The Medical Industrial Complex & Technology | With Richard D. Wolff“

  • (10.11.2017) – „Health at a Glance 2017“ – – Author: OECD
  • (2017) – „Infant mortality rates“ – –Author: OECD
  • (24.05.2017) – „Profits are booming at health insurance companies“ – – Author: Bob Herman  – Source: Axios
  • (2017) – „Home / Influence &

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