Capitalist corporations have systematically relocated production from Western Europe, North America, and Japan (where capitalism was born) to China, India, and Brazil since the 1970s due to lower wages and modern telecommunications allowing remote management, causing Western capitalism to decline while Eastern capitalism booms.
factualpending
Speaker
Richard WolffEvidence Quote
“Capitalism over the last 40 years has abandoned the countries in which it was born and reached its maturity.”
Created: 8/11/2026, 1:07:20 AM
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