Daily Archives: October 24, 2016

Hillary: The “Good News” is That China is “Forcing Down Wages”

By William K. Black
October 23, 2016     Kansas City, MO

The general media has been treating the WikiLeaks disclosures of the Clinton campaign documents, particularly the transcripts of her lucrative talks with Goldman Sachs as much ado about nothing.  I have not found any article about the disclosures, however, that reported on the extraordinary statements she made in her talk with Goldman Sachs on June 4, 2013.

Hillary told the Vampire Squid that the “good news” was that China was removing workers’ (meager) legal protections so that their employers could “forc[e] down wages” in order to increase corporate profits.  She used China’s (pathetically weak) legal protections for workers as her exemplar of China’s “structural economic problems.”

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