The more worrying feature of the new global corporate structures is their capacity to devastate national labour markets by transferring their operations to cheaper locations overseas.
“Detroit is a city that really stands out. It's been through a very difficult time. There's been a lot of pain here, and the city, physically, has suffered. You can see it in certain neighborhoods, and there's buildings downtown that have been abandoned.”
“You know it as soon as you walk in Yankee Stadium. The electricity is there every time, every day.”