Profit Rates in the Third World


	Profit Rates in the Third World

katsteevns

6-8-2009 9:35 AM

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By Michael Parenti

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/407360f1-b2da-45af-8e8c-4dc83c308eeb/F3A2E2A7-6BCA-4C4E-91D6-139BA97B647C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.michaelparenti.org/Imperialism101.html" href="http://www.michaelparenti.org/Imperialism101.html" style="font-size: 11px;">www.michaelparenti.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.michaelparenti.org/Imperialism101.html"><FONT face="Georgia" size="4">Because of low wages, low taxes, nonexistent 
        work benefits, weak labor unions, and nonexistent occupational and environmental 
        protections, U.S. corporate profit rates in the Third World are 50 percent 
        greater than in developed countries. Citibank, one of the largest U.S. 
        firms, earns about 75 percent of its profits from overseas operations. 
        While profit margins at home sometimes have had a sluggish growth, earnings 
        abroad have continued to rise dramatically, fostering the development 
        of what has become known as the multinational or transnational corporation. 
        Today some four hundred transnational companies control about 80 percent 
        of the capital assets of the global free market and are extending their 
        grasp into the ex-communist countries of Eastern Europe.</FONT></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.michaelparenti.org/Imperialism101.html">General Motors has factories that produce cars, trucks 
        and a wide range of auto components in Canada, Brazil, Venezuela, Spain, 
        Belgium, Yugoslavia, Nigeria, Singapore, Philippines, South Africa, South 
        Korea and a dozen other countrie</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F3A2E2A7-6BCA-4C4E-91D6-139BA97B647C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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