China.

Editor,

The biggest news in the NYT today is that German corporations, like corporations in the United States, are investing ever more heavily in countries outside its borders, including "Poland, Russia, Brazil, and especially China." The article says that "Western Europe’s share in the German pie is shrinking as companies focus new investment on more vibrant markets."

Translated, this means that the feeling Americans have that our middle class is being cut loose by the transnational corporations is not unfounded paranoia. The strategy is to bootstrap a consumer class where wages are cheap and not bother educating, paying, or otherwise supporting fat, lazy, expensive American workers.

Paying to bootstrap a consumer class in China is one reason why the "job creators" refuse to pay taxes in this country. China is where they will invest in the jobs, infrastructure, and other services to support a consumer economy that will make them money. Here Americans can starve in the streets for all they care. There is money to be made in China.

Re: "Markets Stumble on Debt and Deficit Worries" (7/19/2011)