Just trust the CEOs and the Free Traitors..... (Score 2, Insightful)

From the article:

There is an assumption by protectionists that these jobs are going somewhere else, and all this money has been pocketed by C.E.O.'s who take it home. A little more sophisticated version is: It's being pocketed by companies in the form of profits. One step further and you say those profits are either going to go as returns to the investors in those companies,
A even more sophisticated version is: the vast majority of those increased profits is being pocketed by the upper 5% income bracket.

or they're going to go into new investment by those companies.
Or maybe going to increased CEO salary, or more advertising and spin.....

Those savings enable me, if I am an investor, to consume more and therefore contribute to job recreation, Or maybe job creation in India?

and if I am a company, to re-invest and create jobs. That's important because I agree that we are migrating jobs away, some of which will never return, nor should they. Nor should we continue to subsidize these multinationals with corporate welfare, tax breaks, or military protection..... Also....

It's a race to the bottom if we spend all our energy trying to protect existing sources of job creation, as the politicians in the U.S. Congress are inclined to do. The problem is that globalization is growing asymmetrically, so initially it creates more supply than demand. We're living through that asymmetry right now, and that has caused a potentially dangerous political backlash. The Chinese, for example, are reluctant to transform their habits from savers to consumers because they're losing jobs through the reform of their own economy, and they don't have social security or retirement. Over time there is a rising tide. But the political process is not that patient.
Translation: "Just trust us CEO/globalists/investors, and everything will be fine....