Book Description
Outsourcing is no longer just a problem for factory workers. Suddenly, software writers and radiologists are easier to hire and work with in India than in Indiana. But who can fault companies for hiring competent labor wherever it’s cheapest? Cost cutting is the engine of capitalism: the worst economic system in the world—except for all the rest! So before we go blaming "Benedict Arnold CEOs" and "greedy capitalists," consider this: Thanks to the public education system liberals have defended for the past forty years, many high school graduates are nearly functionally illiterate. Not so in India. Thanks to lobbyists and pro-union immigration laws, foreigners aren’t allowed to stay in the country after they finish their Ph.D.s. So they’re starting companies overseas instead of here. Thanks to our liberal tax system, employers have to pay extra for American workers to fund Social Security—which no one believes will be solvent in a few decades. Thanks to a legal system that favors the plaintiff, employers in the United States must worry about lawsuits over spilled hot coffee, trumped up sexual harassment charges, and other frivolous cases. This election year, we’ll hear a lot of complaining that big business is abandoning the little guy and being unpatriotic. But it’s actually left-leaning politicians who have made America less competitive. Respected economist Todd G. Buchholz will recommend fixes for our education, immigration, tax, and legal systems that will make America lean and muscular again—and make our labor pool the most attractive in the world.

About the Author
Todd G. Buchholz is an internationally known financial commentator. He has served as a director for economic policy at the White House, advised investment firms such as the Soros Fund and Goldman Sachs, and managed a world-famous investment fund. He has written for The Wall Street Journal, The New York Times, and many other publications. His books include New Ideas from Dead Economics.

FROM THE PUBLISHER

Outsourcing is no longer just a problem for factory workers. Suddenly, softwarewriters and radiologists are easier to hire and work with in India than in Indiana. But who can fault companies for hiring competent labor wherever it's cheapest? Cost cutting is the engine of capitalism: the worst economic system in the world—except for all the rest! So before we go blaming ￯﾿ﾽBenedict Arnold CEOs￯﾿ﾽ and ￯﾿ﾽgreedy capitalists,￯﾿ﾽ consider this: Thanks to the public education system liberals have defended for the past forty years, many high school graduates are nearly functionally illiterate. Not so in India.

Thanks to lobbyists and pro-union immigration laws, foreigners aren't allowed to stay in the country after they finish their Ph.D.s. So they're starting companies overseas instead of here.

Thanks to our liberal tax system, employers have to pay extra for American workers to fund Social Security—which no one believes will be solvent in a few decades.

Thanks to a legal system that favors the plaintiff, employers in the United States must worry about lawsuits over spilled hot coffee, trumped up sexual harassment charges, and other frivolous cases.

This election year, we'll hear a lot of complaining that big business is abandoning the little guy and being unpatriotic. But it's actually left-leaning politicians who have made America less competitive. Respected economist Todd G. Buchholz will recommend fixes for our education, immigration, tax, and legal systems that will make America lean and muscular again—and make our labor pool the most attractive in the world.