These job losses were the result of policies put in place during the preceding decades, policies that focused on boosting economic growth, profits, and efficiency, policies supported by me and others in the front row. In the name of greater economic growth, more efficiency, and higher profits, we opened our borders to a flood of cheaper products coming in and a flood of factories and jobs moving away. We empowered distant shareholders at the expense of local employees. We gave my old world, Wall Street, whatever it wanted, and what it really wanted was to lower labor costs no matter how.
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