The Safety Downsides to Globalization

China, “workshop to the world,” produces low-priced goods that have overwhelmed the global economy with value… except for some notable exceptions.

Historically, it’s a nation that’s not always held to the same health or safety standards to which US manufacturers, for example, are obligated to uphold. Occasionally it’s resulted in disastrous consequences.

In a sometimes-accurate parody of the failures, “Buy, Buy American Pie,” written and performed by the Capitol Steps, points out the lowlights below.

The Daily Reckoning