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Salient. Victoria University Student Newspaper. Vol. 36, No 11 May 30th, 1973

Export of Factories

Export of Factories

Imperialism has a new motive corresponding to the new "economics of politics" — but still demanding the same "security" for capitalism. This is the ex-portation of entire industries to countries where labour is cheaper. Financiers involved can thus make bigger profits on goods produced and sold around the world. This is happening both in countries where wages are only a little lower than in the U.S.A. (such as Canada) and in those where wages are very low (as in South Africa).

The difference in profits is predictable. In 1969, the U.S., invested $21,000 million in Canada, return 7 per cent; the same sum in Europe, return 8.5 per cent; nearly $4,000 million in Australia, New Zealand and South Africa, return 10 per cent; $14,000 million in Latin America, return 12 percent; over $1,000 million in Japan; return 15 per cent; Africa and Asia, $9,000 million, return 25 per cent.

Cartoon of a police officer at a firing range

"Nothing like a gun when you don't feel like running!"

"Nothing like a gun when you don't feel like running!"