Most Fortune 500, OK even Fortune 2000 companies, are not US companies. They may have been founded and incubated in the US. Their founders were or are US citizens. The technology may have come from the US government. However, many and soon most will be global organizations.
These global companies focus on making money for their shareholders. They make money where there is demand for their goods and services. They may have started in the US, but now are global. There are many implications to this, that is causing denial, disbelief, misunderstanding, and social unrest.
These global companies are offshoring core processes and outsourcing their intellectual property to economies where there is demand and revenue.
The implication of the above is that jobs are moving to where there is demand for their products and services.
These companies are not loyal to local communities or constituencies. Local communities in the US that incubated these companies are often in disbelief. They feel these home grown companies owe the community taxes, employment, and support of its citizens. It’s not working out this way.
This is a huge problem. It’s a revelation to the 99 percenters. It’s known and accepted by the 1 percenters. The 1 percenters know and accept that we live in a global economy that both Democrats and Republicans endorsed in the free trade mantra all boats and economies will rise. Unfortunately, the opposite happened. Much of the world prospered. We’ve largely stagnated.