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 Safety Downsides to Globalization originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."