Palo Alto: A History of California, Capitalism, and the World Highlight

Why would U.S. capital want to go to Asia at the same time as Asian capital wanted to come to the United States?x One reason is that the very political stability achieved through immigration made the capitalist East safe for foreign investment. And for the ruling class in the various Yankee-aligned dictatorships, there were downsides to investing their extracted gains in the expansion of domestic production: It’s too easy to tax and confiscate, and it’s too hard to grab and run.