President Clinton has repeatedly threatened economic sanctions against countries like Indonesia, which hesitate. Flint, Michigan and Seoul, South Korea, are not exceptional. Puerto Rico just endured a two-day general strike over the privatization of its telephone system, which threatens to eliminate thousands of jobs. In Russia, hundreds of coal miners have camped in front of Yeltsin's White House for months, protesting policies which will close half the country's mines. But they're being taught a new reality.
Capital flows where the profits are highest.
All countries must compete to create the most favorable conditions for investment. General Motors is proving them right. David Bacon writes about labor issues from his base in Berkeley, Ca.