Marco Rubio’s manifesto: Corporations must value production over profit
America doesn’t make things anymore. It’s a complaint about the modern U.S. economy sounded so often it can lose meaning.
But a report issued by U.S. Sen. Marco Rubio hopes to incite business interest in production ahead of financial returns.
“American Investment in the 21st Century” makes the long-form case the nation’s economy suffers from chasing short-term returns.
The Republican senator remains an avowed spokesman for Western capitalism, but suggests a decades-in-the-making shift in practices hurt U.S. workers.
“American capitalism has produced more prosperity for more people than any economic system in the history of the world,” he writes.
“That record of achievement is dependent upon capital investment. Less investment in our own future productivity represents a lack of will to build an economy and country that can sustain and renew itself for generations to come.”
Rubio, chairman of the Senate Committee on Small Business and Entrepreneurship, previewed his report in an interview with The Washington Post.
There, he chastised U.S. CEOs for hunting quick profits via bad deals with China, won over by promises of market share.
“You make money, and you look good in front of your shareholders, but you’re also