Reply #19: In one way, this could make sense for the "ownership base."

[TahitiNut]

Domestic corporations off-shore their labor but narrowly privatize their profits. In effect, this converts "American" business to brokerage (middleman) operations. When foreign interests "buy" American goods, the dollars flow into the coffers of the brokerages and, after extracting huge 'profits.' flow immediately to some cheap labor country with whom oligarchical agreements exist. Thus, a huge portion of the 'trade' on the credit side is offset by off-shoring. The domestic spending on goods and services is clear: our domestic production capacity has been obliterated, leaving domestic consumers with nowhere to go except off-shore. The "top 1%" wallow in their own slice of the pie, while the "bottom 90%" get screwed.

Snow only knows the "top 1%" ... and that's all he cares about.