Romney’s penchant for bragging about his business activities at fundraisers helps underscore just how vile his brand of capitalism really is. While CEO of Bain, Romney invested in a Chinese sweatshop which he appears to be describing in detail at the very same Boca Raton fundraising event where he made his infamous case that nearly half of all Americans are freeloaders.
A report recently released by the Institute for Global Labor and Human Rights reveals that while Romney was deeply invested at a firm called Global-Tech, low pay and horrific conditions were status quo at its Chinese appliance factory.
Was Romney aware? Let’s take a look at the presidential hopeful’s own words:
“When I was back in my private equity days, we went to China to buy a factory there. It employed about 20,000 people. And they were almost all young women between the ages of about 18 and 22 or 23. They were saving for potentially becoming married. And they work in these huge factories, they made various uh, small appliances. And uh, as we were walking through this facility, seeing them work, the number of hours they worked per day, the pittance they earned, living in dormitories with uh, with little bathrooms at the end of maybe 10, 10 room, rooms. And the rooms they have 12 girls per room. Three bunk beds on top of each other. You’ve seen, you’ve seen them? (Oh…yeah, yeah!) And, and, and around this factory was a fence, a huge fence with barbed wire and guard towers. And, and, we said gosh! I can’t believe that you, you know, keep these girls in! They said, no, no, no. This is to keep other people from coming in. Because people want so badly to come work in this factory that we have to keep them out.”
Charles Kermaghan, director of the Institute for Global Labour and Human Rights, asks: “Does Mr. Romney seriously believe that young men and women in China are racing to climb over fortress-like walls topped with barbed wire, just to get a poorly paid job at Global-Tech? Or is it possible that the barbed wire and armed guards are meant to lock the Chinese workers in and strip them of their legal rights?”
From April 1998 through August 2000, Romney and his Brookside Capital Partners Fund, a Bain affiliate, poured around $23 million into the Global-Tech sweatshop in Dongguan, China. Among the details outlined in the report were the following:
- Factory workers made 24 cents an hour in 1998 and less than $2 a day. Wages in Global-Tech were less than 2 percent of U.S. wages.
- As CEO, Romney appears to have been uninterested in calling for improvements at the facility. Today, the sweatshop is still a horror where starvation wages prevail and workers’ rights are nonexistent. Overcrowded, filthy dormitories; rotten food; routine 15- to 16-hour shifts; and backbreaking 105- to 112-hour, seven-day workweeks are the norm.
- The appliance factory has 800 student “interns” — 16-years-olds forced to work repetitive, exhausting 15- to 16-hour shifts on assembly lines with no overtime pay.
“Do you think that it is accidental that the name of the really vicious fire breathing four eyed whatever it is villain in this movie is named Bain [sic]?" Limbaugh asked on his radio show today, according to a transcript of the audio on his show’s website.
Limbaugh continued, questioning whether or not the villain would influence voters at all.
This movie, the audience is gonna be huge. A lot of people are gonna see the movie, and it’s a lot of brain-dead people, entertainment, the pop culture crowd, and they’re gonna hear Bane in the movie and they’re gonna associate Bain. The thought is that when they start paying attention to the campaign later in the year, and Obama and the Democrats keep talking about Bain, Romney and Bain, that these people will think back to the Batman movie, “Oh, yeah, I know who that is.” (laughing) There are some people who think it’ll work. Others think you’re really underestimating the American people to think that will work.