Silicon Valley Billionaires Are the New Robber Barons

Progressives used to pressure U.S. corporations to cut back on outsourcing and on the tactic of building their products abroad to take advantage of inexpensive foreign workers.

During the 2012 election, President Obama attacked Mitt Romney as a potential illiberal “outsourcer in chief” for investing in companies that went overseas in search of cheap labor.

Yet most of the computers and smartphones sold by Silicon Valley companies are still being built abroad — to mostly silence from progressive watchdogs.

In the case of the cobalt mining that is necessary for the production of lithium-ion batteries in electric cars, thousands of child laborers in Southern Africa are worked to exhaustion.

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