"The more worrying feature of the new global corporate structures is their capacity to devastate national labour markets by transferring their operations to cheaper locations overseas"

This quote by Fredric Jameson speaks to the power of worldwide business structures and their capability to have a disastrous result on national labour markets. By transferring their operations to less expensive locations overseas, these corporations have the ability to benefit from lower salaries and other cost savings, while leaving the local labour market in a weakened state. This can cause job losses, decreased incomes, and a reduction in the total lifestyle for those impacted. It can likewise result in a decline in the overall financial output of the nation, as fewer individuals are employed and producing items and services. This can have a ripple effect, leading to additional financial difficulty for the nation as a whole. Ultimately, this quote functions as a caution of the possible repercussions of international corporate structures and their capability to move operations to cheaper locations.