[...] Caterpillar, the U.S.-based one, first of all has profits coming out of its ears. It’s making huge profits, like other major corporations, so it’s got plenty of capital. There’s no problem that way. But furthermore, they’ve been using their profits over the past years to build up excess capacity in other countries. For example, they have plants in Brazil where they can get much cheaper labor and they can keep filling their international orders. Notice that that’s not done for reasons of economic efficiency. Quite the contrary. It’s done for power reasons. You don’t build up excess capacity for economic efficiency, but you do build it up for power reasons, as a threat against the domestic work force. [...]