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European money came here, seeking labor which could be more easily dismissed, a human commodity which this nation offers for sale.

Both transfers of capital reinforced the reactionary theory which pits the workers of advanced countries against those in nations that are poor, just as workers in the frost belt are made to forego jobs today so that employers in the sun belt can avoid unions, decent wages, and human benefits.

About a year and a half ago, on October 28, 1980, candidate Reagan asked the voters of America to ask themselves if they were better off than they had been four years before when Jimmy Carter was elected president of the United States.

After one year of the Reagan presidency, that question must be asked again.

For some Americans, the answer is a definite yes.

If you earn more than $100,000 a year, the answer must be yes. You'll haul in an extra $2,000 a year from the Reagan tax give-a-way, and even at that level, $2,000 can't hurt.

If you're an oil executive or an oil company, the answer must be yes again. You're so busy counting your windfall profits you don't have time to explore for oil, so you just gobble up smaller oil companies instead.

If you dump poisonous wastes in a river or a lake, its smooth sailing ahead; the EPA has cut back its enforcement forces.

Only 60 EPA cases were referred for prosecution in 1981 against a customary average of 200 cases in past years.