Tapsearch Com EditorChina trade and free trade irrational
August 8th 2011 16:42
( A journey in the fields of broken dream by Ray Tapajna Economic Mess is personal and review of Paul Krugman's Officials focused on the wrong worries
The Chinese trade, free trade and globalization proving to be irrational
Who bamboozled who ?Yo
A Nobel Prize winner in Economics talks about the serious loss of jobs in the USA but does not tell us what, how, when, where etc about these losses.
No one high up in most fields seems to want to talk about it. Now China lamblasts U.S. on debt and political fights. And the term that affects us all is left out of the discussions. Our leaders do not want to talk about the trade deficit as being a real issue of our times.
China is the largest holder of U.S. debt and wants assurance they will be paid off. However, the rationale of trade with China, free trade overall and globalization is irrational.
President Clinton gifted China a major share of our technology and subsequently millions lost their jobs in the computer industry in the USA. The value of work and workers was thrashed.
During the 1990s, millions lost their jobs in other industries and a vast middle class of production workers was replaced by a massive working poor class.
No one wants to talk about this terrible lost of value. The value of work and workers is most likely the strongest money standard in the world and U.S. gave it away.
Free trade is based on moving production to other lands for the sake of cheaper labor. Supposedly, we then establish other nations as export nations to grow their economies while U.S. consumers enjoy cheaper products. No one plugged in the part about consumers being also workers.
Apparently the money changers thought there would be enough consumers in the USA to support the free trade and globalization process no matter how many jobs were lost. However, we now have a vast working poor class in the USA who can not afford to even buy the cheaper imports. No one mentions the vast underclass who are completely out of the picture. Hurricane Katrina in New Orleans exposed a vast underclass living in a silent depression. It was an open example of what was happening in other major cities that went unreported in the news.
Paul Krugman, winner of 2008 Nobel Prize in Economics and a columnist for the New York Times, reported that only 58.2 of all adults in the U.S. have jobs. In 1995 or so, Getting America Working reported only about 50 percent of the human resources in America being used.
This does not provide a base for any free trade process to work. Now our economies based on making money on money instead of making things are burning out. Pres Bush and Pres Obama bailed out big money but failed to address the real problem behind out money problems. The major problem is the lost of living wage jobs and the middle class working class that paid the bills. The bail outs also proved to be a devaluation of paper money itself. The bail outs in essence became tariffs on future generations.
What we got left is paper money values that need all sorts of manipulative transactions to grow any value. Behind this paper is only images and branding of what the paper represents. The paper money has only the value that the image of the United States carries in the world and this image is now wounded. The value of work and workers has been degraded to an extent that can no longer back up the value of paper money.
The funny part of all of this is that China may be holding just paper money that may end up having no real value. And you can not do business with people who do not have money and the same applys to nations.
Donald Trump in his brief surge as a Presidential candidate had the perfect solution. He said the U.S. should put a 25 percent tariff on all of Chinese imports. This tariff represents what the U.S. lost in its trade with China and it represents a way to pay off the debts occurred during the process of free trade and globalization.
It all points to the fact that free trade and globalization has failed but no one wants to admit it yet. Probably the greatest initiative to resolve our global economic crisis is to first admit free trade and globalization have failed. Instead of moving more funny monopoly money around , our leaders should be preparing for a post globalization era.
The Chinese trade, free trade and globalization proving to be irrational
Who bamboozled who ?Yo
A Nobel Prize winner in Economics talks about the serious loss of jobs in the USA but does not tell us what, how, when, where etc about these losses.
No one high up in most fields seems to want to talk about it. Now China lamblasts U.S. on debt and political fights. And the term that affects us all is left out of the discussions. Our leaders do not want to talk about the trade deficit as being a real issue of our times.
China is the largest holder of U.S. debt and wants assurance they will be paid off. However, the rationale of trade with China, free trade overall and globalization is irrational.
President Clinton gifted China a major share of our technology and subsequently millions lost their jobs in the computer industry in the USA. The value of work and workers was thrashed.
During the 1990s, millions lost their jobs in other industries and a vast middle class of production workers was replaced by a massive working poor class.
No one wants to talk about this terrible lost of value. The value of work and workers is most likely the strongest money standard in the world and U.S. gave it away.
Free trade is based on moving production to other lands for the sake of cheaper labor. Supposedly, we then establish other nations as export nations to grow their economies while U.S. consumers enjoy cheaper products. No one plugged in the part about consumers being also workers.
Apparently the money changers thought there would be enough consumers in the USA to support the free trade and globalization process no matter how many jobs were lost. However, we now have a vast working poor class in the USA who can not afford to even buy the cheaper imports. No one mentions the vast underclass who are completely out of the picture. Hurricane Katrina in New Orleans exposed a vast underclass living in a silent depression. It was an open example of what was happening in other major cities that went unreported in the news.
Paul Krugman, winner of 2008 Nobel Prize in Economics and a columnist for the New York Times, reported that only 58.2 of all adults in the U.S. have jobs. In 1995 or so, Getting America Working reported only about 50 percent of the human resources in America being used.
This does not provide a base for any free trade process to work. Now our economies based on making money on money instead of making things are burning out. Pres Bush and Pres Obama bailed out big money but failed to address the real problem behind out money problems. The major problem is the lost of living wage jobs and the middle class working class that paid the bills. The bail outs also proved to be a devaluation of paper money itself. The bail outs in essence became tariffs on future generations.
What we got left is paper money values that need all sorts of manipulative transactions to grow any value. Behind this paper is only images and branding of what the paper represents. The paper money has only the value that the image of the United States carries in the world and this image is now wounded. The value of work and workers has been degraded to an extent that can no longer back up the value of paper money.
The funny part of all of this is that China may be holding just paper money that may end up having no real value. And you can not do business with people who do not have money and the same applys to nations.
Donald Trump in his brief surge as a Presidential candidate had the perfect solution. He said the U.S. should put a 25 percent tariff on all of Chinese imports. This tariff represents what the U.S. lost in its trade with China and it represents a way to pay off the debts occurred during the process of free trade and globalization.
It all points to the fact that free trade and globalization has failed but no one wants to admit it yet. Probably the greatest initiative to resolve our global economic crisis is to first admit free trade and globalization have failed. Instead of moving more funny monopoly money around , our leaders should be preparing for a post globalization era.
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