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The Rationale Quest - All decisions should be made at the lowest level possible- (Subsidiarity)

 
Explore the latent response of philosophy and philosophy to the global economic arena. Early posts include the study of heresies in the early church and the problems of Liberalism and Raw Capitalism in our times

We all need an economic conversion of conscience

December 6th 2011 00:51
The inversion of values and the need for an economic conversion of conscience

Occupy Wall Street movement please note....

In support of the Occupy Wall Street movement, I try to co-op with people who hold different political views. It is not an easy task especially when the far left goes after the far right and vice versa and I as a Populist Conservative have written off many of these political rants as just being dysfunctional.

Many in the Occupy Wall Street movement still ignore the new "ism" of Globalism that has arrived on the world scene under the cover of free trade.
Wall Street and big money interests use free trade as their major tools trying to create economies based on making money on money instead of making things.

If Occupy Wall Street movement ignores the issue of free trade as the major cause behind our economic crisis not much good will be realized from their efforts. I have not voted for either party for years because both have betrayed the dignity of workers and labor. There is only one major party in the USA now and it should be called the Globalist Free Trader party.

Raw Capitalism and Socialism are now one. It is State Capitalism with the Federal Government bailing out big money which subsequently bails out
free trade in the process. The Federal Reserve Bank, as a "shadow government" also played their game in secretly covering the losses of some banks and investment houses. Trying to define what this new "ism" is all about is a difficult thing to do. It is a strange mixture of Raw Capitalism, Communism, Socialism and Totalitarianism for the sake of making money outside the will of the people and the real Free Enterprise System.


Recently, The Cleveland Plain Dealer, the largest newspaper in Ohio, USA did an article about the Sir James Goldsmith who was a corporate raider. Usually corporate raiders buy companies for pennies on the dollar, sell off their assets and the put the company up for sale. The story in the Plain Dealer tells how Goldsmith won control of Goodyear Tire and then suddenly changed his mind about taking over Goodyear as a corporate raider. Stuart Warner the writer gives no explanation why Goldsmith changed his mind. The story was on several pages of the newspaper but the explanation was missing . The story also left out the what happened to Sir James Goldsmith after the attempted take over .

Sir James Goldsmith had an economic conversion of conscience during this period.He changed to a person who fought for the human dignity in the workday for the rest of his life. He wrote the book The Trap which centers on the priorities
in society and workers dignity. He told how we have forgotten the purpose of the economy. The purpose is to enrich and create a stable society. He said the deflating the value of labor was a bad mistake. He was against free trade and international organizations like the WTO which conducted business in secret and sought to control the flow of wealth throughout the world. He was against industrial and trans-national giant agricultural corporations that devastated farming families and farming communities. He called our dysfunctional economics as an "inversion of values" where instead of measuring the well-being of mankind and the social stability of society, we are pressing for economies and that cause such things as urban slums and environmental decay. In his testimony to the U.S. Senate in 1994 he told how the GATT free trade agreement would create massive unemployment in the U.S. He said lower skilled workers would be treated as disposable commodities. ( As it happened, all workers in our time are now just became disposable commodities in a free trade world. ) He was very concerned about the fact 4 billion people will work for close to nothing. His book The Trap actually predicted the coming of our economic crisis as it is today.

After his transformation during the Goodyear situation, he created a populist movement in both England and France and started a new political party in England to fight the against free trade and the globalists. He was not for protectionism but for a sane economy that set the priorities in a society. He ran for high office in England with this as his platform. If he would have lived longer, the world would be a much better place today and we would have escaped some of the economic horrors of our times.

Being involved with the tire industrial community for many years, I experienced the destruction of the U.S. tire industry directly. As a national accounts manager to all of Firestone accounts, I completed an annual blanket order with a handshake during a lunch paid by the purchasing agent. There were no written contracts. There was only a verbal agreement.

I also was a trouble shooter supplier for General Tire for more than ten years. I also called on Goodyear for many years and all the other rubber companies in Akron area. These companies lost the war with free trade. It was not about ordinary financial concerns or streamlining operations. It came down to the disposal of middle class workers for the sake of cheaper labor abroad. Wall Street played a big part in all of this but it still is not the full cause of our economic crisis. It came down to the betrayal of workers and the betrayal of the free enterprise system.


We all have to take the blame for this. We let it happen as we shopped our way out of our jobs. All who drive foreign made cars added to the economic mess. We gave billions of taxpayers' dollars to foreign auto manufacturers to build their assembly plants in the U.S. For example, the State of Indiana, when all is said and done, paid Honda $160 million dollars to build their assembly plant in their state. Honda employs 5,000 workers but must have replaced at least four times that number of former middle class auto workers in the process. During this time, another 20,000 auto parts workers lost their jobs in the state. There are many more similar examples like this in many other industries and in farming.

All of us need to have an economic conversion experience. Even during the most active times in the Occupy Wall Street protests, President Obama passed three new free trade agreements. In Korea the people came out in mass to protest the the new agreement with them. No one seem to care in the U.S.A including the Occupy Wall Street movement. There virtually no opposition. President Obama even called the passing of these trade bills - job bills.

Free trade is the major cause of our economic crisis. If Wall Street did not have this as a tool, most of our financial problems would not exist. It comes down to this. If free trade agreements had to be ratified by a popular vote, it fair to say none of them would have passed. And I doubt there would have been a need for an Occupy Wall Street protest. The value of labor would have been high enough to support all needed government services. Occupy Wall Street movement should stress that all decisions should be made at the lowest possible level.

A massive big centralize government doesn't work especially in the new "ism" of Globalism

See Trade Traps

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