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The Rationale Quest - Politics, Economics and Philosophy

 
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

Economic Parodox

November 12th 2012 20:19
Ray Tapajna Living Journal Links


The Value of Workers and Labor Degraded in World of Economic Conflict



Our top to the bottom and bottom to the top economies are on a collision course

A Working Poor Class is in place. An Underclass is hidden in a Silent Depression

Our economies based on making money on money instead of making things are burning out.

Free trade is the major cause of our economic crisis but our government leaders will not admit it.

President Obama bails out the money changers, Wall Street, banks and large corporations but ignores those who have lost everything due to free trade. The U.S. has three different economies running side by side with each other. We have an investment community economy where it no longer matters where the products are made. However, this brings in another problem since our free trade economy is based on consumerism. If workers lose their jobs, who will there be to buy the consumer products. If the value of workers and labor is deflated to a point where it is not sync with the paper money values, the paper money values become less too. All the money products feel the affect. Austerity programs just make things worst since workers are left with even less.

Workers who still have jobs, are in a state of flux. They do not know how long they will have their jobs so they must look for ways to safeguard what they got and this affects the amount of spending needed to keep a free trade economy alive. A new circle the wagons economy takes over where the needs of the impoverished are ignored.

The impoverished working poor class and underclass face overwhelming odds. Their children are growing up desperately poor. Their main activity is watching their parents trying to find ways to pay the rent and groceries.

The money on money economy being bailed out operates in its own sphere of influence. Government piles up debt trying to keep things going. They try to spark the economy but the private sector is on life support. The growing income gap keeps widening with 7.50 an hour being the magic word for getting a job. Those with economic power to change things insulate themselves since they have to focus on keeping what they got. .

The culture is split into groups that do not understand each other needs. Neither the private sector or the public sector have sufficient tools to change events. The counter balances are extinct. Those in power and the money changers should know they can not survive themselves if they do not have a way to feed the system from the bottom to the top. All top to the bottom initiatives are out of order and in need of repair. The investment communities only can survive it they take heed and find ways to make the bottom trigger a balance flow of money values and the value of workers and labor. Economies can only grow this way for the sake of all of society.

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