Tapsearch Com EditorGlobal trade letter forcasted economic crisis
June 3rd 2009 23:24
Bizarre Politics Reports:
Here's another of our published letter to The Plain Dealer in 1999 that
foretold the coming of our global economic crisis. Globalization and Free Trade are the main causes.
foretold the coming of our global economic crisis. Globalization and Free Trade are the main causes.
By Ray Tapajna, Tapart News and Art that Talks sites
From a series of our published letters that pretold the coming of our economic crisis.
Global trade presents obstacles for U.S. workers 1999 letter predicts 2009 economic crisis.
In your Nov. 17 editorial titled, "A China deal at last," the writer says it is time to end the dangerous farce of excluding China from the World Trade Organization that exists to promote order and discipline in global trade.
The most dangerous farce is the blind acceptance of the WTO as the body to do it. It is like having the fox guard the chicken coop. Where does the WTO get its power? Who controls it? It is certainly not based on a democratic vote. It is not based on the vote of the workers who have no voice in the transactions.
Traditionally, trade was based on trading things that one nation did not have for things another nation had. Today, the global economy is based on a massive dislocation of workers. The main commodity becomes the workers who are put on a world trading block to compete with 20-cents-an-hour and slave-labor workers.
Governments in a global economy become less sovereign and become more like power brokers in a world of shifting alliances. They can no longer fulfill promises of entitlements because speculative investments become divorced from production and labor. the financial world develops a logic of its own. Factory production can be moved from one locality to another without considering the socioeconomics costs of the burn-out society left behind.
We have evidence of this today. Public and private employers have continued unprecedented dispossession aimed at the heart of the typical American suburban Republic voter: middle age, middle class, college educated men who are irrelevant to the new world economy.
American workers cannot compete with people making only $10 to $45 a week. In the end, a burn-out society is the only thing left ( ... as we see in 2009. In the end, we now have tariffs on everything as bail outs of the financial communities - they take on a form of reversed tariffs and all this is ignored by President Obama who is marrying big government to big money. It is a global casino with a logic all its own outside the will of the people. )
From a series of our published letters that pretold the coming of our economic crisis.
From our Letter Box Archives predicting global economic crisis in 1999
Global trade presents obstacles for U.S. workers 1999 letter predicts 2009 economic crisis.
In your Nov. 17 editorial titled, "A China deal at last," the writer says it is time to end the dangerous farce of excluding China from the World Trade Organization that exists to promote order and discipline in global trade.
The most dangerous farce is the blind acceptance of the WTO as the body to do it. It is like having the fox guard the chicken coop. Where does the WTO get its power? Who controls it? It is certainly not based on a democratic vote. It is not based on the vote of the workers who have no voice in the transactions.
Traditionally, trade was based on trading things that one nation did not have for things another nation had. Today, the global economy is based on a massive dislocation of workers. The main commodity becomes the workers who are put on a world trading block to compete with 20-cents-an-hour and slave-labor workers.
Governments in a global economy become less sovereign and become more like power brokers in a world of shifting alliances. They can no longer fulfill promises of entitlements because speculative investments become divorced from production and labor. the financial world develops a logic of its own. Factory production can be moved from one locality to another without considering the socioeconomics costs of the burn-out society left behind.
We have evidence of this today. Public and private employers have continued unprecedented dispossession aimed at the heart of the typical American suburban Republic voter: middle age, middle class, college educated men who are irrelevant to the new world economy.
American workers cannot compete with people making only $10 to $45 a week. In the end, a burn-out society is the only thing left ( ... as we see in 2009. In the end, we now have tariffs on everything as bail outs of the financial communities - they take on a form of reversed tariffs and all this is ignored by President Obama who is marrying big government to big money. It is a global casino with a logic all its own outside the will of the people. )
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