Tapsearch Com EditorThe Elements in our Economic Storms
November 20th 2008 18:22
Bizarre Politics Reports:
Core of out Economic Storms
By Ray Tapajna, Editor and Artist at Tapart News and Art that Talksand summary of aritcles by Ray at
Core of our Economic Storms
The Elements
( This continues- articles about the money crisis - and Whos your Daddy now? More information will follow these primary elements behind the storm . )
_____________________________ _____
The old Capitalistic economies fall - Free Enterprise System terminal. Someone should tell the stock market that Government and Big Money just got married :
I. We do not need any conspiracy theories to know that globalization and free trade have not evolved in a natural economic fashion but has been driven by powerful forces inside government and big business outside the will of the people. In any analysis of what went wrong, ther first question should be - who said we had to compete like this for the same jobs in a global economic arena ? The U.S. Government sponsored the moving of factories outside the U.S. starting in 1956. It was supposed to be a temporary program to test the feasibility of making production portable to other lands. The program never ended and it became the setting for so called free trade with the cost of labor being the pivotal action in the process.
II. The cost of labor is the only real variable in the drive for a global economy. Most everything else is about the same when it comes to competition. The cost of labor in the more prosperous countries was higher. The cost was based on the cultural and refined developments put in place to provide a better society. The labor costs were in tune with the common good of individual nations.
The cost of labor was a place where radical discounts could be applied for the sake of cheaper products from outside the more prosperous nation. Thus, factories and production were moved to take advantage of the cheap labor costs in other countries that did not have the overhead of things like the entitlements or other benefits. Companies could also move their factories to escape pollution regulations and other constraints that a more prosperous nation was able to establish. Globalization and free trade was able to bring this down to the lowest levels down to wage slave and even child labor. The advancement of human dignity in the workday was smashed.
III. Even Adam Smith held labor as something sacred and the core of all societies. Economically, workers and labor represent a tangible asset but globalization and free trade held the cost of labor as a liability. Free trade rejected the idea that a more prosperous nation with workers making a living wage, could produce and expand more readily without sacrificing workers' dignity and discounting their value - which compared to printed paper money was a real tangible value and asset.
As the Marshall Plan proved, a more prosperous nation could help other nations to duplicate success by creating local value added economies in national settings instead of breaking up a prosperous economy and sending the parts around the world. Free enterprise is supposed to be able to make it easier to be good but changing it to a so called free market set loose a terrible assault on the common good of all with the degradation of labor on both a human dignity level and on a valued economic level as a real tangible asset as a foundation for any money standard. President Roosevelt said he did not care about the dollar and money when he started the Lend Lease program to support nations who did not have any money left to fight Totalitarian governments in Europe and Asia. He ignited the most awesome industrial might in history. That industrial might won World War 2 and helped rebuild traditional local value added economies in Europe and Asia. Why would anyone want to break up this successful forumla? Apparenly, greedy few selected a different course that evolved into so called free trade which really is not trade as historically defined and practiced.
IV. Instead powerful elite forces outside the will of the people chose to subsitute financial products instead. They had room to discount the cost of labor and take advantage of what was really deflation of the value of workers and labor as a tangible asset. They substituted financial products with intangible values of a questional source - printed payer money. The Federal Reserve Bank, a master bank of banks and not a government agency or bureau, took paper and had printed images of money on the paper. They called it money and charged interest on it. The core value of this money was based on the manipulations of values tied to business transactions which were all intangible in nature. U.S. Saving Bonds were the same but at least they were based on the value of what the the U.S. is as a whole including the value of workers and labor. In this way, U.S. Saving Bonds had a real tangible value and should be considered today as a source to save our economy.
They could even be used as incentives whereby buyers of products made in the U.S.A - like automobiles etc - could get these bonds free or at a discounted rate.
This would be much better than any government bail out of financial institutions or manufactures.
VI. Unfortunately , through free trade and globalization , the U.S. economy was chopped up into pieces with the parts shipped around the globe. The golden goose that laid the golden eggs was killed. A vast new working poor class replaced the middle class. This had a domino affect across American and subsequently across the globe. Under class workers in other lands could not make enough money to buy the things they made while the working poor class in the USA and the millions of Americans missing in action from any kind of reporting are not even able to support the cheaper imports from abroad. Free trade and globalization are dependent on American consumerism. Consumerism is the backbone of free trade and it has been broken. The working poor class and what is left of the middle class were dependent on cheaper and cheaper imports that have reached a level where production has exceeded demand. The tangible value of workers and labor has reached an end and this played a giant part in the fallout of all the intangible financial products.
Now we face a future where the old axiom plays out - you can pay me now or you can pay me later but sooner or later you will pay. Now we have a new kind of tariff with this tariff being put on worker and labor in terms of bail outs which will not work because of the devaluation of workers and labor across the globe. Both the more prosperous nations and the poorer nations have given all they got and not much is left of any value but borrowing on the future again.
Core of our Economic Storms
The Elements
( This continues- articles about the money crisis - and Whos your Daddy now? More information will follow these primary elements behind the storm . )
_____________________________ _____
The old Capitalistic economies fall - Free Enterprise System terminal. Someone should tell the stock market that Government and Big Money just got married :
Big Money and Government Marry
Real fair Free Enterprise system fading away
I. We do not need any conspiracy theories to know that globalization and free trade have not evolved in a natural economic fashion but has been driven by powerful forces inside government and big business outside the will of the people. In any analysis of what went wrong, ther first question should be - who said we had to compete like this for the same jobs in a global economic arena ? The U.S. Government sponsored the moving of factories outside the U.S. starting in 1956. It was supposed to be a temporary program to test the feasibility of making production portable to other lands. The program never ended and it became the setting for so called free trade with the cost of labor being the pivotal action in the process.
II. The cost of labor is the only real variable in the drive for a global economy. Most everything else is about the same when it comes to competition. The cost of labor in the more prosperous countries was higher. The cost was based on the cultural and refined developments put in place to provide a better society. The labor costs were in tune with the common good of individual nations.
The cost of labor was a place where radical discounts could be applied for the sake of cheaper products from outside the more prosperous nation. Thus, factories and production were moved to take advantage of the cheap labor costs in other countries that did not have the overhead of things like the entitlements or other benefits. Companies could also move their factories to escape pollution regulations and other constraints that a more prosperous nation was able to establish. Globalization and free trade was able to bring this down to the lowest levels down to wage slave and even child labor. The advancement of human dignity in the workday was smashed.
III. Even Adam Smith held labor as something sacred and the core of all societies. Economically, workers and labor represent a tangible asset but globalization and free trade held the cost of labor as a liability. Free trade rejected the idea that a more prosperous nation with workers making a living wage, could produce and expand more readily without sacrificing workers' dignity and discounting their value - which compared to printed paper money was a real tangible value and asset.
As the Marshall Plan proved, a more prosperous nation could help other nations to duplicate success by creating local value added economies in national settings instead of breaking up a prosperous economy and sending the parts around the world. Free enterprise is supposed to be able to make it easier to be good but changing it to a so called free market set loose a terrible assault on the common good of all with the degradation of labor on both a human dignity level and on a valued economic level as a real tangible asset as a foundation for any money standard. President Roosevelt said he did not care about the dollar and money when he started the Lend Lease program to support nations who did not have any money left to fight Totalitarian governments in Europe and Asia. He ignited the most awesome industrial might in history. That industrial might won World War 2 and helped rebuild traditional local value added economies in Europe and Asia. Why would anyone want to break up this successful forumla? Apparenly, greedy few selected a different course that evolved into so called free trade which really is not trade as historically defined and practiced.
IV. Instead powerful elite forces outside the will of the people chose to subsitute financial products instead. They had room to discount the cost of labor and take advantage of what was really deflation of the value of workers and labor as a tangible asset. They substituted financial products with intangible values of a questional source - printed payer money. The Federal Reserve Bank, a master bank of banks and not a government agency or bureau, took paper and had printed images of money on the paper. They called it money and charged interest on it. The core value of this money was based on the manipulations of values tied to business transactions which were all intangible in nature. U.S. Saving Bonds were the same but at least they were based on the value of what the the U.S. is as a whole including the value of workers and labor. In this way, U.S. Saving Bonds had a real tangible value and should be considered today as a source to save our economy.
They could even be used as incentives whereby buyers of products made in the U.S.A - like automobiles etc - could get these bonds free or at a discounted rate.
This would be much better than any government bail out of financial institutions or manufactures.
VI. Unfortunately , through free trade and globalization , the U.S. economy was chopped up into pieces with the parts shipped around the globe. The golden goose that laid the golden eggs was killed. A vast new working poor class replaced the middle class. This had a domino affect across American and subsequently across the globe. Under class workers in other lands could not make enough money to buy the things they made while the working poor class in the USA and the millions of Americans missing in action from any kind of reporting are not even able to support the cheaper imports from abroad. Free trade and globalization are dependent on American consumerism. Consumerism is the backbone of free trade and it has been broken. The working poor class and what is left of the middle class were dependent on cheaper and cheaper imports that have reached a level where production has exceeded demand. The tangible value of workers and labor has reached an end and this played a giant part in the fallout of all the intangible financial products.
Now we face a future where the old axiom plays out - you can pay me now or you can pay me later but sooner or later you will pay. Now we have a new kind of tariff with this tariff being put on worker and labor in terms of bail outs which will not work because of the devaluation of workers and labor across the globe. Both the more prosperous nations and the poorer nations have given all they got and not much is left of any value but borrowing on the future again.
| 29 |
| Vote |
Shared on
Add To: 
Subscribe to this blog
