Tapsearch Com EditorWhat would Henry Ford say about Greenspan
December 27th 2007 18:53
Bizarre Politics Reports:
Gospel according to Greenspan Completed
A view of Greenspan from the trenches continues - by Ray Tapajna
This was never intended to be a series of articles about Alan Greenspan and the Age of Turbulence. Our initial intent was to do a page or two review of his book. However, I found Greenspan was woven into my destiny and the destiny of others who worked while Greenspan and his followers evangelized unbridled Capitalism without personalism. Greenspan shows he did not believe in human nature being based on people being good. Instead he believed that greed has to be on the altar of life. Greed somehow has to be accomodated. Adam Smith believed something entirely different and held labor as something sacred and the core of societies.
Today Greenspan's gospel has been completed. The Benedict Arnolds of the Corporate world have embraced him. The Henry Fords of the world are gone. I wonder how Henry Ford would react today. He made sure his assembly workers made enough money to buy the products they made. Today hugh new auto assembly plants are built outside the USA with no need for employee parking lots. Workers can not afford to buy the automobiles they make.
Workers across the globe are making products they can not afford to buy themselves let alone afford to buy any exports the USA may have left to sell.
Manufacturing and production is now portable - ready to be moved again and again if the natives get restless and demand more pay or workers dignity. The U.S. has chopped up the Golden Goose of local vallue added economies that laid the Golden Eggs and shipped the pieces around the world. However, the pieces bang the sides in the hole of our economic ships. They should be called the Economic Titanics.
The 1970s proved to be the pinnacle for local value added economies - then the fake Oil Crisis came
The US started the Maquiladora factory program in Mexico in 1956. It was supposed to be a temporary progam to help the Mexican and Central American economies while providing cheaper goods for the American consumers. This proved to be the jist of Free Trade and Globalization where you move production for the sake of cheaper labor and somehow everyone will be better off. It had very little to do with trading products. The main commodities traded are human beings as workers. In 1970, there were only a 120 Maquiladora factories moved to Mexico. With Greenspan as Chairman of the Federal Reserve, this number grew to more than 4,000 former US factories in Mexico alone. However, some factoriers start moving out of Mexico in about 2001 headed for China. Mexican workers chose to go to the USA rather than work for just a few dollars a day in the Maquiladora factories. In China, workers will work for pennies a day.
The 1970s signaled the ending of our local value added economies. Since then a generation has been sacrificed in testing the new global economy. It looks like another generation will be sacrificed too even though history now testifys that Globalization and Free Trade have been a failure. Arthur Anderson, a profound part of our economic existence has closed. They did not know how to contend with the Benedict Arnolds in the corporate world. Many now wonder how many of the financial giants will fall too. Personal and business bankruptcies are banging up against the financial walls. The Trade Deficit is too. Who said we had to compete like this in a global economic arena? This question needs to be answered now. The Free Market includes all except the monopolies similar to J P Morgan and John Rockefeller monopolies. Teddy Roosevelt said his worst fear for America is when big government and big business become one. However,the Free Market is stops at the door of the Federal Reserve. It is not part of Free Trade. It is in another world out of reach of the common good and the common man.
This question will have to be answered soon because the natives are restless working at places like Wal-mart who are the giant distributors for the wage slave trade. A tidal wave of Populism is coming our way from South America. Hopefully, this Populism will not changed into radical Socialism as workers around the world watch from their rafts in an ocean of turmoil.
This was never intended to be a series of articles about Alan Greenspan and the Age of Turbulence. Our initial intent was to do a page or two review of his book. However, I found Greenspan was woven into my destiny and the destiny of others who worked while Greenspan and his followers evangelized unbridled Capitalism without personalism. Greenspan shows he did not believe in human nature being based on people being good. Instead he believed that greed has to be on the altar of life. Greed somehow has to be accomodated. Adam Smith believed something entirely different and held labor as something sacred and the core of societies.
Today Greenspan's gospel has been completed. The Benedict Arnolds of the Corporate world have embraced him. The Henry Fords of the world are gone. I wonder how Henry Ford would react today. He made sure his assembly workers made enough money to buy the products they made. Today hugh new auto assembly plants are built outside the USA with no need for employee parking lots. Workers can not afford to buy the automobiles they make.
Workers across the globe are making products they can not afford to buy themselves let alone afford to buy any exports the USA may have left to sell.
Manufacturing and production is now portable - ready to be moved again and again if the natives get restless and demand more pay or workers dignity. The U.S. has chopped up the Golden Goose of local vallue added economies that laid the Golden Eggs and shipped the pieces around the world. However, the pieces bang the sides in the hole of our economic ships. They should be called the Economic Titanics.
The 1970s proved to be the pinnacle for local value added economies - then the fake Oil Crisis came
The US started the Maquiladora factory program in Mexico in 1956. It was supposed to be a temporary progam to help the Mexican and Central American economies while providing cheaper goods for the American consumers. This proved to be the jist of Free Trade and Globalization where you move production for the sake of cheaper labor and somehow everyone will be better off. It had very little to do with trading products. The main commodities traded are human beings as workers. In 1970, there were only a 120 Maquiladora factories moved to Mexico. With Greenspan as Chairman of the Federal Reserve, this number grew to more than 4,000 former US factories in Mexico alone. However, some factoriers start moving out of Mexico in about 2001 headed for China. Mexican workers chose to go to the USA rather than work for just a few dollars a day in the Maquiladora factories. In China, workers will work for pennies a day.
The 1970s signaled the ending of our local value added economies. Since then a generation has been sacrificed in testing the new global economy. It looks like another generation will be sacrificed too even though history now testifys that Globalization and Free Trade have been a failure. Arthur Anderson, a profound part of our economic existence has closed. They did not know how to contend with the Benedict Arnolds in the corporate world. Many now wonder how many of the financial giants will fall too. Personal and business bankruptcies are banging up against the financial walls. The Trade Deficit is too. Who said we had to compete like this in a global economic arena? This question needs to be answered now. The Free Market includes all except the monopolies similar to J P Morgan and John Rockefeller monopolies. Teddy Roosevelt said his worst fear for America is when big government and big business become one. However,the Free Market is stops at the door of the Federal Reserve. It is not part of Free Trade. It is in another world out of reach of the common good and the common man.
This question will have to be answered soon because the natives are restless working at places like Wal-mart who are the giant distributors for the wage slave trade. A tidal wave of Populism is coming our way from South America. Hopefully, this Populism will not changed into radical Socialism as workers around the world watch from their rafts in an ocean of turmoil.
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