Tapsearch Com EditorStatistics from the class room do not match up with the streets
December 29th 2008 20:13
Bizarre Politics Reports:
It is time to question statistics and explore the sources behind them in the global economic arena
By Ray Tapajna, Editor and Artist at Tapart News and Art that Talks
Summary of top articles by Ray from orble blogs
It's time to question contradictory statistics and their source.
James P. Moore Jr, Professor at Georgetown University School of Business tells us about five myths related to the U.S. economy in an article in the Cleveland Plain Dealer. He trys to tell us that things are not as bad as they seem to be.
It is time to get out of the class room and away from the statistics that come from of places like the Swiss-based World Economic Forum and the World Bank and the International Monetary Fund. It is time to live in the real world where so many have lost what it took a lifetime to save.
The Globalization of money products started before the Globalization of tangible products - The IMF led the way . ( Our next article is about this . )
The reality of the streets portrays living statistics. For years, we have broken bankruptcy records , the call for emergency food, home foreclosures ( foreclosures set records in the 1990s too ) and trade deficit records. I never related to the business schools in colleges being raised in a small business setting and working in four different factories while attending college full time. There was a vast void between my experiences in the real world and the college class room especially in the business schools. Today it is even more pronounced. It is obvious the free enterprise system is broken and divorced from the so called free market.
The free enterprise system should be a simple process where a owner makes or grows something and sells it at a margin to make a decent living for themselves and all the workers they use in the process. Good business depends on duplicating success in given societies for all to enjoy the rewards of the free enterprise system and grow more businesses and not less. Somewhere along the way, the free enterprise system got divorced from the free market system. We chopped up our local value added economies and shipped the pieces across the globe. Nations soon found they must protect their interests in far away places and find it impossible to bring back what was lost. ( I wonder sometimes what the statistics would be minus all the production and money, our military defense enjoy plus all the weapons we sell to others in other lands being the biggest at it in the whole world.)
We also must define what auxillary industries are. For example, talking about creating a new "green economy" and thus creating new jobs is a good thing but if we do the same thing we have in the past with high technology, nothing good will come from it. We can have all the best in education and research and development but if the final stage of production goes outside the USA, not only do we lose the invested value from the Rearch & Dev. phase but those who get to make the products can easily copy all that was invested in getting a product to market. We lead the world in high technology until we moved the production outside the USA. It was a nice deal for big money but it caused the most massive dislocation of jobs in U.S. history. Cleveland was once a top center for high technology innovations and look what happened to the region when all production phases of these innovations were moved outside the USA.
We also need to define the technicalities relating to productivity and its effects on the economy. Getting one worker to do the work of two by firing one may show an increase in productivity but it also means one of the two no longer have money to spend in supporting the economy. Once the stock market rewarded companies who were able to employ many while still making a profit . There were many manufacturers with 5,000 employees. Today it is a rare happening.
The trade deficit has broken records since the consummation of free trade more than fourteen years ago. ( We never had that many years as "protectionists" in U.S. history. The so called tariffs in the 1930s never really kicked during the brief time prior to the Lend Lease Act and World War 2 ) The trade deficit means you are buying much more than you are selling. This means you have to enjoy a bigger margin on the goods you still have left to sell to balance out the deficit, which in turns knocks you out of the competitive arena.
This led to the creation of a vast new working poor class in the USA and an impoverished working class in other countries where the products are made. This real deflation that is not reported. The value of labor and workers have been deflated. This value is an asset that backs up the value of money. Actually labor and workers represent one of the last money standards in the world and our money on money economy instead of making things is feeling the backfire of this deflated value. Why would anyone want to cut out the higher value of labor and workers who support consumerism which in turn supported free trade and the global economy.
This is the primary question of our times. Who said we had to compete like this with one another for the same jobs in a global economic arena? None of it makes any sense.
Ray Tapajna
Mobile user friendly summary of articles exploring the lost worlds in the globalist free trade flatworl
Summary of top articles by Ray from orble blogs
It's time to question contradictory statistics and their source.
James P. Moore Jr, Professor at Georgetown University School of Business tells us about five myths related to the U.S. economy in an article in the Cleveland Plain Dealer. He trys to tell us that things are not as bad as they seem to be.
It is time to get out of the class room and away from the statistics that come from of places like the Swiss-based World Economic Forum and the World Bank and the International Monetary Fund. It is time to live in the real world where so many have lost what it took a lifetime to save.
The Globalization of money products started before the Globalization of tangible products - The IMF led the way . ( Our next article is about this . )
The reality of the streets portrays living statistics. For years, we have broken bankruptcy records , the call for emergency food, home foreclosures ( foreclosures set records in the 1990s too ) and trade deficit records. I never related to the business schools in colleges being raised in a small business setting and working in four different factories while attending college full time. There was a vast void between my experiences in the real world and the college class room especially in the business schools. Today it is even more pronounced. It is obvious the free enterprise system is broken and divorced from the so called free market.
The free enterprise system should be a simple process where a owner makes or grows something and sells it at a margin to make a decent living for themselves and all the workers they use in the process. Good business depends on duplicating success in given societies for all to enjoy the rewards of the free enterprise system and grow more businesses and not less. Somewhere along the way, the free enterprise system got divorced from the free market system. We chopped up our local value added economies and shipped the pieces across the globe. Nations soon found they must protect their interests in far away places and find it impossible to bring back what was lost. ( I wonder sometimes what the statistics would be minus all the production and money, our military defense enjoy plus all the weapons we sell to others in other lands being the biggest at it in the whole world.)
We also must define what auxillary industries are. For example, talking about creating a new "green economy" and thus creating new jobs is a good thing but if we do the same thing we have in the past with high technology, nothing good will come from it. We can have all the best in education and research and development but if the final stage of production goes outside the USA, not only do we lose the invested value from the Rearch & Dev. phase but those who get to make the products can easily copy all that was invested in getting a product to market. We lead the world in high technology until we moved the production outside the USA. It was a nice deal for big money but it caused the most massive dislocation of jobs in U.S. history. Cleveland was once a top center for high technology innovations and look what happened to the region when all production phases of these innovations were moved outside the USA.
We also need to define the technicalities relating to productivity and its effects on the economy. Getting one worker to do the work of two by firing one may show an increase in productivity but it also means one of the two no longer have money to spend in supporting the economy. Once the stock market rewarded companies who were able to employ many while still making a profit . There were many manufacturers with 5,000 employees. Today it is a rare happening.
The trade deficit has broken records since the consummation of free trade more than fourteen years ago. ( We never had that many years as "protectionists" in U.S. history. The so called tariffs in the 1930s never really kicked during the brief time prior to the Lend Lease Act and World War 2 ) The trade deficit means you are buying much more than you are selling. This means you have to enjoy a bigger margin on the goods you still have left to sell to balance out the deficit, which in turns knocks you out of the competitive arena.
This led to the creation of a vast new working poor class in the USA and an impoverished working class in other countries where the products are made. This real deflation that is not reported. The value of labor and workers have been deflated. This value is an asset that backs up the value of money. Actually labor and workers represent one of the last money standards in the world and our money on money economy instead of making things is feeling the backfire of this deflated value. Why would anyone want to cut out the higher value of labor and workers who support consumerism which in turn supported free trade and the global economy.
This is the primary question of our times. Who said we had to compete like this with one another for the same jobs in a global economic arena? None of it makes any sense.
Ray Tapajna
Mobile user friendly summary of articles exploring the lost worlds in the globalist free trade flatworl
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