The New Right Prosperity Story ☀
Without the cost impact of free trade, what do you think the lifestyle of those tied to the balls/chains would be?
I’ll also point out that Southeast Asians - for some reason depicted with racist imagery here - are slaves of their own nations. China, for example, purchases debt using tax revenue. Its currency policy robs the savings accounts of its workers of purchasing power in order to promote exports. Our debt policy engages similar forces to encourage expenditures and debt, facilitating imports. I’ll point out that central banks play the primary role in these processes, not corporations.
With respect to wages and rights, US workers and workers abroad are experiencing an equalization of their standards of living. US workers have much further to fall, and will fall. I will enjoy the growing frustration of the labor movement in this area, as the continually poor quality of thought demonstrated by labor organizations is terribly amusing - eventually they’ll figure out that violent nationalism is the best route to their goals and we’ll remember why the developed world represses the proletariat. Developed economies - “corporate America” is simply a dog-whistle for morons - are merely dry-humping the corpse of Earth, drained of its resources, and the suffering the world’s people is merely a poorly-understood consequence.
A great lot of assumptions are inherent in your response text.
If we’re examining the architecture of a system that generates riches and wealth, no doubt, it is structured to reap loot.
Problem is, throughout most of history, those proceeds flowed only to a narrow band at the peak of an economic pyramid of people. In Europe, the development of social democratic programs lifted economic fortunes for most. In America, the advent of FDR New Deal programs, along with the rise of organized labor (as too, in Europe) distributed an elevated standard of living to most of the populace too.
And the odd thing is, that period of history was also western civilization’s most fruitful and productive time. Where social mobility and probability of advancement in life earnings and status was greatest, according to those that brandish statistics on the matter.
Are you really suggesting that in an earlier era, when finished goods were predominately homespun, and a typical high school dropout could nab a job and support a stay-at-home mom and family, and lesser aggregate productivity output, that American workers were even in deeper need of “equalization of standard of living”? How can such a thing be postured if one objectively examines the historical record?
Though, sadly, in recent years, productivity keeps increasing in significant strides, yet that accrual is not seeping over to the working masses. Some economists point out that this is the true cause of the recent economic downturn, along with the all the financial gimmicks and redeployment of valuable human resources that would better serve progress in other fields of art and science.
