71–80 of 96 posts
Tariffs wars are the prelude to military wars. Capitalism breeds globalization and then his destruction.
> Capitalism breeds globalization and then his destruction. Do we have any precedence for the destruction part?
That would be a great law against lobbyism and revolving doors politics.
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On the other hand, I bet a lot of people in Detroit wouldn't mind paying more for the goods they consume if that meant having stable jobs and living in a city that is not bankrupt. The QE point you're making is interesting. In addition to that I think it should be noted that the money that was "printed" disproportionately went to the richest, just as the benefits of globalization did. In conclusion, while globalizati…
The US unemployment rate currently stands at 4.2% - despite all the hundreds of millions of jobs that have been outsourced to Chinese workers. Why isn't this gap larger? The reason is simple: as jobs move to places where they can be done cheaper, the market reorganizes itself! That's why horses, telegrams, and zeppelins are not missed. Better tech. has replaced them; these Americans got better jobs, mostly by moving…
Many governments around the world have figured out the US unemployment rate filter trick. What is actually being measured at this point is not important.
The market fundamentalist are performing a type of data ritual to the market gods with the unemployment rate. Make the data look good and the gods will reward us.
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Did Detroit loose out to China or automation?
Not sure. The specific example is less important than the idea that even if total economic output increased there may be a large minority (or possibly a majority) who did not benefit from it because the profits were distributed unevenly
I agree. The WTO should be limited to democratic countries. It was a huge mistake to have countries like China, Russia and Saudi-Arabia in the WTO. These countries don’t play by the rules and consequently should be punished by the highest tariffs possible.
Therefor I‘m in favor of tariffs on good and services from dictatorships. But I‘m against tariffs on goods and services from democratic countries.
„A crucial mistake,’ according to Lighthizer, had been to let China into the WTO and treat it as just another country like America’s free-market allies.“ I agree. The WTO should be limited to democratic countries. It was a huge mistake to have countries like China, Russia and Saudi-Arabia in the WTO. These countries don’t play by the rules and consequently should be punished by the highest tariffs possible. Therefor…
„A crucial mistake,’ according to Lighthizer, had been to let China into the WTO and treat it as just another country like America’s free-market allies.“ I agree. The WTO should be limited to democratic countries. It was a huge mistake to have countries like China, Russia and Saudi-Arabia in the WTO. These countries don’t play by the rules and consequently should be punished by the highest tariffs possible. Therefor…
AFAIK China is democratic and has elections.
Of course I guess in America with our two party oligopoly we can’t really talk that much.
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AFAIK China is democratic and has elections.
Are there choices? Of course I guess in America with our two party oligopoly we can’t really talk that much.
„Aristotle thought that the life of tradesmen and mechanics was ‘ignoble and inimical to virtue’. He rather approved of the way that Thebes disqualified business types from public office until they had been retired for ten years.“ That would be a great law against lobbyism and revolving doors politics.
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It's not a UBI needed but a job guarantee. Those people that no longer have a job need to be made productive, both for society and for themselves. It's not like there aren't plenty of things that need doing!
Now you need to move and re-house the people to when it needs doing, train them, invest the capital costs needed, build out the administrative overhead, and tax the productive profitable economy to pay for it all. If there are things that need doing, you need to consider is it better for the government to do it, or to pay the private sector to do it. In principle the latter will still need to employ people.
The objective is to make use of the lost resource that comprises the unemployed, whilst also removing the social problem of having long term unemployed. It has the final benefit of anchoring the value of the currency against a unit of unskilled labour.