Watching Greed Murder the Economy
by Paul Craig Roberts
The collapse of world socialism, the rise of the high-speed Internet, a bought-and-paid-for U.S. government and a million dollar cap on executive pay that is not performance related are permitting greedy and disloyal corporate executives, Wall Street and large retailers to dismantle the ladders of upward mobility that made America an "opportunity society." In the 21st century, the U.S. economy has been able to create net new jobs only in nontradable domestic services, such as waitre ...
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Posted by: liz
Comment: #1
Thu Jul 10, 2008 11:29 PM
Greed is a double edged sword. I believe most American's knew a long time ago how it all was going to go, but hoped against hope that possibly they were mistaken and the very educated economists were smarter than they were. NOT! (American's are so gullible.) Remember when we all sold our gas guzzling, only good for 100,000 miles big American cars and started buying foreign, smaller imports? Better made, better mileage. There was also a "Buy American" slogan. Well, we didn't, so the outcome was predictable. We made our bed, we can either lay in it or remake it. The American Dream seems to becoming a bit of a nightmare in many ways.
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Posted by: Paul White
Comment: #2
Tue Jul 15, 2008 8:14 PM
Dear PCR,
I hope you read the comments here. "Watching Greed Murder the Economy" is another concise commentary on the looting of America. I never cease to be amazed at the supposedly educated people that believe sending jobs and industry out of the country is good for America. It is as plain as the nose on one's face how detrimental off-shoring is to anyone who can think it through.
I have long argued that it is time to bring back tariffs. We prospered greatly with tariffs in place and can do so again. Tariffs are the only way American workers can keep the hard won gains of the last century and not sink to slave-wage levels. Only the owner-class benefits from off-shoring. The working class gets absolutely nothing from it.
It's odd, don't you think, that protecting markets, accounts, IP, trade secrets, proprietary information & etc. is fine for businesses, but for workers to try to protect their livelihoods is deemed "protectionism" and unfeasible.
Regards,
Paul White
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Posted by: Paul White
Comment: #3
Tue Jul 15, 2008 8:18 PM
It's odd, don't you think, that protecting markets, accounts, IP, trade secrets, proprietary information & etc. is fine for businesses, but for workers to try to protect *their* livelihoods is deemed "protectionism" and unfeasible.
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