Showing posts with label protecting Americans from globalization. Show all posts
Showing posts with label protecting Americans from globalization. Show all posts

Friday, June 07, 2019

Globalization: "It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive financial corporations."

In the Conservative Treehouse, Sundance reports that the US Chamber of Commerce is threatening to sue President Trump over Mexican tariffs.
The supply chain results completely refute U.S. CoC Tom Donohue;s doomsayer-promised economic proclamations. If tariffs are so destructive, why was/is everyone ‘except the U.S’ using them to protect their industry segments and economies?

The truth is, the financial class and professional multinational lobbyists don’t want people to realize the modern trade system was designed to reduce American wealth. It’s a feature not a flaw.

The collapse of U.S. manufacturing did not happen accidentally. The rust-belt was not created accidentally. NAFTA was not designed accidentally. The back-door to the U.S. market was not created accidentally. Middle-class jobs were not lost accidentally. Wages did not stagnate accidentally…. All of these results were brought about by specific design.

Who or what was in charge of the plan?

At the heart of trade agreements over the past 30 years you will find the U.S. Chamber of Commerce. Yes, a Wall Street multinational corporate lobbying group actually wrote three decades of trade agreement language.

A team of business “experts” from within the U.S. CoC wrote the terms and conditions of actual trade agreements for Reagan/Reagan, Bush, Clinton/Clinton, Bush/Bush and Obama/Obama. Add it up, that’s 30 years….. now look back to when the rust started, not coincidentally that’s 30 years ago.

All that stopped with Donald Trump.

...Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”

What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.

It’s not.

It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive financial corporations.

...Bulletpoint #1: ♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.

...Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.

...Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).

...Bulletpoint #4 ♦ With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Read more here.

Monday, January 23, 2017

Trump: giving battle to the forces of evil

David Goldman writes that Donald Trump may be
the lone avenger who stands up to the depraved powers of the world and calls them out for combat.

Ted Cruz, an engaged and enthusiastic evangelical Christian, failed to understand the religious impulse of the American electorate. They did not want a politician-pastor to preach to them what they already knew. They wanted a hero, sinner though he be, to give battle to the forces of evil — a Jephtha or a Saul. The election of Donald Trump represents a radical return to America’s recondite nature. Some have compared his election to that of “populist” Andrew Jackson in 1828, which is wrong for many reasons: the comparison is the election of Lincoln in 1860.

That seems blasphemous, for Trump is no Lincoln; he is brittle where Lincoln was tolerant, resentful where Lincoln was self-deprecating, Philistine where Lincoln was intellectual, and often cruel where Lincoln was unfailingly kind. But the parallel remains. Not since 1860 have American voters rejected their elite and chosen a candidate without apparent qualifications. Ronald Reagan may have started as an actor, but he had served two terms as Governor of America’s largest state before he ran for the presidency. Lincoln had served a single term in Congress a decade before the election.

Having thrown out the failed elite, Trump has the problem of governing with newcomers and outright amateurs. Trump’s administration thus far is a bit of a mess, but critics should cut him a bit of slack. There is no foreign policy elite, and not much of a national security elite. Most of the grand names in the intelligence community bet on Trump’s defeat — which shows how deficient they are at intelligence. A good deal of mud has been thrown at his National Security Advisor, Gen. Michael Flynn, who ran a relatively minor part of the intelligence community, the Defense Intelligence Agency. But Gen. Flynn refused to suppress intelligence showing that ISIS was growing into a major threat years before the Obama administration admitted it, and got fired for sticking to his guns.

A three-star general who won’t be bullied by his superiors into lying for political reasons is a moral and intellectual giant next to the mandarins of the Central Intelligence Agency, who got virtually everything wrong during the past twenty years. Give Gen. Flynn time to settle into his job. He has brought some very bright people into senior staff positions, and in my prediction will be far more effective than Condoleezza Rice during the Bush 43 administration – not to mention the miserable Susan Rice, whose appointment as National Security Advisor was a bad joke.

...Most of all Trump wants to protect Americans from globalization, and rightly so. At the peak of its technological dominance in the decade after the Cold War, when America fielded the technologies that made the modern economy, America opened its gates to China (allowing it into the World Trade Organization) and Mexico through the North American Free Trade Agreement. This occurred during the Clinton Administration at the peak of America’s investment boom in technology. We invented semiconductors, lasers, optical networks, sensors, displays, virtually the whole of the modern economy.

But America was too complacent. Its share of global high technology exports (as defined by the World Bank) fell from 18% to 7% between 1999 and 2014, while China’s share soared from 3% to 26%. China used every lever of industrial policy, including state subsidies, loans from state-owned entities, and so forth, to create employment in tech industries. That is the Asian industrial model, and in many cases it works. It is hardly fair to expect America to play by free market rules while its competitors indulge in aggressive mercantilism.

...Ultimately, no government can protect American workers unless productivity growth resumes. American productivity growth has fallen to zero for the first time since the stagflation of the 1970s. Without productivity growth, American living standards will fall, irrespective of whether the government pursues protection or free trade. I have argued elsewhere in this publication that reviving military and aerospace R&D is the key to productivity growth.

Donald Trump could be a character in a Frank Capra film or a Sinclair Lewis novel. He is our generation’s incarnation of Bunyan’s pilgrim. I do not mean that as praise (I never liked Bunyan, as it happens). That simply is the kind of people we Americans are, or rather the sort of people we have become at two and a half centuries’ distance from our Revolution. We never have succeeded in training an elite. Whenever an American elite finds itself in power it chokes on its own arrogance. I cheered Mr. Trump to victory in the last election out of disgust for the do-gooders and world-fixers of both the Republican and Democratic mainstreams. Now I wish him good luck. He’ll need all the luck he can get.
Read more here.