The West's Frankenstein Monster

Robert Miller writes in American Greatness,

The Europe of today may not yet be expansionist as were the great powers that dominated it in the past, but like its predecessors, it does not respect national self-determination or sovereignty. In fact, the Europe of today does everything in its power to subordinate the wills of its member-states to a geopolitical agenda that is both anti-democratic and anti-sovereignty.

...In his idealistic and Kantian naiveté, Emmanuel Macron decried nationalism as a “betrayal of patriotism.” Macron, Merkel, and other proponents of the EU are part of a distinct intellectual tradition that holds traditional Western notions of popular national sovereignty in utter contempt and is animated by the guiding principles of EU supranationalism. The spirit of the EU is perhaps best summarized in a quote displayed in front of the European Parliament by the late British diplomat Philip Kerr. Kerr, who pressured Churchill to appease Hitler, declared, “National sovereignty is the root cause of the most crying evils of our times . . . The only final remedy for this evil is the federal union of the peoples.”

...America can, and should set a foreign policy that undermines this European supranationalism.

...Using monetary diplomacy, the United States can approach countries skeptical of the Eurozone, and offer them the chance to resurrect their old national currencies through dollarization. In this hypothetical scenario, Greece, Italy, or other Eurozone states can reintroduce their national currencies and inspire confidence in the new currency by pegging it to the dollar. Once investors gained confidence in the new national currency, the reemerging state could decouple from the dollar and have its monetary independence once again. American businesses and tourists would have to exchange currencies more often as a result, but this hassle is a small price to pay in re-establishing national self-determination. Additionally, once monetary independence is recovered from a distant and burdensome European bureaucracy, European states could compete for business on their own terms.

Globalization has been a factor of politics since Mesopotamian city-states established trade routes with ancient Egypt and India; however, globalization in its 21st-century form does not work. Open borders harm national populations through lowering wages, allowing unrestricted flows of illicit substances and crime, and rendering national identities meaningless. This kind of globalization is not only unnatural, but it is divorced from historical experience. At present, European states are some of globalization’s biggest victims. Nebulous values such as “diversity” mean nothing when they bring suicide bombings and poverty along with them. In the balance of competing values, national sovereignty is simply too valuable to turn in for an alternative.

Now, these institutions have become the West’s Frankenstein monster. It’s a monster that threatens us politically, economically, and culturally. To begin taming the beast and save the West, America must seek to free European states from the monster the EU has become.

Read more here.

Who loves globalization?

Victor Davis Hanson writes,

...One half of the West — the half that lives mostly on the seacoasts of America and Western Europe — loves globalization. The highly educated and cosmopolitan “citizens of the world” have done well through international finance, insurance, investments, technology, education, and trade, as the old Western markets of 1 billion people became world markets of 6 billion consumers.

Read more here.

"American conglomerates have embraced the “benefits” of globalization"

Jim Quinn writes at Director Blue,

Since the passage of NAFTA in 1994 and China’s decision to provide slave labor to foreign corporations around the same time frame, American conglomerates have embraced the “benefits” of globalization:

Close your plant in the U.S. and fire Americans.

Open a plant in Mexico or China and hire locals at slave wages to do the same job as the fired Americans.

Sell cheap products back into the U.S., undercutting the prices of smaller domestic producers and eventually putting them out of business – resulting in more American job losses.

American conglomerate Ivy League educated CEOs listen to the advice of criminal Wall Street bankers and use their excess profits to buyback their stock and drive their personal compensation to astronomical levels.

Capital investment by American conglomerates becomes virtually non-existent.

Meanwhile, China steals the American technology and product designs and eventually produces knock-off products, undercutting American conglomerates.

The Federal Reserve provides cheap and plentiful debt to Wall Street scum bankers, while Madison Avenue maggots convince Americans to accumulate debt to purchase the cheap foreign made goods.

The production jobs shipped to China and Mexico are replaced with low paying service jobs in the retail and restaurant sector, sustained by the Federal Reserve debt machine.

Many, if not most, of those voting for Donald Trump want less government in their lives. Trump railed against corruption, government favoritism, crony capitalism, and special deals. For the last eight years we’ve witnessed Obama favor green energy frauds like Solyndra, use taxpayer funds to save union jobs at GM and Chrysler, provide tax breaks to wealthy buyers of Tesla luxury cars, purposely destroy the coal industry, and not prosecute one Wall Street criminal banker. This Carrier deal is just a different version of the government carrot and stick game used by every president.

This high profile deal is a symbolic message to Trump voters and American corporations, but it can’t become the standard operating procedure for his presidency. Government picking winners and losers, aligning with particular companies or industries, or attempting to manage the economy is nothing but an expansion of the corporate fascism we’ve been experiencing for decades. Trump needs to create an economic climate which will convince American companies to expand, invest, and hire more workers. He has already documented what really needs to be done:

Reduce corporate and individual tax rates. If corporations are allowed to keep more of their profits, they are more likely to hire and invest in their facilities. Many new businesses are started by individuals, so lowering their taxes provides more resources for growing their businesses.

The regulatory nightmare strangles small business owners, giving an unfair advantage to conglomerates. Wiping out thousands of useless Federal regulations will save existing businesses billions and allow fledgling businesses to get off the ground.
Repealing Obamacare and replacing it with a more market oriented competitive healthcare system which reduces the outrageously high costs to companies and individuals would free up billions of investment or spendable funds for companies and individuals.
Existing trade deals need to be renegotiated to make sure global trade is truly free. Wage arbitrage cannot be the sole basis for why companies decide which country to build their plants. China makes it extremely difficult for American companies to do business in China from a tax and regulatory basis. Any fair trade deal would address these inequities.

Read more here.