Free trade agreements, touted as a way to create jobs and economic growth for Americans by both Democrats and Republicans, has failed its legitimacy, its promise, of providing for the common good.
The top one percent of incomes have been the larger beneficiaries of the free trade agreements, just as political party and corporate elites designed it. The result, combined with the peak demand for energy and materials (commodities prices), has been a consolidation of wealth in the US not seen since before the Great Depression. The sub-optimal, mal-distribution, of income is THE indicator of economic health that the advocats of free trade will not correlate with the practical effect of the agreements.
For example, the Fed recently warned of the classic bugbear of consolidation of capital and markets--the impending deflation of emerging markets that the free trade agreements are supposed to prevent. Instead, the agreements have caused a global deflationary trend marked by, as the Fed descibes it, a tendency to overextend credit (a deficiency of income distribution that is over-consolidation of capital) that will result in the classic liquidity crisis.
Communist China is fixing to find out what being capitalist really means as the corporate elite of the global economy (the top one percent of incomes) utilizes the classic means of consolidating the wealth and power. China will be learning, as Adam Smith prescribed, what it means to ensure pluralism in priority--to not allow for consolidation and the liquidity crisis that results.
The free trade agreements are a pluralistic fraud. The evidence, confirmed by the recent Fed warning about the financial disposition of global credit markets, is clear and convincing.
Equally clear and convincing is the need to deconsolidate the capital. Do not be fooled, once again defrauded, by the machinations of party politics where we now see Republicans touting McCain as a "Progressive," like Theodore Roosevelt.
Roosevelt was a trust-buster and progressed the tax code--just the opposite of the McCain agenda. The McCain campaign is all about regressive taxation and the consolidation of wealth and power that results.
Advocating that staying the course on our free trade agreements and a regressive tax code is the way to prosperous pluralism is an outright fraud that demands a strict and decisive prosecution.
Ensure a free and unconsolidated marketplace in priority, beginning with a more progressive tax code and the fullest application of anti-trust laws, and free trade naturally emerges as the ornament of a global economy built on sound fundamentals.
Let's have a global economy in which a peaceful and prosperous pluralism naturally emerges, not negotiated with always the prospect of it by elite plutocrats whose best interest is to prevent it.
As the dollar strengthens with a retrace on commodities prices, the prospect for the promise of a peacefully prosperous global economy is tragically diminished. The weak dollar recovery economists have argued to be the efficiency of allowing a consolidation of industries and markets is proving to be, as any free-market economist predicts, in reversal.
The bad prediction on the value of the dollar and the deflationary affect on global economic trade, now being disclosed by our chief economists, is not the product of ignorance or stupidity. No. It is a deliberate fraud! It is emblematic of the consolidated corporate power structure that obtains.
Characterizing McCain as a Progressive continues that fraud.
Don't fall for it!
If you want a peaceful and prosperous pluralism to "emerge" with what is described as "emerging markets" (the global economy)... if you really want to enhance the prospect of YOUR economic growth as these markets emerge...
Obama/Biden 2008!
Very best wishes.
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