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.
Showing posts with label free trade agreements. Show all posts
Showing posts with label free trade agreements. Show all posts
Wednesday, September 3, 2008
Tuesday, July 1, 2008
What's the Plan?
Our economic planners, after the unprecedented economic growth produced by a more progressive tax code in the 1990's, planned the economy to deflate.
The rejection of trickle-down economics in the 90's for a more Jeffersonian model of political economy produced an environment in which new businesses flourished and labor was more in control than it had ever been by market forces. Economic growth was exceptionally strong, disconfirming the trickle-down hypothesis, and confirming the progressive tax hypothesis.
The pluralistic environment of a progressive tax code is inimical to big business which relies on regressive taxation, accumulating debt, slow growth (minimal competition), high prices (maximal inflation and profits), demand reduction (declining purchasing power), overproduction (rising inventories) and rising unemployment--stagflation and deflation, or what we have now. That's the plan. Mission accomplished.
The Hamiltonian plan entails shipping our raw materials to Asia, where it is a labor-buyer's market, and shipping cheap finished goods back. The only advantage of the free trade agreements is the labor cost advantage. Otherwise, the trade agreements are a model of inefficiency, or extremely bad planning. The result, the plan, is inflation AND unemployment for our nation, which is why it is beyond the technology of monetarism to bank our way out of it.
For a small elite of the super rich, the supra-sovereign elite in command of the global economy, the plan is a complete success. For the vast majority of Americans, it is proving to be a dismal failure, just as planned.
Now that Americans are increasingly desperate for jobs, the comparative labor-cost advantage shifts back, especially if we have state-provided healthcare. The energy cost also adds a comparative, natural, advantage for manufacturing to be closer to both its raw material inputs and its consumer market. Again, this advantage should have never been commanded away. It was a huge misfeasance, if not a deliberate malfeasance, doing tremendous harm for a very narrow benefit.
A more pluralistic model of power and political economy is clearly in order to wrest this command economy away from its commanders.
Ensuring a genuine, unconsolidated, free market mechanism in priority, beginning with a simple progressive tax code on all income without exception, is clearly in order.
John McCain is not the candidate to do that.
If you want a plan that works for the vast majority of America, its businesses, its government, with a thoroughly verifiable legitimacy that is the constitutional legitimacy of providing for the general welfare, and not a small group of would-be monarchs, vote for the conscience and competence we need to move our nation forward, Barack Obama!
Copyright 2008 by Griffith Lighton
The rejection of trickle-down economics in the 90's for a more Jeffersonian model of political economy produced an environment in which new businesses flourished and labor was more in control than it had ever been by market forces. Economic growth was exceptionally strong, disconfirming the trickle-down hypothesis, and confirming the progressive tax hypothesis.
The pluralistic environment of a progressive tax code is inimical to big business which relies on regressive taxation, accumulating debt, slow growth (minimal competition), high prices (maximal inflation and profits), demand reduction (declining purchasing power), overproduction (rising inventories) and rising unemployment--stagflation and deflation, or what we have now. That's the plan. Mission accomplished.
The Hamiltonian plan entails shipping our raw materials to Asia, where it is a labor-buyer's market, and shipping cheap finished goods back. The only advantage of the free trade agreements is the labor cost advantage. Otherwise, the trade agreements are a model of inefficiency, or extremely bad planning. The result, the plan, is inflation AND unemployment for our nation, which is why it is beyond the technology of monetarism to bank our way out of it.
For a small elite of the super rich, the supra-sovereign elite in command of the global economy, the plan is a complete success. For the vast majority of Americans, it is proving to be a dismal failure, just as planned.
Now that Americans are increasingly desperate for jobs, the comparative labor-cost advantage shifts back, especially if we have state-provided healthcare. The energy cost also adds a comparative, natural, advantage for manufacturing to be closer to both its raw material inputs and its consumer market. Again, this advantage should have never been commanded away. It was a huge misfeasance, if not a deliberate malfeasance, doing tremendous harm for a very narrow benefit.
A more pluralistic model of power and political economy is clearly in order to wrest this command economy away from its commanders.
Ensuring a genuine, unconsolidated, free market mechanism in priority, beginning with a simple progressive tax code on all income without exception, is clearly in order.
John McCain is not the candidate to do that.
If you want a plan that works for the vast majority of America, its businesses, its government, with a thoroughly verifiable legitimacy that is the constitutional legitimacy of providing for the general welfare, and not a small group of would-be monarchs, vote for the conscience and competence we need to move our nation forward, Barack Obama!
Copyright 2008 by Griffith Lighton
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