Posts Tagged ‘Globalism’
Excellent article at Naked Capitalism: Free Trade and Unrestricted Capital Flow: How Billionaires Get Rich and Destroy the Rest of Us
tho I wonder if some who could benefit from reading this would quit too early because of finance-specific language? Take heart! read at least as far as this part:
There’s a straight line between “free-trade” — a prime tenet of both right-wing Milton Friedman thinking and left-wing Bill Clinton–Robert Rubin neoliberalism — and wealth inequality in America. In fact, if the billionaires didn’t have the one (a global free-trade regime) they couldn’t have the other (your money in their pocket). And the whole global “all your money are belong to us” process has only three moving parts. Read on to see them. Once you “get it,” you’ll get it for a long time…
And this part:
In its simplest terms, “free trade” means one thing only — the ability of people with capital to move that capital freely, anywhere in the world, seeking the highest profit. It’s been said of Bush II, for example, that “when Bush talks of ‘freedom’, he doesn’t mean human freedom, he means freedom to move money.” (Sorry, can’t find a link.)
At its heart, free trade doesn’t mean the ability to trade freely per se; that’s just a byproduct. It means the ability to invest freely without governmental constraint. Free trade is why factories in China have American investors and partners — because you can’t bring down manufacturing wages in Michigan and Alabama if you can’t set up slave factories somewhere else and get your government to make that capital move cost-free, or even tax-incentivized, out of your supposed home country and into a place ripe for predation.
Welcome to the Brave New World of pump and dump.
and another: When Capitalism only works for the wealthy
Quote of the Week We Ain’t Got Time to Bleed
We Ain’t Got Time To Bleed. It’s Time for the Revolution.
“You control our world. You’ve poisoned the air we breathe, contaminated the water we drink, and copyrighted the food we eat. We fight in your wars, die for your causes, and sacrifice our freedoms to protect you. You’ve liquidated our savings, destroyed our middle class, and used our tax dollars to bailout your unending greed. We are slaves to your corporations, zombies to your airwaves, servants to your decadence. You’ve stolen our elections, assassinated our leaders, and abolished our basic rights as human beings. You own our property, shipped away our jobs, and shredded our unions. You’ve profited off of disaster, destabilized our currencies, and raised our cost of living. You’ve monopolized our freedom, stripped away our education, and have almost extinguished our flame. We are hit…we are bleeding…but we ain’t got time to bleed. We will bring the giants to their knees and you will witness our revolution! “
-Former Minnesota Governor Jesse Ventura, April 12, 2011
If you take a job away from someone who is paid a reasonable wage because they enjoy the protections and prosperity of democratic government, move it across a border, and give it to someone living under a thugocracy, forced to work for pennies with no protections whatsoever, it should be just plain obvious that the worker on our side of the border and the worker on the other side of the border are not going to be better off. And when you do this on a massive scale it just stands to reason that most people on both sides of the border are going to be worse off.
But propaganda being what it is we were somehow convinced to try a worldwide experiment in taking good jobs from democracies and turning them into bad jobs in thugocracies. Now, of course, the experiment has run its course and we can see the results.
Worker Against Worker
Setting worker against worker enabled a few people to get really, really really wealthy and powerful and use that wealth to become even more wealthy and powerful. Our country is in decline, burdened by massive trade deficits because the ones with vested interests in cheap labor won’t let us won’t take on the mercantilists, burdened by budget deficits because those vested interests have bought low taxes and government subsidies, our infrastructure crumbles because multinational business leaders refuse to invest here, with no more need of us as workers, and the resulting hollowed-out middle class can’t consume anymore. Other countries also suffer from similar stresses.
Out of this situation a new global elite has emerged, contemptuous of democracy and government and any power but the power of their own money. In country after country, these top few won’t share the proceeds with their own, either, while they keep the world from approaching solutions.
“Food is produced by farmers everywhere in the world; but it is mostly bought and sold as commodities by ‘middlemen’, now mostly big corporations that trade globally, not just in a commodities market, but also in an elaborate financial derivatives market that pushes food prices up and creates price volatility.”
World food crisis rerun?
Food prices have been rising since 2003. By mid-2008, the food commodity price index peaked at 230 percent of its 2002 value, with most of the increase due to the grain prices. Corn and wheat both reached 350 percent and rice 530 percent respectively of their 2002 values . The United Nations declared 2008 the year of the global food crisis even before prices peaked , and an estimated 150 million were added to the world’s hungry that year . Although food prices have fallen from their peak, they remained well above 2002 levels;. By the end of 2009, more than a billion people are critically hungry, with 24 000 dying of hunger each day, over half of them children [3, 4]. The UN Food Programme faces a budget shortfall of US$4.1 billion.
The UN’s special rapporteur on the right to food Olivier de Schutter blames  “inaction to halt speculation on agricultural commodities and continued biofuels policies”, and warns of a rerun of the 2008 food price crisis in 2010 or 2011. What happened in 2007-8 was a “price crisis, not a food crisis”, he says, precipitated by speculation in the financial market that was not linked to insufficient food being produced.
January 24, 2010
The United States economy has lost over $7 trillion to international commerce in the past four decades, the majority of those losses have come in the past 10 years alone.
We know where the money is going: overseas.
We know how much of it is leaving this country: roughly $700 billion annually.
We know why this country is losing such astounding sums: “free trade”.
It is time to fix the situation and get America back on a path toward growth and prosperity once again. The only way to do this is by pursuing fair trade policies which counteract the decades of unsustainable imbalances brought on through “free trade.” We need policies that can be adapted quickly and that meet the needs of this nation first and foremost.
” ‘We the people’ are the real enemies in the U.S.’ all-out, all-or-nothing global war”
Commentary by Liz Burbank:
As Dennis Kucinich eloquently says here, about the only thing made in America any more is WAR.
Of course we can add the negatives: unemployment, homelessness, insecurity and unresponsive government. If you’re feeling sold out by a neo-liberal cabal intent on serfdom for all in a Global Fiefdom, this may help explain how it all happened:
Hint: repressive policies are not changed by virtuality or Tweets. They are changed by real people standing up and taking it to the streets. We have much we can re-learn from Iran right now, and very little to teach them.
June 17, 2009 “The Providence Journal” — It isn’t quite fair to call Barack Obama a liar. During the campaign he carefully avoided committing to much of anything important that he might have to take back later. For now, I won’t quibble with The St. Petersburg Times’s Obamameter, which so far has the president keeping 30 promises and breaking only six.
And yet, broadly speaking, Obama has been lying on a pretty impressive scale. You just have to get past his grandiloquent rhetoric — usually empty of substance — to get a handle on it. I offer a short, incomplete list, which I’m sure others could easily enlarge.