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Globalism, End Of Socialism Causes Of Jobless Recovery
INVESTOR'S BUSINESS DAILY ^ | Friday, August 30, 2002 | BY PAUL CRAIG ROBERTS

Posted on 08/29/2002 9:56:06 PM PDT by sixmil

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To: RLK
Economic collapse here would be a cause for celebration by the radical left.

Considering all they've done for the economy, and society, over the last 60 years, I'll have to concede that point.

Re the severe depression: I suspected we were headed that direction (by design) prior to the last election. That the GOP pretends all the pertinent factors are irrelevant, hardly absolves them of guilt. It's gonna be a mess.

From what I've heard, there was enough moral fiber and social cohesion to carry the country through the Great Depression. Imagine how the prevailing values today, and the diversity, will affect individual and group behavior in a prolonged slump.

21 posted on 08/30/2002 12:10:47 AM PDT by meadsjn
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To: operation clinton cleanup
If you dont have a job, inflation might as well be 1,000%

-------------------

Great! I wish I had said that.

22 posted on 08/30/2002 1:05:44 AM PDT by RLK
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To: meadsjn
Psssst ... don't tell anyone, but we wouldn't be capable of replacing much of anything our military uses except those stupid black Army Berets, which finally got (re)sourced back here in the USA from China, and only then because the troops virtually threatened rebellion.
23 posted on 08/30/2002 1:56:44 AM PDT by CIBvet
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To: sixmil
The greedy short-term/sighted Glo-baloneyists have just about succeeded in firing their customers.

Chuck Harder has been preaching about this Free Trade fiasco since well before NAFTA(1993).

It's hard for me not to see it all as a deliberate maneuver to suck the equity out of America.

24 posted on 08/30/2002 2:15:52 AM PDT by CIBvet
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To: Dialup Llama
I have been buying at the Marts, Wal and K, for years and have had no indication or experience with inferior goods. I am much happier buying a shirt for $9 at K-Mart than I am paying $45 for a shirt a some fancy Dept. store. That leaves me with $36 of discretionary income that I can spend on other items that I might desire.
25 posted on 08/30/2002 2:21:44 AM PDT by Lightnin
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To: RLK
The eventual result will be a turn to Marxism

We're well along that road already. It began with things like affirmative action and diversity dependent hiring. Job candidates were no longer chosen because of their previously demonstrated abilities, but because of skin color, gender, handicap, sexual behavior or some other state-mandated trait. Competition in the marketplace was abandoned for centrally state-mandated hiring. Schools and universities stopped teaching skills because skills were no longer needed.

26 posted on 08/30/2002 2:26:15 AM PDT by Lion's Cub
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To: CIBvet
It's hard for me not to see it all as a deliberate maneuver to suck the equity out of America.

That's exactly what it is.

27 posted on 08/30/2002 2:32:22 AM PDT by Lion's Cub
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To: Lightnin
Let me give you a comparison:

Brooks Brothers white, button-down, oxford cloth shirt made in Thailand $ 59.50

Paul Stuart white, button-down, oxford cloth shirt made in the USA $ 59.50.

I don't see much of a savings here.

28 posted on 08/30/2002 2:48:23 AM PDT by sarcasm
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To: sixmil
BTTT

29 posted on 08/30/2002 4:58:46 AM PDT by SR71A
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To: meadsjn
From what I've heard, there was enough moral fiber and social cohesion to carry the country through the Great Depression.

-------------------------------------

When the depression began, most of the American adult population was born in the 1800s and was accustomed to difficulty. Contempory people consider it an unendurable hardship if the bag in their instant microwave dinner breaks.

30 posted on 08/30/2002 9:57:28 AM PDT by RLK
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To: Lion's Cub
The Globaloney Elites HATE middle class America. They decided many years ago that we've had it 'too damn good, for too damn long'.

Instead of raising all boats around the world overall, they envision higher personal profits, by lowering the wealthy USA boat 15ft while lifting the 3rd World boat by 15 inches, all through the transfer of decent paying, living wage jobs in the U.S. to desperate 3rd World countries where slave/prison/child labor is not a problem.

The difference goes straight into their pockets.

The Free Trade scheme has always been the key!

This had to be initiated ever so carefully, to avoid early detection and overall disclosure to the lower class masses who have been the first to suffer during the initial stages.

Of course with the major media-whores under firm control, (they actually believe they're part of the Protected Class) the biggest concern are media wildcards like Buchanan, Nader ... the Chuck Harder types who of course can (and have been) successfully dealt with through constant demonization, vilification, name-calling in the press and/or IRS audits that go on and on for years.

31 posted on 08/30/2002 10:26:45 AM PDT by CIBvet
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To: sixmil
The advent of globalism means that capital and technology are mobile. Mobile capital and management seek low-cost skilled labor, and have found it in China. A long list of American high-tech companies have relocated manufacturing, engineering, research and development jobs to China.

Mr. Roberts forgot to mention India and Russia. The H1-B program is another assault on U.S. engineers and wages as our corrupt political class does the bidding of their corporate sponsors.

32 posted on 08/30/2002 10:43:52 AM PDT by UnBlinkingEye
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To: CIBvet
Paul Craig Roberts was assistant secretary of the Treasury for President Reagan.

It is an amazing thing to hear a (former) government official speak the truth.

33 posted on 08/30/2002 5:18:58 PM PDT by UnBlinkingEye
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To: UnBlinkingEye
I'll admit I was shocked at the honesty.

Hope Mr.Roberts has a hobby he enjoys, since I'm bettin he will find himself persona non grata on the cocktail circuit around D.C.

34 posted on 08/30/2002 10:36:01 PM PDT by CIBvet
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