The full extent of Greenspan's intellectual bankruptcy was on display
yesterday and today with his ridiculous comments about cutting social
security and medicare.
While the national media was merciful, the local papers are all over
Greenspan this morning!
AND, ALAS, POOR DUBYA, HE'S REALLY LOOKING LIKE A LOSER NOW!
It seems that the entire problem boils down to whether or not you
believe that: THE RICH WILL SAVE US!
Greenspan has run the US economy for 20 plus years based on the
notion that the "rich" are the productive class. And, the workers,
ie the "consuming class" are expendable.
SO FAR THE RICH HAVE MERELY "LOOTED" THE ECONOMY AND MOVED ANYTHING
AND EVERYTHING THEY COULD OFF-SHORE, OUT OF THE REACH OF THE US LAWS
AND COURT WRITS.
CAN THE RICH SAVE US? OR, SHOULD WE, AMERICANS, ADOPT A "PAY TO
PLAY" APPROACH TO THE ECONOMY?
CLEARLY, THOSE WHO BENEFIT MOST SHOULD PAY THE MOST TO SUPPORT THE
VERY SYSTEM THAT IN TURN SUPPORTS THEM.
The economy is not a one way street, where the rich merely grab and
run, and everyone else suffers for it. On virtually any scale the
distribution of wealth is dangerously skewed in favor of the rich.
Perhaps in a medievel economy that wouldn't matter, but in a modern
consumer driven economy it matters a lot.
THE BEST MODEL FOR THE US NOW IS CHINA!
Today's WSJ reports that American companies are not allowed to "play"
in the China market UNLESS THEY DIVULGE ALL OF THEIR TECHNOLOGY TO
THEIR CHINESE COUNTERPARTS!
AND THE STUPID AMERICAN CEOs ARE DOING JUST THAT!
Two hundred years from now when none of this really matters anymore,
future historians will be amazed at the voluntary DIFUSION OF
TECHNOLOGY that the US allowed China to get;
FOR ALMOST NOTHING IN RETURN!
CHINA HAS BEEN ALLOWED TO PLAY WITHOUT PAYING FOR ANYTHING IT GETS
FROM THE US!
That, gentle reader, is the real tragedy Americans face today.
STUPIDITY AND HUBRIS AT THE HIGHEST LEVELS HAVE BANKRUPTED THE US
ECONOMY. AND, ONLY NOW ARE THE REAL CONSEQUENCES BEING FELT.
The solution?
Well, there is no easy answer, but first STOP THE BLEEDING!
THE AMERICAN ECONOMY SHOULD BE RUN "AS IF" AMERICANS REALLY MATTERED.
TAXES ON THE RICH AND ON CORPORATIONS MUST BE RAISED VERY CONSIDERABLY.
AND, HIGH TARIFFS IMPOSED ON THOSE WHO SEEK THE GAIN ACCESS TO THE US ECONOMY, WITH CHEAP GOODS, FROM EVEN CHEAPER LABOR.
AND, I MIGHT NOTE THAT TARIFF REVENUE WOULD DO WONDERS IN PAYING FOR NATIONAL HEALTH CARE, AND OTHER NEEDED "FAIRNESS" PROGRAMS!
NATIONAL HEALTH CARE FOR ALL AMERICANS WILL RELIEVE DOMESTIC AMERICAN
COMPANIES OF AN AWSOME BURDEN, THAT FEW GLOBAL COMPETITORS HAVE TO
BEAR SINGLE HANDEDLY.
ENVIROMENTAL AND "LIVING WAGE" LAWS SHOULD BE REQUIRED OF ALL
FOREIGNERS WHO WANT ACCESS TO US MARKETS.
IN SHORT:
DON'T DISCRIMINATE! LEVEL THE PLAYING FIELD SO THAT EVERYONE CAN
COMPETE "AS IF" PEOPLE MATTERED MORE THAN JUST CHEAP GOODS!
EVERYONE KNOWS THAT THE FIRST WORLD ECONOMIES CAN NOT COMPETE ON
PRICE WITH THE BRUTAL THIRD WORLD ECONOMIES. THAT IS THE REAL CAUSE
OF THE PROBLEM ISN'T IT?
WAKE UP AMERICA! FREE TRADE IS KILLING YOU! A RETURN TO SANE AND BALANCED ECONOMICS IS INEVITABLE.
DEMAND FAIR TRADE NOW! IT'S NEVER TOO LATE TO FACE REALITY!
