The total collapse of the west is inevitable if the issue of cheap labor in Asia is not dealt with...
Some economics genius needs to come up with a way to show that cheap labor and globalism...as advocated by International Corporations and Global Capital...IS SUSTAINABLE FOR THE WEST...Because if it is not... they WE HAVE A PROBLEM...
THAT IS ALL WE WANT...SOME WAY TO JUSTIFY IT AS SUSTAINABLE...
AMERICA "SOLVED" THIS ISSUE BY THE BUBBLE ECONOMY...EUROLAND USED THE WELFARE STATE... NEITHER WERE PERMANENT SOLUTIONS...
The Dollar has not collapsed YET...but it is getting close...STIMULUS FOREVER IS NOT A SUSTAINABLE POLICY...
EVEN IF IT IS BUILDING UP CHINA AT A HUGE PACE...!
The usual arguments...that we in the west are all going to write best selling novels...while the Chinese "make our stuff" is just not credible...
And Obama's. ..."Green Jobs of the Future" is equally nonsense...China is ALREADY making the world's solar panels...!
Likely it is Free Trade...that will be scraped...
In the past GREAT WARS acted like a 'tariff' on international trade...which allowed domestic industries to survive... Not to mention the destruction of "capacity" in large parts of the world
Actually the "Cold War" was the last of these...after 1989...International Capital became embolded...there was nothing standing in its way...
TODAY LABOR IS IN A DEATH SPIRAL... AND THAT WILL BE SOLVED BY SOMEONE...
BUT IT WON'T BE BY THE STARVATION JOBS AND SLAVE WAGES THAT THE CRACKPOT RIGHT WANTS...
