Tapsearch Com EditorEconomic Malarkey
May 12th 2009 21:51
By Ray Tapajna, Editor and Artist at Tapart News
A Road to nowhere - Free Trade and Globalization needs consumerism in order to survive.
Our economies based on making money on money instead of making things are burning out
A vast middle class is required to keep spending to keep Free Trade alive but in countries like the USA, a vast new working poor class has taken its place. Now all jobs are now affected with a vast new jobless and underemployed population.
In the U.S., President Obaman skips over the problems at the bottom and bails out big money that was making money on money instead of making things. It is like a dog chasing its own tail.
Now we note in letters to editors, people are going at each other about who is overpayed and who is underpaid. Those who want to buy a car, say they do not make enough money to buy a car made my American workers. They say the U.S. union auto workers are making too much. One letter writer says they are buying a Honda because it is a better car and assembled by non-union workers who do not make as much as unions workers do.
Everyone seems to ignore the fact that private sector union industrial workers have virtually vanished years ago with only 15 percent of unions now being industrial workers. The American auto makers had to operate with one hand tied behing their back and had to fire thousands of workers during the past 25 years. More than 400,000 auto workers lost their jobs in the first wave of foreign competition in the late 1980's Just imagine how much these middle class workers could have played a part in supporting a good economy. Henry Ford said a worker has to make enough money to buy the things they make or else the whole economy falls apart.
Several states in the U.S. paid more than 3 billion dollars to foreign auto assemblers to build their plants in their particular states. The state of Indiania paid Honda $160 million dollars to build their assembly plant in their state. It was set up to employ only 4,000 workers who only assemble the cars from components coming from the wage slave workers of the world who can not afford to buy a car themselves. At the same time, about 20,000 auto parts workers in Indiania alone, lost their jobs. Obviously, it is a no win situation.
Reportedly, 70 percent of the U.S. economy is based on consumerism. This requires a vast middle class to sustain an economy like this. Still workers continue to get fired. The money products and the stock market thrive on people getting fired instead of hired. When will Big Money understand they can not survive themselves if consumers do not have any money left to make this kind of an economy survive. The government can not bail out Big Money and the stock market forever.
A Road to nowhere - Free Trade and Globalization needs consumerism in order to survive.
Our economies based on making money on money instead of making things are burning out
Impossible economics course 1
A vast middle class is required to keep spending to keep Free Trade alive but in countries like the USA, a vast new working poor class has taken its place. Now all jobs are now affected with a vast new jobless and underemployed population.
In the U.S., President Obaman skips over the problems at the bottom and bails out big money that was making money on money instead of making things. It is like a dog chasing its own tail.
Now we note in letters to editors, people are going at each other about who is overpayed and who is underpaid. Those who want to buy a car, say they do not make enough money to buy a car made my American workers. They say the U.S. union auto workers are making too much. One letter writer says they are buying a Honda because it is a better car and assembled by non-union workers who do not make as much as unions workers do.
Everyone seems to ignore the fact that private sector union industrial workers have virtually vanished years ago with only 15 percent of unions now being industrial workers. The American auto makers had to operate with one hand tied behing their back and had to fire thousands of workers during the past 25 years. More than 400,000 auto workers lost their jobs in the first wave of foreign competition in the late 1980's Just imagine how much these middle class workers could have played a part in supporting a good economy. Henry Ford said a worker has to make enough money to buy the things they make or else the whole economy falls apart.
Several states in the U.S. paid more than 3 billion dollars to foreign auto assemblers to build their plants in their particular states. The state of Indiania paid Honda $160 million dollars to build their assembly plant in their state. It was set up to employ only 4,000 workers who only assemble the cars from components coming from the wage slave workers of the world who can not afford to buy a car themselves. At the same time, about 20,000 auto parts workers in Indiania alone, lost their jobs. Obviously, it is a no win situation.
Reportedly, 70 percent of the U.S. economy is based on consumerism. This requires a vast middle class to sustain an economy like this. Still workers continue to get fired. The money products and the stock market thrive on people getting fired instead of hired. When will Big Money understand they can not survive themselves if consumers do not have any money left to make this kind of an economy survive. The government can not bail out Big Money and the stock market forever.
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