Tapsearch Com EditorEconomy in unchartered waters
February 9th 2011 02:26
The journey in the lost worlds of the globalist free trade world continues at Ray Tapajna Chronicles
The Bewildered New World in unchartered waters
Our economy is now a ship in unchartered waters. It is obvious a consumer society living off imports instead of producing the goods domestically is not working. The free trader money changers tried to make it work by introducing new ways of adding value to money and subsituting money products for hard goods has failed.
An economy must have levels of added value from raw product to production to the final consumption or else a society must look outside itself for an endless supply of cheaper labor. As this happens, consumers keep shopping their way out of their jobs as one domestic enterprise after another falls to foreign competition. As water seeks its lowest level, a consumer society starts feeding on itself. The cost of labor has to match up with the cost of goods and if the bottom line is twenty to fourty cents an hour for workers in far away places, the process boomerangs back to consumers as workers who make more than that. Those who make more than that eventually have to make less to compete in a global economic arena where the bottom line in labor costs rule the process.
As we are seeing today, more and more workers are losing their higher paying and even their minimum wage jobs. Consumers are not only consumers, they are workers too. Lower prices offer less and less in added value and income value and more jobs are lost.
It is nice to have a computer for everyone to enjoy but its economic value to make a living in computers shrink as a whole high technology market produces a computer by impoverished workers in other parts of the world.
The free trader money changers brought us new theories in economics using money as a product. However, money is only one half of any transaction. It can not be the whole transaction. Money is just a way to transact business where products are made or grown. Production guides the whole process. And when production is divorced from investments, it just hangs in some form of suspension in the sky with no foundation to hold it up.
The free trader led us to think that some sort of global village could support us all but we find that the geopolitical factors of a variety of living standards drives everything down to the lowest level. And that bottom line is wage slave and even child labor. Money products may work for awhile but in the end the value of workers and labor govern the final process.
Workers in the more prosperous nations are not willing to have their wages average out with the bottom line being impoverished wages.
See also Arklineart Project Alerts
The Bewildered New World in unchartered waters
This was first published in 1994 and it still applys today in the Bewildered New World in unchartered waters
Our economy is now a ship in unchartered waters. It is obvious a consumer society living off imports instead of producing the goods domestically is not working. The free trader money changers tried to make it work by introducing new ways of adding value to money and subsituting money products for hard goods has failed.
An economy must have levels of added value from raw product to production to the final consumption or else a society must look outside itself for an endless supply of cheaper labor. As this happens, consumers keep shopping their way out of their jobs as one domestic enterprise after another falls to foreign competition. As water seeks its lowest level, a consumer society starts feeding on itself. The cost of labor has to match up with the cost of goods and if the bottom line is twenty to fourty cents an hour for workers in far away places, the process boomerangs back to consumers as workers who make more than that. Those who make more than that eventually have to make less to compete in a global economic arena where the bottom line in labor costs rule the process.
As we are seeing today, more and more workers are losing their higher paying and even their minimum wage jobs. Consumers are not only consumers, they are workers too. Lower prices offer less and less in added value and income value and more jobs are lost.
It is nice to have a computer for everyone to enjoy but its economic value to make a living in computers shrink as a whole high technology market produces a computer by impoverished workers in other parts of the world.
The free trader money changers brought us new theories in economics using money as a product. However, money is only one half of any transaction. It can not be the whole transaction. Money is just a way to transact business where products are made or grown. Production guides the whole process. And when production is divorced from investments, it just hangs in some form of suspension in the sky with no foundation to hold it up.
The free trader led us to think that some sort of global village could support us all but we find that the geopolitical factors of a variety of living standards drives everything down to the lowest level. And that bottom line is wage slave and even child labor. Money products may work for awhile but in the end the value of workers and labor govern the final process.
Workers in the more prosperous nations are not willing to have their wages average out with the bottom line being impoverished wages.
See also Arklineart Project Alerts
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