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The World's News - Journey through the fields of broken dreams in the global economic arena

World has lost its common sense

October 14th 2009 21:00
This relates to recent post at Bizarre Politics about the economic lie of the century following the scam of the century - free trade.

The above links tells about our new kind of Capitalism with the term underemployment losing its meaning as the employment rate counts $100 a month workers as employed.

In the news, we read about the surge in car production in China but it leaves out the part how government stimulus packages are part of the deals and an economy not based on real world economics of making or growing something where both owners and users make a sufficient margin to enjoy a living wage and to keep the cycle repeating itself in a real world setting

In a small town in Georgia, USA, the towns people put up a banner saying Thank you Jesus for KIA KIA has build a new assembly plant in the town after receiving $160 million dollars from the state to build the plant there. On top of this KIA is subsidized in part by the Korea government. Taxpayers in both countries pay for the deals.

The state of Indiana paid Honda $160 million to build their assembly plant in their state. It employs only 5,000 workers at most. A the same time, 20,000 auto parts workers lost their jobs with the parts now coming from the underclass workers of the world. The Mayor of our city purchased Hondas and they come directly from Japan while our local value added economy that once paid living wages is fading away with nothing left to take its place.

We read about a global surge in steel manufacturing in a frame of reference where it supposedly affects our local economy. It brings back 150 workers locally to be a part of the surge in a region that was employed about 40,000 steel worker with related value added industries surrounding the region with many industries employing about 5,000 workers each.

In the same news paper, a report tells us how the U.S. federal stimulus plan has created or sustained about 18,000 jobs in Ohio. However, the largest jobs are in education that takes taxpayers with jobs to sustain the education jobs for the long term.

On the editorial page we are told about the Downward mobility for young?, but it does not make a real connection with the lost of basic living wage jobs to support the whole.
Instead it tells about higher health costs, increasing energy prices and all the other things on the spending side. The article does very little in describing what went wrong. We can not fix much of anything until we get to the core of what it takes to pay for everything.

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Comment by Janet Collins

October 15th 2009 06:50
I wholeheartedly agree with you. Similar things have happened here in Australia where Australians compete with imported goods that are largely subsidised by foreign governments. It's a problem all right.

Comment by Wilson Pon

October 15th 2009 09:55
Honestly, many economists said it would getting better, but the fact is it getting worse and worse each day!

Comment by Tapsearch Com Editor

October 15th 2009 15:02
In the USA, we have so called Free Market peope who still talk as if the Free Market still exists. We are now manipulated by big government merging with big money.
The stock market , other financial communities and big transnational corporations have been bailed out. The very same people who have caused our global economic crisis are being bailed out and put back into the control of things. We have big government married to big money with big government acts as a broker and deal maker under any kind of "ism" - Capitalism, Communism, Socialism are all one in the process.

The real free enterprise system has been ransacked. Local value added economies that added value in several stages from the raw product level up to the final end user or retail level have been broken away from each other. Only local value added economies in balanced geopolitical regional settings work.
The value of work and labor has been deflated to a point where nothing makes any common sense. The value of work and labor is a better money standard than paper money that requires all kinds of manipulations to add values to printed paper and call it money.

Comment by Tapsearch Com Editor

February 25th 2010 16:45
Thanks asus laptops - Logical Blue One Com ,

We visited your Lap Top Specials webpage and welcome others to do the same.

I have a 40 year history in computers here in the U.S. and sold many brands and my own Arkline Computers. I was part of every computer generation from unit record equipment, mainframes and micro computers.

About a 1,000 systems houses and resellers like myself went out of business in just a tri-state region of Ohio, Pennsylvania and Michigan in the U.S. in recent years.

We also supplied diagnostic and calibration devices worldwide too. I invite all to visit Your Australian Laptop Specialist webpage for laptops above.
I noted that your telephone number is at the site.

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