Rusty Messages: 1325 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
Neoliberalism and a healthy population are incompatible. It's true. All countries following the neoliberal doctrine, the G7 are having issues now. Margaret Thatcher's quote from the 80's, "There is no alternative" echo's still throughout these country's as their quality of life is structured by the gulf between those in the top tiers to those floundering heavily towards the bottom.
The main aspect of decline is attributable to the abandonment of industry and manufacturing to the financialization of the economy leading to privatizing key sectors of society once subsidized by government to make the cost of living low to benefit competitiveness of both industry and manufacturing.
Financialization leads to predatory and parasitic economic activity at the expense of the working class. Monopolization erodes innovation and competition.
Society becomes polarized and government reflects that by being ineffective and stuck in stalemate through influences of wealth maintaining the avenues to campaign finance.
This new administration is attempting to forcing other members of the neoliberal collective into abiding to our hegemony of dominance through tariffs while carrying out a continued foreign policy based on creating foes in the world that require the need of controlling through our dollar world currency advantage with sanctioning and through the military complex as the last vestige of heavy industry kept intact. Though the most expensive and recently realized no more effective to other military's in the world.
None of this is effective or beneficial for long term stability. But merely a function of the same outcome with what the neoliberal doctrine has brought forth. The concentration of wealth throughout human history has always led to unrest and dysfunction of societies. It has to be held in check for its unhealthy excesses We all share this world together so we have to cooperate and share resources for the best advantage for all. No one country has a right to determine the outcome of how that can be managed.
Rusty Messages: 1325 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
Who carries the economy now? The rich! At no other time since record keeping for such a metric. The richest 10% account for 49.7% of consumer spending. People 250K and above.
The inevitable outcome of neoliberalism. Hollowing out the middle class, tax breaks for the wealthy and shouldered by the 90%. Social services eroded. Stagnated income levels.
Purchasing power by the lower 90% has been halved since 1968. More income now is used for debt servicing than consumerism. That's now taken up by the upper 10%. Who have the luxury of investment and realize greater unearned income from it.
We all inherently feel this degradation. Most though don't know why. It just the lay of the land. Maybe Trump's hacking away at federal agencies will filter down to us eh? Not! Maybe his tariffs will inspire manufacturing again. Don't hold yer breath. But, there's good jobs in the defense industry. If you're a lucky working stiff. Our last vestige of industry. That our near one trillion defense bill pays for. Why is it called the Department of Defense when it's used offensively? All over this world.
Bill Mitchell, the principal author of the Modern Monetary Workbook explains it well for we lay people.
Rusty Messages: 1325 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
Your trusty troll down here in the dungeon. I've gathered in a bit from all the hoopla of the biggest show on earth. The Trump show. Number one is that the figuring done for the reciprocal trade tariffs is totally skewed out of proportion to the true trade numbers. That Trump is using this to cut his famously wacked out "Deals" with countries.
And that he's doing this in part to pare down the trade imbalances that have led to our huge deficit.
So, this stunt will essentially put this all on the back of consumers and small businesses that can ill afford meeting yet more costs to our bottom line. Our living standard!
The likelihood of creating manufacturing and industry to be jumpstarted again is the old putting lipstick on a pig scenario. That takes years and capital and risk and what government is going to roll the dice to set up factories here when the tides of change with this president change almost hourly.
This is the basic mentality of our financial short term thinking. Which coincides with our 4 year political terms of the executive branch. Whatever it takes to make appearances of progress. Rather than a comprehensive broad goal oriented long term commitment.
Meanwhile talks with Russia on Ukraine stall due to our neocon planners wanting concessions with the Russians that they sure as hell won't give. And shouldn't. They want the west to own up to their part in this stupid mess they instigated.
And of course Gaza. The cruel sad reckoning of innocent people like the "Trail of Tears" of the American Indians.
It can be said that all our country does in this world is foment chaos and disdain for human life.
Rusty Messages: 1325 Registered: May 2018 Location: Kansas City Missouri
Illuminati (3rd Degree)
A historical perspective on tariffs and income taxation. No other economist delves as deeply into history to show what went around comes around and the folly of wealth influencing our lives when they take control of government.
Trump’s tariffs hurt the US much more than China – Economist Michael Hudson explains:
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