Author: abcfirst

Globalism Has Reached Its Point of Diminishing Returns [Copy link] 中文

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Post time 2016-11-21 12:05:01 |Display all floors
Globalization has its good points, but after 25 years, its damaging effect on the middle class (the workers in countries that have succeeded in the first round of globalization, whose wages are now higher than those in less prosperous countries) is all too evident in America, then Japan, and soon, in China whose growth is slowing down and whose unemployment rate is rising.  The solution is that each country must institute its selective protective tariffs.  This has its drawbacks too.  It prevents the poorest countries from catching up with the richer countries, especially in lifting its poorest workers out of poverty, at the expense of the middle class workers of richer countries, who demand higher wages than they.  But should the middle class of one country always be the ones to pay for the upliftment of the lower class of another country, or should the upper class of every country raise the wages of their poorer classes, and use that consumption demand to drive trade, instead of using their lower wages to drive trade, as is currently the case?  One way to force the employers and governments to raise wages is to impose tariffs on foreign imports.  Local manufacturers have to bring back their factories from lower wage countries, and the jobs with them, at higher pay than abroad.  This solution should not be taken to the extreme, but limited to the goods and services that the populace of a nation can produce, and remain unfettered for goods that it cannot produce.

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Post time 2016-11-24 03:17:07 |Display all floors
This post was edited by Ted180 at 2016-11-23 14:18

Basically-faulty analysis. The imposition of tariffs (and other trade barriers other than those to prevent the importation of dangerously low-quality goods) is simply a roundabout sales tax imposed on consumers (and hardest on the poorer ones who must spend all their incomes on subsistence). All this does is protect both the capitalists and the workers of inefficient firms. Furthermore, there is a middle class of salaried professionals that benefits from the global economy. It is true that the CURRENT type of globalism benefits the capitalists excessively and makes inadequate provisions for the workers. However, the rules can be changed to help the workers. Refuge in separate national economies is the refuge of local elites who preserve their unjust privileges by preaching "patriotism" to their ignorant local victims. Only the type of global worker solidarity advocated by Karl Marx will bring a better world. And this can be modernized to include the middle-classes and pursue victory through non-violent democratic politics. All power to the majority - proletariat plus burgeoisie!
My problem is simple: I just know better than everyone-else!

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Post time 2016-11-24 22:48:05 |Display all floors
Fundamentally flawed critique, which merely restates the Globalist creed, which will lead as surely as it had in America, in the demise of the middle class of every nation, including the countries whose lower class has been elevated out of poverty.  As their wages rise, their employability, and their jobs will decline.  They cannot rejoice that they have escaped poverty, thinking they will keep rising up in society and in income, because once they get their heads above water, globalism will take away their jobs and give them to even poorer countries, keeping them above starvation but below middle class security.  The end result is a global mass of peasants who can never aspire to nobility except by its largesse or by marriage.  Feudalism is globalism, as Carroll Quigley correctly analyzed it in the 1960's, to a tee.

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