I could present an essay about trade war, about history
and about China. I could draw up graphs and make reasoned arguments but what I
cannot answer is why I am making this effort. Why wasn't this story #1 when it
happened in 94? Was that the time that the baby fell down the well or the
whales got stuck in the ice ? Our fourth estate failed us and why did
successive regimes ... sorry ... Administrations pursue an unwavering
policy that supported the interests of China resulting in the
de-industrialization of the USA and reduced us to a condition of a failed state.
Of course the important thing to notice is that
overall manufacturing employment collapses as the hyper exploitation collapsed
demand and the unavoidable credit bubble collapsed. Classical economics has no
way out of this degeneration. As a result of globalization people are living
shorter, poorer and sicker lives deprived of the benefits of increased
productivity through social production. And the best part is that they are
deprived of the education that might enable them to conceptualize what they are
being deprived of.
Just watch this. it is short.
Ted
3 comments:
I have followed the bears for years. Much wisdom. None of which is understood or cared about by the sheeple.
Unfortunately Kardashian rules the day.
The masquerade will soon end.
I imagine, besides the vast amount of Pacific Northwest sourced agricultural and timber products the Chinese already buy from us, that China will be an eager and willing customer in the coming industry of shipping natural gas to the western Pacific markets from our Northwest ports . . .
And more logically from a direct source point...British Columbia.
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