[quote]jsbrook wrote:
[quote]Charlemagne wrote:
This will continue to be a growing trend, as it should be, and not for any racial reasons but because globalism as a system is a complete and utter failure. Countries had self sustaining economies for hundreds of years but with the advent of globalization it was suddenly deemed ok to let millions of cheap labor workers into your country so that the rich could exploit them.
And let’s not beat around the bush, the rich do want the cheap labor and could give a shit about the native population. And the rich are the ones who have benefited, not the middle class.
[/quote]
The middle class benefits by cheaper prices for consumer goods. Query whether it’s worth it, though. I don’t think it is especially when unemployment is high. People say Americans wouldn’t do the jobs immigrant workers do. But they would if they didn’t pay a slave wage. And if they wouldn’t, they have no right to be on welfare. Of coure, if wages go up, prices go up.[/quote]
Much like the drugs the pharmaceutical giants continue to push on people, the cheaper prices on goods are merely a temporary high, a band-aid, a cover up of the symptoms while ignoring the root cause of the problem.
Sure, some people will benefit initially. Shipping our industry overseas, having goods produced at slave labor wages and then shipping them back to the home country will initially lessen the cost of the product while simultaneously increasing profit. The problem, and very big one, happens when the country the industry was initially shipped out of, begins to see the effects of poor economic decisions.
There is one immutable fact that many people failed to see…if you don’t produce anything then you don’t have an economy. This has been particularly lost on (perhaps it is willful ignorance?) the governing elites and many of the so called economic experts.
America doesn’t even produce the level of education that it was once renowned for. China and India are producing engineers at 10 times the rate America is. That and many of the engineers in our universities are from these very countries. And as for the many kids that do go to college, they end up getting degrees in such lauded fields as…Religious studies, Art History, Women’s Studies, Philosophy. 
And by the way, what are most of the cheap goods that Americans get? A bunch of cheap, toxic, worthless crap produced in China and sold in Walmart.
Globalization has been the death knell of the American middle class, unions (private not public…different story), and the country as a whole. If America wants to reclaim its greatness it would do well to end most of its free trade agreements, reinstate Glass Steagall and the Sherman Anti-trust Laws, and clamp down on the Financial Gangs on Wall Street that are picking the country clean.
The take home point should be this: Why is Germany still a productive and vibrant economy while Americas wastes away? The Germans still produce things. Things of quality, things that you know if buy them are going to work, work well, and work for a long time. What does America have? Derivatives, flash trading, collaterized debt obligations.