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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: maceng2 who wrote (18985)12/19/2004 10:23:00 PM
From: Sidney Reilly  Read Replies (2) of 116555
 
just my view. Sorry to be downbeat on our useless incompetent government, and our crappy overspending economy, but thats how I see things. -g-

Hi Pearly, I am just wondering if our government is "incompetent" is the best description for what is happening. I believe that the economic war being waged against the middle class in America is political in nature. There is a group of global elites who want to control everything financial and they nearly do. But they have kept running into the American middle class who's political power is great and that being because of their wealth. The relentless moving of jobs offshore is breaking the financial backs of the middle class and when they slip down the food chain into near poverty they also become politically irrelevant. Since Reagan unions have become basically irrelevant having no bargaining power. Reagan was very anti-union. And the bonding of big business and government in the last 30 years has created a new dynamic and we the little people are the losers. You can't strike if the company will just move operations offshore. The middle class is broken and this was done by the financial elites who didn't want any opposition from the American middle class. They have done this through government as well as on their own. So it has been no accident. It has always been by design and to weaken labor in the US. This is a global economic trend. There is too much labor worldwide and big business will always have the bargaining advantage from now to eternity. This is the answer by business management to all the labor strikes of the past. Labor unions were born and also dies in the 20th century. A small blip in the centuries of exploitation of labor by the rich.
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