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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (25292)12/7/2009 8:47:31 PM
From: axial3 Recommendations  Read Replies (1) of 71456
 
C2, globalization is a rolling wave. It attacks one country after another, where workers and legislators actually compete for the work - and in the process, get lower wages and benefits, while the host jurisdictions offer incentives and tax breaks.

In the end, everyone gets cheaper shirts, computers and other goods, but the working class that originally made the products can no longer afford them.

So we all get cheap shirts, and only a few have a job at which they can be worn. Are cheap goods worth the cost?

Globalization has been a giant sucker play. The wave will never stop until the middle class has been wiped out worldwide, and "working people" everywhere are corporate serfs.

That is precisely what labor has been predicting for 20-odd years. But it's not just happening to labor: it's gutted the ranks of management and industry, too. The fiction is that globalization brings benefits to everyone: so it does, in terms of product cost. In terms of viable economies? Not.

It wasn't so long ago that news emerged: India is now outsourcing software development to Mexico. So the wave rolls on. One country after another - with its desperate workers - seeks to outperform the next in the name of corporate profitability, while corporate interests bankrupt national and public interests.

Jim
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