PAT BUCHANAN: left of a lot of Democrats in Congress on labor and trade

[yurbud]

I'm no fan of Buchanan on race and immigration issues, which makes it all the more ironic that he is consistently to the left of too many Democrats on international labor and trade.

What is good for Wall Street is no longer good for Main Street, but you wouldn't know it from what you hear from most in Washington from both parties.

"Not paying a just wage ... focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!"

***

Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago, had almost none?

Because the Asian subcontinent is where Western brands — from Disney to Gap to Benetton — can produce cheapest. They can do so because women and children will work for $1.50 a day crammed into factories that are rickety firetraps, where health and safety regulations are nonexistent.

This is what capitalism, devoid of a conscience, will produce.

http://news.yahoo.com/pope-godless-capitalism-070000572.html

[marmar]

1. A great many Dems have swallowed the neoliberal Koolaid.

nt

[yurbud]

2. a great many would swallow anything for a big enough payday

[Klukie]

3. When I saw this, I was immediately reminded of this great article...

The Dark Age of Money
by JAMES C. KENNEDY
If you often wonder why ‘free market capitalism’ feels like it is failing despite universal assurances from economists and political pundits that it is working as intended, your intuition is correct. Free market capitalism has become a thing of the past. In truth free market capitalism has been replaced by something that is truly anti-free market and anti-capitalistic. The diversion operates in plain sight.

Beginning sometime around 1970 the U.S. and most of the ‘free world’ have diverged from traditional “free market capitalism” to something different. Today the U.S. and much of the world’s economies are operating under what I call Monetary Fascism: a system where financial interests control the State for the advancement of the financial class. This is markedly different from traditional Fascism: a system where State and industry work together for the advancement of the State.

Monetary Fascism was created and propagated through the Chicago School of Economics. Milton Friedman’s collective works constitute the foundation of Monetary Fascism. Knowing that the term ’Fascism’ was universally unpopular; Friedman and the Chicago School of Economics masquerade these works as ‘Capitalism’ and ’Free Market’ economics.

The foundation of Friedman’s corrupting principle is that the investor (money to be more precise) has no duty, obligation or covenant to anyone or anything. Friedman’s ‘Market’ is not subject to ‘any’ human standard of morality, political limitations or national interests. Money is free to act without bounds or conventions. Nothing is prohibited as long as the market can provide a “clearing price”.

http://www.counterpunch.org/2012/10/24/the-dark-age-of-money/

[yurbud]

4. Milton Friedman is the Pol Pot of economics

and we're living in his killing fields.

[Yooperman]

5. Wow...

We really don't have a chance do we?

There is NO WAY the average citizen can understand what is happening yet alone a lowly republican who has it in their brain "capitalism" is a divine gift from God himself.

Ignorance is bliss....

Thanks for posting this .... I think.

YM