If corporations are engaging in a "capital strike"

[Zalatix]

76. Now it's you who need to learn to read.

Last edited Mon Jul 16, 2012, 11:48 AM - Edit history (1)

The article did not say "what might happen vs. what has actually happened and why." It says that things look okay IN THE SHORT RUN, but go badly in the LONG RUN, when you do too much offshoring, a line we've crossed long ago.

The second article is by the Federal Reserve Bank of San Francisco. I believe their credibility exceeds yours. And your claim that this growth would not have existed without cheap junk? And cheap money? Hello, this was all PHONY growth - the consumer spending you speak of was heavily based on exploding consumer debt. You mean to tell me that you deny this? You can't be that unaware of the facts. Seriously, you think rising consumer debt wasn't a huge part of our so-called growth in the last 10 years?

Edited to add: I also notice that you failed to address my totally valid and logical point that in order for Americans to keep having access to the cheap goods that you talked about here, foreign workers' wages must remain low. Thus you are also responsible for DEFENDING the impoverishment of other nations. I see you had nothing to say about the US Government fighting against better wages for Haitian garment workers. I wonder why you bypassed that.

Obviously what you continue to fail to understand is that the problem isn't globalization, it is the race to the bottom that is the problem. America is going to become roadkill because we are bleeding jobs, while other nations (see: China and Mexico) are not. No country can continue to sustain trade deficits like we do, nor can they continue to bleed jobs like we do. You do not deny that we are replacing millions of high-paying manufacturing jobs with mostly low-paying service jobs and a smattering of high-paying jobs. You claim that America cannot survive without globalization - but we cannot survive by continuing to replace high paying jobs with mostly unemployment or low-paying crap. You can't address this. This destroys your argument.

And those of us who are calling for revolution are in fact not doing so from any basement. We're out in the streets with Occupy Wall Street while the free traders are doing the free and unpaid work of Bain Capital and the US Chamber of Commerce. Most of them are hiding now because America is not tolerating this bullshit anymore.

The revolution is happening right now. Look at Obama is doing to Mitt Romney. Look what we did to Ralph Lauren. It's happening and it's spreading. The people who agree with offshoring are being driven underground. Nobody ever gets out now and touts their record of sending jobs overseas. That hurts.