The World Bank would not lend to the US with its balance sheet. It is in this context that “free trade” and “open markets” exist. If it makes their money worthless, so likewise it makes our money worthless. We're going to look around and see a few airplanes and some agriculture, and realize that in the process we have exported our industry and we have no goods. Someday they are going to come to us and want to finish the exchange, giving us the money they have collected and getting our goods. We have been trading our money for their goods. We have not been trading goods for goods through the medium of money. For more than two decades, America has run massive trade deficits.
In the background of it all is a trade regime that does not work. Nations which are not plantation economies have an organization around farming that ought to be encouraged, not destroyed by flooding their markets with the products of American industrial farms. It ends up as a beggar-thy-neighbor race to the bottom.Ī very little investment in roads and schools could generate a very great return in the capacity of these countries, providing their basic institutions are not corrupt. The development model promulgated by the corporate elite, with its henchmen the World Bank and the International Monetary Fund, is built on setting up little industries and competing with other countries on the basis of cheap labor. It will only get worse as clean air and clean water become commodities that they cannot afford. While the rest of the world develops, dozens of countries and a billion people fall further and further into desperate conditions. What used to be called the Third World is not doing well. And in some real sense we are going to import the products of those countries or we are going to import their people. Most people would stay in their native countries were it not for persecution or abject poverty.
Increasing the demand for labor in the places that need building would be another option. But the option of reducing this labor's influx does not exist in the real world. Other progressives, particularly in labor, agree.
Thom Hartmann makes the point repeatedly that corporations encourage illegal immigration from the callous calculation that increasing the supply of labor drives down the price.
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The question is not how to keep them out, the real question is, Why don't they stay home? Whether they are categorized as illegals or guest workers, they will pull the market price down for unskilled and semi-skilled labor. No matter what their status under the law, immigrants are going to come and they are going to stay, so long as their lives are better here than back home. Illegal immigration is an economic problem, not a legal one. I put it up against all the soundtracks and I liked this one the best. That particular combination of the video and music provided by Chevy with biting commentary is just amazing. They probably have no idea what they have unleashed.ĭozens upon dozens of other satirical spoofs are now being created by imaginative progressives, but none that I've seen have yet topped the beauty of this first one ( if you want more, here's some good ones). See what I mean - follow this URL to see the commercial ON Chevy's website! (Macromedia Flash player required).Ĭhevy launched the website as part of their big promotional for "The Apprentice", Donald Trump's "reality" show, which is currently in its fifth season. Via Kos and Democratic Underground, we learn that someone with a brilliant sense of humor has taken advantage of the Chevy Apprentice website to create a car commercial that finally speaks truth to power.
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