Archive for January 18th, 2013

That Overbloated Military Budget

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Free Trade Killed Kenya

Neoliberalism or liberalism is another word for free trade. It’s an word that has been resurrected. Think about that when you watch the video below.

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Free trade is a failed economic policy. Just look at your nation. After thirty years of free trade policies, unemployment is high because tens of millions of jobs have been shipped overseas. The 1 percent have stolen an increasing share of the total national income via free trade treaties, up from 8 percent in 1980 to a little over 30 percent today. That means the 99 percent have less money to burn, ensuring that demand for goods and services is weak, and that fewer jobs are being created than thirty-two years ago, when the Gross Domestic Product and the national population were about 60 percent the size of today. Shared prosperity has not been accomplished because the free trade policy was an income redistribution scam that has been backed by useful idiots of the 1 percent, such as Wall Street Senator Ron Wyden.

Despite the overwhelming evidence to the contrary, Wyden wants us to believe that free trade has been good for the nation. No it hasn’t, but it has been good the 1 percent of the population that he represents.

The super rich are getting richer while the rest of us are being financially pushed down. Part of the problem is free trade. The super rich benefit the most from the biggest welfare program of them; free trade. Those treaties open up foreign nations for US corporations to ship jobs there, or to create them there, when otherwise they could not. The difference between the old, higher, US wages and the new, lower wages goes into the pockets of the super rich via higher corporate earnings, rising share prices and surging dividends.

Those treaties have allowed corporations to ship our tax base overseas, and redistributed those taxes into the pockets of the rich. That’s why our schools are jammed packed and in disrepair. That’s why our government services cost more, with fees to enter parks, rising car and title registration, etc….

In the UK, some folks have figured out the free trade scam. One can only assume that Wyden has been paid by Wall Street to lie to us. According to the UK, “…staring dumbfounded at the lessons unlearned in Britain, Europe and the US, it strikes me that the entire structure of neoliberal (free trade) thought is a fraud. The demands of the ultra-rich have been dressed up as sophisticated economic theory and applied regardless of the outcome. The complete failure of this world-scale experiment is no impediment to its repetition. This has nothing to do with economics. It has everything to do with power. Parenthesis are mine, and I bold the letters.

Wall Street has the power, via their ownership of politicians such as Wyden, John Boehner, Paul Ryan and Barack Obama. The president’s people are negotiating the Trans Pacific Partnership, the biggest free trade income redistribution scam of all time. Don’t let him destroy the middle class. Stop the madness of this failed economic policy.

Click the link below for the full story from the Guardian of the UK.


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