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Posts Tagged ‘Globalization’

USA Today reported in last weekend’s edition that “Low-wage jobs are expected to grow the fastest over the next five years while occupations that support a middle-class living will lag.” The newspaper cited a survey by CareerBuilder.

“Globalization” is the culprit according to the survey. In other words, factory and office jobs will continue to be exported, and the difference between the higher US wages and benefits and the new third world wages with no benefits will go straight into the pockets of the richest via higher corporate profits, rising dividends, and surging share prices. Neither the study nor USA today mentioned this part. Reporter Paul Davidson only mentioned “globalization,” and deliberately so to keep you ignorant.

Just as important, trade treaties also establish the rules by which US corporations can also create jobs overseas, rather than in the USA. This redistributes income from the 99 to the 1 percent, as well.

So expect income and wealth inequality to grow throughout the USA, as well as the rest of the world. And, contrary to the lying corporate press and the World Bank, poverty throughout the world has grown during the last thirty-seven years.

The report clearly shows that more of the middle class will be disappearing as those middle-class jobs are exported and the wages and benefits transformed into dividends and higher share prices for the rich. In other words, the rich are eating the middle class.

When those factory jobs operating machines that sustain a middle-class life style are exported, jobs in accounting, bookkeeping, management, law, computer technology, and more are exported. These are all middle-class jobs.

It doesn’t need to be this way. Globalization is not inevitable. It never has been inevitable. But the policy of globalization enriches the wealthy at the expense of the everybody else throughout the world, and this is the inevitable result of globalization, as well as its purpose as US public and economic policy. And this is why the corporate news media keeps pounding this idea into our heads, and we meekly accept this bull shit lie.

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child labor

A new report from the Economic Policy Institute (EPI) says that the decline of US private sector labor unions has resulted in lower pay for almost everybody. A summary of the report is below.

“Pay for private-sector workers has barely budged over the past three and a half decades. In fact, for men in the private sector who lack a college degree and do not belong to a labor union, real wages today are substantially lower than they were in the late 1970s.” The same holds true for women.

The report went on, “In the debates over the causes of wage stagnation, the decline in union power has not received nearly as much attention as globalization, technological change, and the slowdown in Americans’ educational attainment. Unions, especially in industries and regions where they are strong, help boost the wages of all workers by establishing pay and benefit standards that many nonunion firms adopt. But this union boost to nonunion pay has weakened as the share of private-sector workers in a union has fallen from 1 in 3 in the 1950s to about 1 in 20 today.”

There are some things missing from report. One of them is that the war on US labor unions brought about massive increases in profits for corporations, and much of this was redistributed to politicians in the form of perks (like high paying jobs after leaving office) and campaign contributions.

Martin Luther King

Eviscerating US labor unions via globalization and government legislation also redistributed much of the political power of the unions to corporations. The Republican Party today, for example, is completely owned by US corporations such as Walmart, Apple, Microsoft, JP Morgan/Chase, Goldman Sachs, a variety of hedge funds and Exxon Mobile. Labor unions have taken a back seat in the Democratic Party, and by a wide margin, to such corporate giants as Costco, Apple, Microsoft, JP Morgan/Chase, Goldman Sachs, and a variety of hedge funds. Notice any similarities between the twin political parties?

Globalization has never been inevitable as corporate, news and political leaders claim. Instead, it is an intentional political and economic power play to break US labor unions, bust foreign labor unions, push wages and benefits down, which boosts corporate bottom lines, which increases corporate share prices, all of which redistributes income and wealth from the 99 to the 1 percent.

In other words, globalization is not something that has been God ordained. This policy has been ordained by the rich and powerful. It is not and never has been inevitable except as an instrument wielded by the rich to wage economic war against the 99 percent of the world.

The primary purpose of globalization is to increase income and wealth inequality.

Check out the link below for EPI’s report.

Union decline lowers wages of nonunion workers: The overlooked reason why wages are stuck and inequality is growing

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Brexit-10-650
Let’s look at what the EU commissioners call the sacred “four freedoms”: the free movement of goods, capital, services and people. Notice something strange about the list? Goods are manufactured things, capital is money, services are transactions, but people are of a different category, are they not?

Human beings have cultural ties, feelings, attitudes, patterns of behaviour, social assumptions and… add all the other obvious words you can think of. But to CEO’s of corporations, or hedge fund managers, they’re all inputs into the production process.

Not only does the free movement of labor in unlimited numbers in the European Union present a much more complex and potentially delicate problem, but it seems quite wrong to lump people in with manufactured goods and commercial services. Is this the dream of conservative and liberal politicians of Europe: to build an economic and political system that shunts people around a continent to fill whatever quotas big business requires at any given moment?

The answer is yes. And so British corporations have exported jobs to lower wage EU nations, like Hungary. In turn, Eastern European labor has been given unrestricted access to immigrate anywhere in the EU they desire, and for many, that means higher wage nations, which includes Great Britain.

As jobs leave Britain for lower wages elsewhere, hundreds of thousands of immigrants have entered Great Britain and placed downward pressure on wages and benefits there. That puts upward pressure on corporate earnings, stocks prices and dividends, which go mostly to the rich.

The EU is politically constructed so as to ensure the rich get wealthier by redistributing income from the 99 percent to themselves.

That’s precisely what globalization is all about.

The United States has followed this pattern with hyper-immigration over the last thirty-five years, and with massive international income redistribution scams falsely marketed as international trade agreements, which have lead to the exportation of tens of millions of US jobs. Notice real US wages have stagnated during these years while the stock markets have exploded, and the rich have gone from stealing 8 percent of all income produced in the US to 37+ percent today. That’s precisely what globalization has brought us.

In the meantime, the corporate press of both the US and Great Britain cry out against the success of Brexit on behalf of their fellow corporations and advertisers. However, the people of Great Britain knew what they were doing.

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Other reasons to vote for Bernie:

1. Honesty in government. We haven’t had an honest president since the great Jimmy Carter.

2. Sanders fights for main street, and always has. Hillary fights for Wall Street and large corporations, and always has.

3. Sanders has been completely honest with us.

4. Sanders will do no harm, while Hillary is chomping at the bit to do Wall Street’s bidding, which means screwing us over.

5. Sanders will try to restore the American dream, while Hillary will continue to do the bidding of Wall Street and continue policies that continue the American nightmare of the last thirty-five years that has seen record corporate profits, and massive redistribution of income from the 99 to the 1 percent so much that the middle class has been reduced from 61 percent of all adults to 50 percent today.

6. Sanders will champion policies that reverse the trend of the last and the percentage of total income produced in the USA has gone from

7. How’s that globalization thing going for you? The US middle class has shrunk, and so has the income of the 99 percent. The 99 percent earned 92 percent of all income produced in the USA in 1980, and now that figure is down to 67 to 77 percent, depending on whose numbers you use. Hillary has voiced support for the Trans Pacific Partnership (TPP), the largest international income redistribution agreement ever, falsely marketed as a trade agreement, 45 times and said she’s against it twice. Bernie has always said he’s against it. The TPP will ship millions of US jobs to China, and the 1 percent will pocket the difference between the old higher US wages and the new lower Chinese wages via higher corporate profits, surging dividends, and rising share prices. Hillary is for that by a count of 45 to 2.

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How the corrupt corporate propaganda machine known as the corporate news media lies to us. To stay competitive we need to cut wages? How about increasing wages and benefits since US corporations have produced record profits year after year for five years, which has sent the stock markets to record highs? How about giving workers higher wages rather than extended credit? And why doesn’t the US corporate press report on these things?

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Imagine…“A world without democracy, ruled by technocratic parasites, “serving the interests of US and global capital – protecting “investor rights” against national laws and regulations.” That’s a reality being crafted in secret negotiations by the Obama regime. This reality is probably going to happen by the fall. It’s the TransPacific Parnership (TPP). Can this anti-democratic, anti-enviroment, pro-GMO, income redistributing from the 99 to the 1 percent, anti-worker, anti-Consitution monstrosity be stopped? Who knows? But it is another rigged game for the 1 percent in their war against the middle class.

Check out the link below from Truthout.org

NAFTA on Steroids: The TransPacific Partnership and Global Neoliberalism–Truthout.org

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In the link to the video below, economist Jeffrey Sachs discusses how globalisation has exacerbated income inequalities and the control over politics exerted by the rich. Sachs doesn’t know everything about how globalization has redistributed income from working people to the affluent. And it’s so simple. The difference between the wages from the old higher paying jobs and the new lower paying jobs goes into the pockets of the wealthy via higher corporate profits, expanding dividends and soaring share prices. The people who lose their jobs get nothing but headaches as they search for work.

click here for the full story

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