Posts Tagged ‘Japan’

Read Full Post »

Overall, the USA rates 75th highest in the world in income inequality, just behind Ghana and Turkmenistan, but ahead of Senegal, Thailand and Zambia, although only nine nations are compared in the graph above. Those are industrialized nations in the graph. Naturally, among those nine the USA is dead last. Why is the USA last among those industrialized nations?

Liars of the corporate news media and their pundits will tell you it is because of technology and automation, as if China, Germany, Sweden and other nations in the graph above don’t have the exact same issues. They do. Yet income inequality in those nations are far less than in the USA.

As you can see from the graph, severe income mal-distribution peaked just before the Great Depression in the USA. That mal-distribution caused the Depression because it weakened the demand for goods and services by the 99 percent.

You can see that a  massive rise  in mal-distribution began in the USA with the so-called Reagan Revolution, which was essentially, something of a coup since the 1 percent essentially stole control of the US government via treason. See The Real October Surprise Really Happened–Christian Science Monitor .

The 1 percent took complete control over the corporate news media around the same time, and sold us a ton of lies, such as trickle down economics, which redistributed income from the 99 to the 1 percent and gave more money to the 1 percent with which they corrupted government. The government redistributed income by signing free trade treaties and other legislation that allowed the 1 percent to ship jobs overseas, and pocket the difference between the higher old wages and the new lower wages.

The press continues to lie to us about a number of things. One of them is that our biggest trade deficit is with the nation of China. No it is not! Our biggest trade deficit is with US corporations as a whole that ship jobs overseas, or create them there which they would otherwise not be able to do without these corporate trade treaties. US corporations also hire foreign contractors and or sub-contractors to manufacture goods and services, rather than US contractors and subcontractors, thanks to these so-called trade treaties. In all of these cases, goods and services are exported to the United States from foreign nations by US corporations such as Apple, Microsoft, General Motors, General Electric, Fannie Mae (call centers in India and Pakistan), Capital One, and many others. The result is a massive United States trade deficit. This is the primary conduit through which income is redistributed from the 99 to the 1 percent.

Wall Street President Barack Obama plans to increase income and wealth inequality in the USA through the Trans Pacific Partnership, the largest income redistribution treaty of all time. Incoming Wall Street Senate Majority Leader Mitch McConnell is completely with the president on this scam. So is Democratic Liberal Wall Street Senator Ron Wyden. The game is completely rigged against the 99 percent, but the fight’s not over.

In other words, income inequality has been brought about by an inequality of political power in government and in both major political parties.

We can stop the madness. There are a great many Democrats in congress who want to get reelected, and so a few simple phone calls by a large number of constituents can sway them. The same is true of many Tea Party Republican members of the US House. Call them and protest. Let you voices be heard. Let them know you’ve had enough of these income redistribution scams.

Read Full Post »

President Obama continues to use large sums of taxpayer money to push negotiations to obtain a free trade treaty favored by the super rich at the expense of the 99 percent. Luckily, the Trans Pacific Partnership (TPP) remains stalled in the face of growing opposition in the United States and throughout TPP countries. There are 11 Pacific rim nations involved in the negotiations. The TPP has been called “Nafta on Steroids,” and “the biggest income and political power redistribution scam from the 99 to the 1 percent in history.” That’s why some of the biggest hitters in the Democratic and Republican parties support the treaty. It benefits Wall Street and the 1 percent at the expense of everyone else. For example, the treaty has been negotiated to artificially raise the price of pharmaceutical medicines. That’s why President Obama, Wall Street Senator Ron Wyden and Wall Street Congressman John Boehner want to push the treaty through congress without debate.

“Following are the top 10 indicators of why the United States trade representative (USTR) has decided to tamp down expectations once again for a negotiation that has supposedly been in an “end game” since last year:

1) U.S. and Japanese officials have offered conflicting versions of the outcomes of their bilateral “breakthrough”-but-not-a-deal non-deal from Obama’s Japan visit when briefing their TPP colleagues. Indeed, Japan was among the countries arguing that the state of U.S.-Japan market access negotiations was not sufficiently advanced to merit another TPP ministerial meeting.

2) An LDP bloc in Japan’s Diet adopted another resolution last week, while TPP chief negotiators met in Vietnam, reiterating the ruling party’s requirement that the TPP must protect a list of “sacred” agricultural commodities. The Japanese parliamentary action by Prime Minister Shinzo Abe’s own political party, making clear it will not support a TPP that zeroes out agricultural tariffs, is seen as a direct response to U.S. congressional and agribusinessstatements that only a TPP that does so is politically acceptable.

3) Vietnam’s former trade minister, who is a current senior advisor on TPP negotiations, recently declared that Vietnam would not accept a TPP requirement that workers be allowed to establish independent labor unions. Former Minister Truong Dinh Tuyen said Vietnam instead would accept a compromise that devolved some power to local unions.

A protest against the TPP in Washington D.C. on May 21, 2014.

4) U.S. trade officials announced that Japan would advance market access talks with other TPP nations at the Vietnam lead negotiators meeting and that this was a sign of a new stage in negotiations – except that is not what Japan intended or did. Other countries are unlikely to even consider high-stakes tradeoffs relating to U.S. demands that could raise drug prices, extend the scope of investor-state dispute liability, limit financial regulation, discipline state-owned enterprises, and enforce labor and environmental standards without knowing what prospective market access opportunities might be forthcoming.

5) On May 1, the Sultan of Brunei implemented a new Sharia-law-based penal code that calls for jail terms for the wearing of immodest clothing, pregnancies outside marriage and abortion, with death by stoning for adulterers, gays and lesbians to be phased in later. The move prompted new U.S. constituencies to join the anti-TPP effort.

6) The USTR’s concern that the optics of not having a TPP ministerial when all of the countries’ trade ministers are together for a pre-scheduled APEC meeting overcomes opposition by other TPP nations to meeting when there is nothing ready for ministers to decide. Thus, the announcement of a “check-in” ministerial, which ministers from at least three TPP nations do not plan to attend.

7) Japanese officials or press are creating a series of red herring stories. Reports of near-deals on intellectual property, new U.S. proposals and more do not relateto what happened on the ground in Vietnam. Indeed, the Japanese press has run a series of follow-up stories speculating about who is generating the misdirects and why. There is no indication that key areas of controversy that existed in previous ministerials in the areas of intellectual property, investment, environment, labor, state-owned enterprises and more are much closer to resolution, even after the expense of the past months of negotiations. The U.S. ambassador to Malaysia recently expressed hope that the deal might be concluded by 2017.

8) The USTR continues to avoid raising currency issues at chiefs or ministerial levels, even though it is increasingly clear that a TPP without enforceable currency rules is dead on arrival in the U.S. Congress. If negotiations were nearing a final deal, this issue would have to be raised; Congress’ outspoken position has made clear to the other TPP nations that either this issue will be raised in negotiations or it will be raised later as an additional demand after ‘final’ concessions have been made, as was seen in the Korea Free Trade Agreement renegotiation four years after signing.

9) The prospect of passage of any form of trade authority in 2014 is dimming. Indeed, some congressional Fast Track proponents are already talking about the prospect that President Barack Obama may never obtain trade authority, so they are setting their sights on 2017. As the other TPP countries recognize the lack of congressional support for Fast Track and TPP, their willingness to make U.S.-negotiator-demanded concessions on issues with high political costs at home also dims.

10) In April, Chile’s Trade Ministry under recently elected President Michelle Bachelet confirmed that it is conducting a comprehensive review of the scope of the TPP and what its impact could be for Chile, noting that it is initiating a process of transparency and openness in the negotiations to include civil society input into their review. The website states, “We consider that there are many issues that are still open, the negotiation still has a ways to go.”

Read Full Post »

CEO Pay: An International Comparison

Read Full Post »

Read Full Post »

It should be pointed out that food stamps go to feed people, and that corporate subsidies go toward redistributing income from the 99 to the parasites of the 1 percent via higher corporate profits, rising share prices and surging dividends, and all at the expense of the 99 percent. It’s a rigged game against the 99 percent via corrupt US governments at most levels and a corrupt corporate US Supreme Court.

Read Full Post »

Here’s the real dirty little secret the US corporate press doesn’t want you to know.The biggest trade deficit the United States has is with US corporations exporting manufactured goods and services from China, Pakistan, Vietnam and Mexico to the United States. That’s right. The US trade deficit is with Nike, Microsoft, Apple, NCR, and hundreds of other US corporations. They export hundreds of billions of dollars worth of goods to the United States every year from their facilities, contractors and subcontractors in other nations. Perhaps as many as forty million of those jobs overseas used to be in the US.

US corporations manufacture goods and services overseas in order to redistribute income from the 99 to the 1 percent. Take a look at the chart below. Notice the trade deficit starts to spiral, especially after 1980.

Now take a look at the chart below. Notice that the amount of income going to the 1 percent begins to spiral upward at about the same time as the US trade deficit does.

The United States has had a trade deficit with other nations since 1976. That means US businesses have imported more goods from other nations than has been been exported every year since 1976. In 1975, the US trade surplus was over $12 billion. In 2012, the US trade deficit was over $534 billion, and over $741 billion in manufactured goods. What happened?

It began with electronics in the 1950s, when those American jobs manufacturing radios and televisions and their parts were exported to Taiwan and elsewhere. The things made in Taiwan were imported into the US. By the mid 1970s, steel and automobile companies were exporting US jobs, and importing things. Free trade agreements paved the way for these jobs to be exported. These agreements also paved the way for US corporations to create jobs overseas, rather than in the US. In other words, the US primarily exports jobs to other nations, rather than goods and services.

The reason the US government has done this is to redistribute income from the 99 to the 1 percent. The difference between the old US wages and the new lower overseas wages goes into the pockets of the rich via higher corporate earnings, rising share prices and surging stock prices. Notice in the graph below that the Dow Jones Industrial Average, (an average of the stock prices of the thirty top rated US publicly trade corporations), began to surge in the early 1980s, which coincided with the growing US trade deficit, and the massive growth of income being redistributed from the 99 to the 1 percent. Notice income growth for the 1 percent surged during the mid 1990s, the Dow began growing even faster, and the US trade deficit continued to surge. Those surges coincide with Nafta, which took effect in December 1994. That treaty made it easy for US jobs to be exported to Mexico, and so they were.

Historic Dow Jones Average

Now President Obama, and Wall Street senators such as Mitch McConnell and Ron Wyden, want to redistribute more income (and political influence) from the 99 to the 1 percent via the Trans Pacific Partnership (TPP), the largest income redistribution scam of all time. The US trade deficit will explode with this treaty, whole industries (such as the remains of the textile industry) will be exported, more and more income wil be redistributed from the 99 to the 1 percent, and the Dow Jones Industrials will surge. None of this is good economic policy. The president knows this, McConnell knows this, Ron Wyden knows this.

In 1980, the 1 percent took home 7 percent of all the income produced in the US. Nowadays, thanks to these treaties, that figure ranges between 21 to 31 percent, which means the 99 percent have less money to demand goods and services, which is why the economy is so weak. Wealth has also been massively redistributed from the 99 to the 1 percent. Check out the video below.

The result of free trade income and wealth redistribution treaties has been to wreck the US economy, and to corrupt the US government, as well as many state and local governments in the process. The economic game has been rigged against the 99 percent using the money redistributed to the 1 percent via trade treaties. The Trans Pacific Partnership is intended to be a knockout punch to the 99 percent. It’s time to end the madness. Take to the streets, call the people who are supposed to represent you in congress. Let them know you want this insanity stopped.

Read Full Post »

Older Posts »

%d bloggers like this: