Celebrating Labor Day is poised for a fundamental transition. As the work force shrinks, the 21th Century version of the nature of employment is undergoing deep and primal changes. Some stats that are relevant point out that 62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months.
Ivory tower economists, corporate business analysts and financial experts routinely trash any discussion that America needs to institute a national economic policy that actually benefits our own country. The mantra of unchallenged doctrine that globalism is the only path for world commerce has been intensively pushed for well over the last half century. How well did the United States fare? An honest evaluation must acknowledge the diminishing middle class has paid the greatest penalty from the corporatist sedition that has destroyed internal independence and productive prosperity.
The paradox in the question of who wins in a currency war presupposes that any participating combatant can actually claim victory. If winning means ending up with the most cash, when the value of the money as a store of tangible wealth is debased, it is doubtful anyone can be declared the victor. The absurdity of lowering the purchasing power of a countries currency to enable exports to be more competitive is economic sacrilege that the heretical “Free Trade” mythos is based upon. Without a reliable standard of objective comparison, floating currencies maneuver their exchange rates to disguise internal imbalances in their own political and economic expenditures.
Political conservatives with a high degree of business savvy are able to see through the facade which Fox News has become. The recent orchestration of the Republican presidential debate was a huge ratings success hitting a record 24 million viewers. The early debate gained 6.1 million eyeballs. The contrast between the two venues could not be greater. The high level of discourse among the seven second tier candidates far surpassed the P.T. Barnum spectacular, which was scripted as an episode of desperately seeking jumbo. The GOP establishment elephant was center stage, but the RINO’s suffer from myopia as they disrespect grassroots conservatives.
The warfare against coal has entered the end game. Two years ago, The EPA an Out of Control Monster virtually prohibited the construction of future facilities.
“The Environmental Protection Agency effectively banned new coal-fired power plants Tuesday, announcing emission rules that will make them uneconomical to build. This follows other recent rules squeezing coal. The actions show the administration following through on an earlier promise to crack down on the industry via regulation after the “cap and trade” carbon bill stalled in Congress in 2010.”The proof of Obama ‘All the Above’ Strategy Does Not Include Coal, is seen by his EPA policy. “
As even the casual observer of the effects from the corporatist model for economic commerce knows, permanence in a developing prosperity is transient at best. What becomes the rush to ratchet up industrial production ends up in a piercing disappointment for long term stability. China is the latest example of a corporatist model in serious trouble. And who will suffer the most? Those dependent on export manufacturing are clearly poised for a very bumpy ride. While the oligarchs play global chess with their foreign companies, the enterprise of creating a rise in world-wide wealth suffers.
With the approval vote in the United Nation Security Council of the P5 + 1 Iranian agreement, a smorgasbord of eager trading partners claw themselves out of the woodwork. The liquid black gold rush is on. With the rescinding of sanctions put into motion, over time the wheels of commerce will be put back on track. No matter what the U.S. Congress does, the flood from international trade will start making deals with Iran.
By now you have heard that the P5 + 1 and Iranian agreement includes a path for easing out economic sanctions. Before the political pundits inject their commentary and biases for the overall tradeoff of varied interests, it would be good to assess the economic costs computed by imposing sanction on Iran as a political stick to isolate and punish the defiant regime. As the American Empire cracks under the pressure of maintaining total conflict in the Middle East, the realities that the overall world community wants a shift in policy is certainly evident in this controversial arrangement of agreement.
The lethargic performance of the U.S. economy going back decades and plunging into an embedded depression, since the financial meltdown of 2007, has caused permanent damage. The business community and the financial press have yet to acknowledge that prospects are not going to improve. It does not take a commercial genius or an academic professor to look around at the shrinking middle class and conclude that the lessons of the preverbal business cycle no longer apply. In order for any economy to prosper, the fruits of commerce must improve the financial conditions of the producing contributors.
This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite coercion and renounce their IMF and ECB debt? Make no mistake about it, Greece has lived high on the hog for decades and has serious internal problems. There is no free ride. However, the pain from the coming default is necessary to shed the yoke of a failed European Union construct.
The corporate culture would have you believe that it is the foremost structure of the economy. That the entrepreneur is a nuisance and is tilting at windmills. Since competition is a dirty word, the innovative venture poses no threat, but might qualify as an acquisition. Only if the business model is such that duplicating the endeavor is too time consuming or difficult will the corporatist take interest. Yet, in the end, the design of the corporate organization is more about brute force than creative invention. So why is it so difficult for the enterpriser to get their project off the ground? And what is the compelling motivation to start your own business?
How quaint, private equity sounds like the very definition of capitalism. Well, peel back this onion and the tears come streaming from your eyes. As with any insider investment scheme, the devil is in the details. So when these operations fell under government regulation, some optimists felt good that the government would protect the limited partners and the entire financial system. Just how did it work out?