trade

It's a Dangerous Business, Pat Choate Chronicles America's Globalization Follies

Dangerous Business - Pat Choate

 

Pat Choate's new book, Dangerous Business: The Risks of Globalization for America
is a must read book on the realities of globalization, trade, the lobbyists surrounding D.C., corporatism and China's modern mercantilism. Choate not only describes some of the corruption, insanity and erosion of the United States through bad trade deals, elitism and globalization, he prescribes solutions.

 

In the below talk on his book, Choate details massive intellectual property theft, biased trade deal provisions, emerging markets, deficits with minute detail :

When Band-Aids No Longer Work

Manufacturing Monday: Week of 10.20.08

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Happy Monday, folks, I do hope you all had a good weekend!  Welcome to another installment of Manufacturing Monday!  Now things are looking bad out there, as many of you probably already know.  We start out with more dire jobs news at GM. Turning to some good news, it seems economic forces that made us "costly" has now turned the tables of sorts, with ironically the biggest pusher of China, Wal-mart (or is it Walmart?  I've seen this store both ways.) forcing suppliers to look domestically.  Lastly, we got Honda moving more work to North America. But first, as is par for the course, we get to the latest economic info related to manufacturing.  So without further adieu...

The Numbers!

Goolsbee - Obama's Economic Adviser - It's All in Your Head

Guess what folks, there is a new economy!    I'll bet you didn't know that just as much as stock evaluations and profit didn't matter in the dot con era.

 

It's All in Your Head

At the helm of the Obama plan is the Chicago School of Economics, heavily promoting behavioral economics..

Aha, if we all just made the right choices, none of this bad shit would be happening right?  A new article, Obama's Geek Economist, in the MIT Technology Review, gives some foreboding hints at what we could expect in economic policy for an Obama administration.  We're being told (sold), we need a new economist for the new economy.

As I recall our economy is a very old story and it's called labor arbitrage.

Obama subscribes to a distinctive set of economic theories developed at the university [of Chicago], and to a corresponding set of policy prescription

Middle Class is Fearful

It is the economy, again, stupid. Working class families are fearful, but the opportunity for mis-information is high.

Senator Obama is using the Detroit Labor Day kickoff to emphasize three messages: addressing the needs of working people, the key role unions play in the election, and the role of manufacturing and the auto industry," Shaiken said. Both the Democratic presidential nominee and Republican rival Sen. John McCain are fighting for union members -- a key voting bloc in Michigan, Ohio, Pennsylvania and other swing states. Link

Obama/Biden and the populist message are on-track.

Populist Politician Pick - Barry Welsh

The Persnickety Populist Presents.... The Populist Politician Pick of the Week.

Populism Soapbox

The Election season is upon us.   With all of the pontificatin' and politickin', who really has the United States national interest, the middle class, and working America in mind really when it comes to policy? 

Tough to figure out eh?

Most Populists want dramatic trade policy change based on sound economic and labor economics theory. Most Populists want a removal of corporate corruption from government. Most Populists want representatives to actually represent what their constituents want. Finally, most Populists want American workers placed front and center in any policy strategy.

Each Week, until the election, The Economic Populist will overview candidates who are particularly strong in trade, economic, labor positions.

Investing in the Nation - China that is

You've probably never heard of the United States-China Economic and Security Review Commission, or USCC. Created in 2000, they research and review economic and security ties with China. Yes, someone, somewhere is trying to monitor the situation.

Today this commission held a hearing, " Research and Development, Technological Advances in Key Industries, and Changing Trade Flows with China".

Guess what folks! China doesn't want those low end jobs or even manufacturing as a long term economic strategy. Nope, they are going for high end research and development in key technical areas!

Walsh open statement:

You Are a God Damn, *%$$%&*()!!* PROTECTIONIST!

Have you ever noticed that when the United States has an increase in the trade deficit, the middle class reports stagnant wages, massive foreclosures, the number of Americans living in poverty jumps or massive underemployment surges, the pundits come out and call everyone a Protectionist?

How did the concept of protecting the United States economy and national interest end up being a dirty word?

That God Damn, evil movement, Protectionism, even made it to the G8 summit:

Manufacturing Monday: Steel looks chirpy, while China faces some woes

Some interesting stuff happening in the manufacturing sector. The US Dollar, despite the President's claim today that he wants a strong currency, continues to drop. Rising material costs, be it ore or petroleum, has had some unintended consequences. I noted on Daily Kos last week, that many businesses are starting to take a second look at the US given the rise in transportation costs.

Domestic steel looking not too shabby

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