For 35 of my 51 years I have believed strongly in industry protection, tariffs, quatas etc.

I understand the short comings of protection and there may have been an improved version of this concept available if it hadn’t been turned into the dirtiest of political words (concepts).

At the very bottom of the dung pile we currently find ourselves in is ‘trade imbalances’, I believe that had the right wing cruisaders not silenced villified and derided alternative views and those who bespoke them, Protection may have morphed into something very useful and perhaps could have saved capitalism from itself.
We will se it again soon but … woops its too late….. bring the mop.

a bit downbeat, but good nonetheless

of course, it begs a follow up

one of the causes for so much unemployment is due to the loss of low cost production environment due not to high wages but to high infrastructures costs caused by the fire economy….i.e. we have become a rentier economy where the economy of producing goods and services is vanishing quickly because of tax and regulatory policy…

although that may not be a news flash for most folks, his analysis of why it is bad and how it is perpetuated is news….

part of the problem is that labor and production have been taxed far more heavily than economic rents / capital gains….he also cites the privatization of infrastructure which vastly increases costs….

if we are ever to recover and take political power from the plutocrats whose top 1% owns 57% of the wealth, then capital gains, economic renting, and labor taxes must be brought into equilibrium….

i am not a high tax advocate by any means but the key point is that special preference has been granted to non-earned income….the plutocrats will not let go which is why they are squealing like pigs over hr 1207….

if the people do not see that the fire economy and their bought and paid for whore representatives have sold them down the river, this country is doomed to serfdom….

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