This corporate control is derived from Trade agreements such as NAFTA, and the WTO, and control of finance through institutions such as the World Bank, and the IMF, and control of various central banks such as the Federal Reserve.
The big commotion by the right wing over federal deficits is a distraction over the real problem, namely, the loss of manufacturing jobs and the resultant trade deficit.
The endgame is the total impoverishment of America and its reduction to colonial status to the multinational corporations.
The modus operandi: Outsource manufacturing jobs to low wage countries, such as China, creating a trade deficit. Since the outflow of money to places like China exceeds our exports of manufactured goods (because our factories that once made the goods that we now import are closed), we borrow money from those countries (such as China) to continue importing those goods on credit.
Then the interest rates to "savers", like on bank deposits in savings acounts, CD's and money market accounts are kept artificially low by the Fed, while the banks charge comparatively hioh interest rates on loans and credit card balances to consumers who buy the overpriced imports from low wage countries.
The corporations, banks, and Wall Street make out, literally, like bandits.
They transfer middle class earnings and savings to the banks and Wall Street and the public is unaware of the danger like the proverbial frog in the pot of water that is slowly being brought to a boil.
Wait! There is more. At one time, America was self-sufficient in raw materials to feed the factories that provided jobs to its citizens. However, those jobs are now overseas. So there are less markets for American raw materials. However, there are huge markets for raw materials in China.
So the corporations want to refine tar sands oil, "frack" natural gas, and mine minerals in open pit mines and ship it to their factories (now) in China. The corporations will make super profits at both ends of the economic pipeline. They promise the public lower gasoline prices (fantasy), a relative handful of jobs, and promise complete environmental safety in recovering and transporting these raw materials across America. (Anyone remember Exxon-Valdez, Gulf of Mexico, and dozens of other "minor" mishaps.)
The main problem is that the corporations have gotten the public into accepting their propaganda about the economy. They use nonsensical buzzwords such as "free trade", "free markets", "global economy", "job creators", and harp on non-problems such as federal government deficits, while ignoring or belittling real problems such as unemployment, and trade deficits.
Reality is not that difficult to understand. The problem is that the public is easily distracted, and clings to its false notions of economics provided to it by self-serving corporations and their shills in the media and academia.
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