Stinky The Clown
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Sat Feb-07-09 09:33 AM
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There are two ways toward an end to the recession ...... |
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We can accept the "global economy" and then accept our place in it ..... with our citizens living in the same relative luxury as the middle classes in China and India.
We can recognize that the only way we can maintain our ability to chart our own economic course is to once again make things here.
Both of those are oversimplifications and neither can manifest in a pure state.
But BOTH of them are clear statements of direction.
Those are our choices.
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Jackpine Radical
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Sat Feb-07-09 09:52 AM
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1. Having nothing against people in India and China, |
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I think there is a third way, which involves stripping the excess wealth from the world's top 0.5% or so and redistributing it in such a way as to lift the bottom or the rest of the world rather than by sinking us. In other words, let the Chinese and Indians be paid reasonably for their work. If slave labor becomes unavailable elsewhere, thn the jobs will stay here.
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many a good man
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Sat Feb-07-09 09:58 AM
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2. Third choice: balanced trade |
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Which can be seen as coinciding with your second choice.
Trade among nations has many positive benefits: it can help lead billions out dire poverty and lessen tensions that often lead to military conflict.
However, extreme trade imbalances are extremely destructive to everyone in the long term.
There will always be trade surpluses and trade deficits. These need to be intelligently managed to avoid crises. Each country should not become so dependent on trade as to put their survival at risk. There is a rational level of surplus/deficit that can be intelligently arrived at for each economy. Greed mongers on Wall Street, in corporate penthouses, and their lackeys in Washington cannot be trusted to determine the balance. We need a return to reason.
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Mari333
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Sat Feb-07-09 10:03 AM
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3. stopping BOTH wars is a start also, cut the defense budget by 2/3. n/t |
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Fri Apr 19th 2024, 08:06 PM
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