If one looks to see how other nations are arranging jobs for their citizens, one discovers several radical differences with us that leave us in real trouble.
Some nations doing much of the manufacturing are running it with their governments, not private profit oriented corporations. China fits this model and has taken millions of our blue collar jobs by exploiting their own workers with low wages and no benefits. The corporations of still other nations have been buying up our businesses and arranging them so that we cannot compete, e.g. foreign car production done much here in the South — minus labor union and other worker protections.
Still other nations let their governments and taxes handle expenses that put our corporations at a disadvantage, e.g. medical care done more cheaply in every other developed democracy but our own where insurance waste and high expenses put our business providers at a disadvantage.
“Cut your taxes” sounds good but it hides the real taxes such as lost jobs and high medical expenses. We are not rebuilding our infrastructures either that require tax outlays or other economies.
In short, the U.S. is living in an economic world of the past and paying the price against competitors who have modernized theirs. The Republicans attack Obama for trying to update our financial systems, but their living in the world of the past is what is killing us. Witness our big banks which no longer serve the people, but rather divide us into the jobless and scared versus the super rich who care only about accumulating massive fortunes.
And so we are facing our second potential great depression — brought on by economic attitudes that were fought by both Roosevelts in the century past. Notice that “No” in response to every economic problem solves nothing! Help!
“A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope.” (Livy cited by Machiavelli)
Ed Kent [blind copies]