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First, the world was on the gold standard, then no standard, and now we are on the U.S. dollar standard, mission accomplished. Everybody in the world has dollars, nobody wants the value of a dollar to fall. The Republicans have achived their goal of world domination without firing a shot. |
Now the value of the dollar is falling because the U.S. has exported its entire economy, all of its manufacturing jobs and most of its money to China and India. The U.S. government starts printing money because we don't have any money left, China and India have it all. protectionist measures are imposed by a government tring to keep the people happy by creating jobs so that they can keep their jobs. This is a predictable outcome.
The U.S. is a democracy, the U.S. people want jobs, so that they can continue to pay their bills, mortgages and maintain their standard of living. The U.S. economy has to be rebuilt and the markets have to rebound, before the U.S. consumers can continue to spend huge quantities of money on Chinese and Indian products. The U.S has to creat jobs for its people, we cannot survive on a manufacturing base that makes nothing but military equipment, food, utilities and emittions control products. U.S. manufacturing workers average wages are about $20,000-$30,000 per year, yet we are forced by international trade to compete with Chinese and Indian workers who make much less ($600 per year). How do we compete? We don't, that is why we have no money left.
The problem is excess capacity, the Chinese and Indian workers are not earning enough money to become consumers themselves and provide another market for products to be bought and sold. Instead, they are being exploted for cheap labor, while the companies that hire them have huge profits. The only way to fix the problem while continueing the free trade, is to force these companies to pay their workers in China and India more money. This will creat new markets, new consumers, enable the U.S. workers to continue to work maintain their standard of living while raising the standard of living in China and India, a win-win-win deal. but instead the greedy businesspeople are taking all the profits for themselves.
Honest politicans have to stand up and stop the companies from exploting the opprotunies they have been given to develop your countries.
In the U.S., we think that a hardworking family should be able to earn enough money to buy a house, car, a bunch of furnature and appliances, send their children to college and still have enough money left to retire when they are old. Until Chinese and Indian businesspeople, politicans and people start thinking the same way then the unequal competive advantage is going to continue to erode the U.S. economy. Which leads to protectionism, because we are not willing to lower our standard of living, we want you to raise your standard of living.
The companies have to quit worrying about selfishness, productivity and profits and worrying about creating a self-sustaining economy where people have a good quality of life. That is how the American economy was created, we had no trade, we were isolationists to start, then WWII provided a big opprotunity for export and that is when the economy grew. Big business can be your greatest asset or a parasite, it all depends on the regulatory framework the host country provides them with. It has to be a win-win-win deal between the politicans, people and businesspeople, a great compromise allowing for good profits, good wages, good national defense, good infrastructure, education and full employment. The main trick is to keep the politicans honest, which is not easy because the businesspeople will try to corrupt them with money.
The Chinese and Indians people should look at the "New Deal Legislation" the U.S. government put into effect after the great depression. This is a road map for creating the U.S. economy. If you want an economy like the U.S. economy used to be like, before former U.S. President Ronald Reagan and the Republicans decided to deregulate everything, then you should read about it, and use it as a blueprint for creating your economy.