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Old 09-04-2009, 01:41 PM
 
943 posts, read 1,326,853 times
Reputation: 491
Default How the Middle Class has become Globalizations designated losers.

I agree with this article. Too many members of Gen X have not seen same life as generation before it. Many people warned where globalization would take us.

Quote:
Title: How the Middle Class has become Globalizations designated losers.
[SIZE=2]Source: Examiner.com[/SIZE]
[SIZE=2]URL Source: [SIZE=2]http://www.examiner.com/x-3629-Philadelphia-Progressive-Examiner~y2009m9d3-How-the-Middle-Class-has- (broken link)[/SIZE]
Published: Sep 3, 2009
Author: Tim McCown
[/SIZE]
Quote:
Economics is not some lesson in diversity and acceptance, it is a type of warfare. Globalization has virtually no short or long term benefits for America. It has benefited primarily those states that are and have been America's biggest rivals and are using the Free markets to mount an offensive on the United States.


As Gaber Steingart noted in an article in Der Speigel Online, " The American Middle Class is going into the 21st century like a poverty stricken third world family, living from hand to mouth losing more and more financial resources." Pat Choate in his book about the dangers of globalization points out that one of the consequences of globalization has been that with outsourcing, vital defense research and manufacturing have been given out to other nations some of which are essentially hostile towards the United States.


Every important national economy in the world now exports products to the United States without purchasing an equivalent amount of products imported from the United States. We have gone from being the world's creditor to being the world's largest debtor nation in just thirty years. Steingart points out that the U. S. can't even achieve a surplus in trade with even less developed economies in the Ukraine and Russia.

Large parts of the U. S. workforce have been downsized, outsourced or insourced until their backs economically are against the wall.

[...]

We are told our salvation is in getting a better and better education. The appropriate question would be education for what? The high wage high tech jobs Bill Clinton believed were coming to the U.S. were quickly outsourced to other nations. We already know all the green technology is being out sourced rapidly to China, South Korea, and Japan. Statistics for college graduates of the class of 2009 say in many fields unless you were in the top 2% of your class finding work in your field may be next to impossible. Much of this is because our leaders either through stupidity or complicity, allow for whole sale manipulation and violation of visa's like H1B for cheap labor.

[...]

You can add to these statistics the mortgage foreclosures, credit card delinquencies, unemployment rates that some believe when you use real numbers and include everyone who is unemployed reaches up near 20% not the 9.5% reported, and the mounting bankruptcy filings not to mention the pending retirement of millions of the" Baby Boom" generation, you can begin to understand why I believe all the talk of recovery economically is the cruelest of hoaxes.

Gaber Steingart called America a super power in decline. I wonder if we are even still one. If we still have a country to save then it will be when we make our pathetic naive and stupid leadership wake up to the fact that globalization is not some international diversity moment where we all hold hands and sing but is in fact a type of warfare that we are losing badly.
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Old 09-04-2009, 01:45 PM
 
16,623 posts, read 12,921,127 times
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Looks to me like the standard of living for the American middle class just keeps going up.

It does not bother me if the standard of living for the Chinese middle class, or the Indian middle class, or whomever, rises faster than that of the American middle class. That appears to be what you are angry about; not that we are losing, but that someone else is also winning.
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Old 09-04-2009, 03:24 PM
 
Location: Sinking in the Great Salt Lake
11,121 posts, read 8,840,525 times
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If you ask me the sweatshop laborers in 3rd world countries are the real loosers of globalization.
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Old 09-04-2009, 03:57 PM
 
Location: Great State of Texas
71,040 posts, read 31,417,160 times
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Workers everywhere are the losers. The only winners are the CEO's that line their pockets and bank accounts.
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Old 09-04-2009, 04:03 PM
 
Location: Pasadena
1,285 posts, read 1,701,552 times
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Many middle class jobs can be done almost as effectively by people in the third world for about 20% of the cost. Almost all lower class jobs can be done AT LEAST as effectively by people in the third world for about 5-10% of the cost. Upper class jobs can be done by very few people in the third world, and the cost difference is much less important.

Globalization is not going to go away so you might want to think about how you can profit or thrive in the new environment. Working some low skilled W2 job that "requires" a college/associates degree (but really doesn't) is probably not going to get you anywhere in today's framework.
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Old 09-04-2009, 04:06 PM
 
4,184 posts, read 3,675,573 times
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Quote:
Originally Posted by drshang View Post
Upper class jobs can be done by very few people in the third world, and the cost difference is much less important.
Ironically, a member of the upper class doesn't really need a job to live.
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Old 09-04-2009, 04:12 PM
 
Location: Arizona High Desert
4,538 posts, read 3,040,405 times
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The middle class, as I remember it, no longer exists.
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Old 09-04-2009, 04:59 PM
 
1,282 posts, read 1,173,977 times
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Quote:
Originally Posted by HappyTexan View Post
Workers everywhere are the losers. The only winners are the CEO's that line their pockets and bank accounts.
Exactly.

And have the Government in their pocket no matter which party is "in power".
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Old 09-04-2009, 06:05 PM
 
943 posts, read 1,326,853 times
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Quote:
Originally Posted by rubber_factory View Post
Looks to me like the standard of living for the American middle class just keeps going up.
Where do you live? Are you from overseas?
Quote:
It does not bother me if the standard of living for the Chinese middle class, or the Indian middle class, or whomever, rises faster than that of the American middle class.That appears to be what you are angry about; not that we are losing, but that someone else is also winning.
When America falls so will China and India.

Who do you think buys all the products?

Anyhow lets look at China and India, many people in the factories are basically slaves, [work 14-16 hour days, paid pennies on the dollar]

India doesnt exactly have the best system with its castes and while it has a growing middle class, it is far from large enough to be a consumer base [America has served as that consumer base] for all of those products.

Same for China.

Last edited by WheredoIlive?; 09-04-2009 at 06:20 PM..
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Old 09-04-2009, 06:07 PM
 
943 posts, read 1,326,853 times
Reputation: 491
Quote:
Originally Posted by Chango View Post
If you ask me the sweatshop laborers in 3rd world countries are the real loosers of globalization.
Amen to that.

One thing scary too, Google "Third World farmer" and "Terminator Seeds"

That is a depth of evil most people do not even know is going on.

So its just not the people fleeing to the cities to try and make better life, being treated badly but the farmers as well.
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