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Fellow -> RE: It's The Inequality, Stupid (2/24/2011 1:53:15 PM)
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quote:
That greed has also destroyed the manufacturing base in this country. It's not limited to the board room and CEO's. Greed on the part of the auto unions helped drive that industry into the ground.
There are two sides: management and unions. I agree the unions had some part of it but I do not believe the unions are to be blamed for car industry failures. It was just bad management of the companies. Also, do not forget, all USA car companies had financial businesses attached that suffered huge losses (also management issue). The same with teachers unions: the government has no obligation to satisfy their demands, everything is negotiated. The unions in Wisconsin perhaps got too much, but if to honestly analyze the situation, the median teachers income was about the national average. The news media spreads lies about the situation. For example, I saw the news Wisconsin teachers make 100K a year. The truth of course is the median wage of the experienced elementary school teacher is about 50K and everybody else makes less down to 24K for teaching assistants.
Greed is always part of the business environment. It did not destroy the manufacturing in the USA. The US industrial base was (and is currently) destroyed by government policies ("neo-liberal globalization").
I do not think changing a little tax policies or some kind of infrastructure projects could lead America into bright future. I did follow the news about the fall of the Soviet Union during the collapse 1990. It had very similar characteristics to USA today. Most of the population was poor living paycheck to paycheck. Relatively speaking US workers move towards similar situation or worse, as the employment itself becomes a privilege. The government used oil revenues and huge security apparatus to keep the population relatively quiet. The US government just sells T Bonds to Chinese, Arabs, Japanese and others. The industry in the USSR was owned by the state, but every huge state owned monopoly top bureaucracy was well off compared to the rest of the population. If we would just rename Microsoft The Ministry of Software we would have a direct similarity. They had Gorbatchev who thought the system can be reformed with small changes. We have Obama with similar ideas. The USSR was also in war in Afganistan. Then, there were US and other think tanks proposing solutions for the USSR. Predominantly the proposed models were Chinese type with special free trade industrial regions and such. What was missed was that the whole system was totally corrupt and not able to introduce any reforms. Then Boris Yeltsin came and finished it off. How can the US corporate government solve the problems?
I predict something similar to the USSR will happen to US. The coming financial collapse perhaps will be the turning point. The creative destruction will reset the economic field. Ron Paul would fit the Yeltsin character role. There has been huge security apparatus and prison system build-up in the US, but it is hard to imagine totalitarian system. In the Soviet Union the army and huge security system was totally useless dealing with the collapse. It is even more in America as people would simply not adapt to totalitarian measures. Although, elites may try it. An another impressive false flag attack could be in preparation.
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