America the unequal?

Discussion in 'Business & Economics' started by Undecided, Aug 3, 2004.

  1. Undecided Banned Banned

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    The United States is the world’s largest economy but since the 70’s the US’ economic power has been actually waning. With the raise of the third world which now comprises of half the world economy and with the collapse of the Bretton Woods agreement the power of the US to manipulate the international economy has depreciated. What confuses people is the idea that the US government is the one who holds the power of the world’s economy, but in reality much of the world’s economic power today rests in the hands of a powerful new Bourgeoisie class that is called the TCC. Transnationalization is the new name of the game internationally in which capital moves freely among states. The economic policies of Keynes and the economic model put forward by Ford have long gone. What is the result well the result is that the American worker, frankly the world’s workforce has significantly less power to negotiate vis-à-vis the new Transnational classes. Capital now can move almost instanteously leaving the home country and setting up somewhere new and cheap. I don’t hold much doubt in my mind that living standards in the west will begin to slip, and we as workers are now merely a commodity. Wealth in the US is spread very unequally, when Kerry says he is going to raise taxes for the top 2% it’s not an empty threat. This inequality of wealth in the US is not foreign to US history:

    Today instead we have a “aristocracy of the TCC”, a class whose wealth no longer depends on one nations wealth. Real wages of Americans have fallen, while the amount of wealth in the hands of the upper crust has raised much faster then the working class. Here is why wages in the US and the West rose in the period btwn 1900-1980:

    Such a situation no longer exists, as we have seen with outsourcing, M&A’s and the expanding wealth of the third world, the first world’s working classes have much to lose. What many still talk about is a Keynesian economic model that no longer exists. If you are a proletariat which many of you are, if not all of you. We are now nothing more then a replaceable commodity; we are living in a new world a new of expanding markets. With limited resources, with capitalism ever increasing need for growth a growth that the west can longer offer we are looking at a very uncertain future. A future in which wealth in nations becomes even more polarized.
     
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  3. tjt517 Registered Member

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    America now has a distribution of wealth that is so bad that it was once thought of as a level that only happened in the third world.
     
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  5. rGEMINI Fallen Entity Registered Senior Member

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    good bye US HELLO china LOL... now i have to deside who is worst =P
     
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