How is this legal?
>>79787361
computers and automatons dont need wages
>>79787361
Rich buy the laws.
Also, rich dismantle schools so they churn out more cuckservatives who can't math and attack anybody who tries to show them how badly they're being fucked.
>>79787361
If I spend a hundred million dollars and years in research and development to create a machine that automates the widgetmaking process, the lone Mexican working the widget making machine is 100X more productive... but he isn't worth a damn dime more than he was before. In many ways, he's worth even less.
Why do you think you deserve more for doing less, when others put in all the work, and all the expense, to even make your job possible?
It looks like something happened around 1971. What could that be?
outsourcing and mass immigration
>>79787421
not this
because edgy socialists like to ignore that they intentionally import foreigners to drive down wages, and also demanded non-monetary compensation
In terms of actual pay, including benefits/pension, wages have continued to go up
[Citation needed]
>>79787361
(((We))) need cheap migrant workers.
You : Okay
>>79787544
nope
wages increase when production increases
unless you outsource all the jobs to China and flood the labor force with cheap labor
>>79787637
that accounts for CEO and upper management
Heritage foundation does shifty shit like that with their charts, highly unreliable.
>>79787633
Reagan legalized millions of mexicans, was he a socialist?
>>79787637
>compensation
>not real wages
trashed
>>79787739
that's cheap Mexican labor fyi just to make things clear
>>79787361
If you're producing more at work, why haven't you demanded a raise or found another job with better compensation?
>>79787361
Early seventies are when we opened up relations with china (and thus began the phenomenon of importing cheap chink goods instead of making things ourselves) as well as ending the breton woods system, meaning we got rid of gold-backed currency.
>>79787598
According to your chart the trade imbalance started around 1990, while the trend in the OP started around 1970.
The trade balance has pretty much no measurable affect on jobs or earnings.
>>79787361
the jews own the politicians and the people are too stupid to do anything about this
>>79787566
I don't know but it definitely wasn't this.
>>79787361
kikes abusing free market rules.
china/mexico/vietnam/taiwan have no minimum wages and we do.
>>79787808
Reagan was a globalist
He only did a few good things (increased defense spending, ran a deficit) most of what he did was shit.
>>79787871
wages are lowered by outsourcing and the flood of cheap labor from Mexico
>>79787361
Hart-Celler Act of 1965 and Taiwan Relations Act of 1979. Who knew opening the country to cheap third world labor and opening the country to cheap third world products would put downward pressure on the wages of those who labor to make cheap products?
>>79788046
>wages are lowered by outsourcing and the flood of cheap labor from Mexico
That didn't answer my question.
>>79787361
the problem is wages are growing much faster than productivity in many industries. this is just food services as an example. this is wages over productivity.
you get massive productivity with computers and electronics while jamal at mcdonalds is demanding even more money when his productivity already cannot stay on pace with wages.
>>79787938
that's the trade balance with China which didn't fully come into the WTO until the mid 90s thanks to Clinton and NAFTA
>>79787501
>Also, rich dismantle schools so they churn out...
That's done by government. Nobody is a stronger defender of the current public school system than Democrats because teacher's unions pay them big bucks to do so.
>>79788155
So what does it have to do with jobs or compensation?
>>79787361
>when you pay someone in mexico or china $1/h and charge for the finished product like you payed $10/h
>>79788107
because you will just get replaced by cheap 3d world labor or have your job outsourced
There a reason America had protectionist policies from 1790-1970
https://en.wikipedia.org/wiki/American_School_(economics)
It's because we weren't godless globalists.
>>79788107
the cuckservatives are tricked into hating organized labor. they vote against higher wages for themselves.
> /pol/ is against getting paid slightly more
I'll never understand some of you guys.
>>79788272
less jobs
and lower real wages
how is that hard to understand?
http://www.usnews.com/news/blogs/data-mine/2014/12/11/outsourcing-to-china-cost-us-32-million-jobs-since-2001
Women entering the workforce.
>>79787806
And OP's chart factors all industries into one graph regardless of which ones saw an increase in productivity and which did not, making it complete and utter bullshit.
What's your point? The Heritage graph demonstrates at least one sector (of many) which has traced perfectly with productivity.
>>79788646
I'm OP and I think the chart is a fucking travesty and literally want to know why people are not being killed over this shit right now.
I also don't even understand it either, I've yet to have a satisfactory explanation for the stagnation in real wages beyond "the rich, dude"
>>79787811
Wow, people ready to retire have more money saved up... really makes you think
>about putting Bernie voters in concentration camps
>>79788372
>payed
paid
>>79787361
That's what you get for importing millions of workers to lower the value of labour
>>79787598
The US trade deficit is about 3% of our GDP, you ignorant fuck.
I will not be replying to any more of your posts. You have not earned the right to discuss economics. Try again next thread.
>>79788914
are you this bad at reading graphs?
net worth of all age groups has decreased
>Bernie voters
You're the one arguing for mass immigration and outsourcing here, friend that makes you either a #hillshill or a #feelthejohnson
>>79788004
Correlation/Causation, read a fucking textbook and come back next thread you fucking kindergartner
>>79787637
jewdeu pls
>>79788449
Because "higher wages" mean a whole lot when prices also rise.
Fucking retards.
https://www.youtube.com/watch?v=dTrzVWBW98E
https://www.youtube.com/watch?v=c9STBcacDIM
>>79788213
>implying there's any real difference between rethuglicans and democucks
They're both bought and owned by the elite. Stop falling for the identity politics game they play
>>79787811
>Employees being paid in forms other than wages don't count! Capitalism is evil!
>>79789227
>read a fucking textbook
Any in particular?
>>79787566
That kike-puppet Reagan fucking up the entire world for his sweaty Jew master, Kissinger
>>79789316
Very good goy, you all should take a pay cut so the cost of living goes down! It's for your own good after all!
>>79789132
>only a few percent of GDP
That's incredibly asinine
The trade deficit is hundreds of billions of dollars a year costing the US millions of jobs.
>>79789497
good luck increasing demand in an economy when you a large chunk of your salaryis going to pay outrageously inflated health care prices and can't pay for anything else
non wages don't pay your rent
>>79789717
meant to post this graph on how health care prices are increasing far beyond the inflation rate.
>>79789681
Producer of a few goods, consumer of a thousand. Nobody owes me, you, or anyone else shit - we all want lower prices because that means our money is worth more. You want only your wages to rise and only other people's prices to rise in regard to the good(s) you produce because you're a malevolent retard.
>>79789497
>gooood goyim, you don't need money, that would give you financial independence!
>we'll just throw you a few bones in terms of benefits, and maybe even some stock options to boot. What's that you say? You don't want or need this dental coverage? You'd rather just be paid for your labour instead? Well that's too bad, goyim, we're only giving benefits now, I hope you enjoy your economic slavery. Don't forget to vote democrat or republican in the next election - either way I win!
>>79789681
why anyone would think that globalist jews have you economic interest at heart is beyond me
>>79787421
Neither does a shovel of a trailer tractor.
But when they were invented the workers that were able to use them increased there productivity and wages immensely.
Basic free market economics says marginal product of labor = prevailing wage of that worker.
>>79789839
This materialist, consumer culture is cancer. You don't need any of that cheap shit from China, you don't need the latest flat-screen, and you sure as hell don't fucking need the latest iPhone. I shouldn't be paid less so YOU can pay less for cheap shit you don't need. If you want to pay a lot of a money for some junk, that's your perogative, but don't fuck with my wages because you assume everyone is a mouthbreathing, materialist retard like yourself
>>79789839
>>79789316
>you should have the same standard of living as an impoverished east asian because my god of the free market tells me so
fucking neolibs and globalists.
>>79789717
>good luck increasing demand in an economy when you a large chunk of your salaryis going to pay outrageously inflated health care prices and can't pay for anything else
>money spent on health care just fucking disappears into the ether.
>>79787808
Reagan was tricked into it and he regretted it afterwards
They made all sorts of promises like border walls, more enforcement, etc
It wasn't supposed to be a blanket amnesty either
Just goes to show that you can never compromise with liberals, all of them are liars
are you guys telling me that Occupy Wall Street were actually right and that the kikes are indeed behind it all?
>>79787361
People literally beg for it.
It's call mass immigration
>>79789866
>It's the Jewish scheme that the government either requires or doesn't tax corporate health plans.
Do you honestly believe companies _want_ to pay insurance providers instead of their employees?
>>79790084
I want a better standard of living for people. Cheaper goods and services are something everyone wants, because it means the work they do becomes more valuable and gets them more for less.
You're quite literally arguing for people to suffer - and for what, exactly? Your ego?
>>79790265
>h-h-he was tricked!
>there's no way that this lying, globalist sack of shit just did what his jewish masters told him to in kicking off the new globalist order
Stop defending Dementia: the President. He was probably the worst president in all of American history.
>>79790088
You have a higher standard of living when the goods you buy have a lower price as a matter of fact, retard-kun~
>>79790481
This post is why I love /pol/
>>79790128
>healthcare
no it mainly goes into the parasitical FIRE sector (finance, insurance, and real estate) that produces nothing besides debt, cheap credit and ridiculous prices fueled solely by the government policies of bailing out wall street and fueling debt leveraging
It doesn't help the real productive economy at all.
http://www.unz.com/mwhitney/the-chart-that-explains-everything/
I suggest reading this article
or listening to this video
https://www.youtube.com/watch?v=uEr0GQ7TZY4
tl'dr putting money into the black hole of the financial sector just removes money from the circular flow of income, depressing production and wages.
>>79787361
Globalised capitalism (neoliberalism) has entrenched itself
>>79790516
>when you have no job or money because all the jobs are in China/and or have been flooded by cheap Mexican labor you win
are you Justin Trudeau?
>>79790414
Yes, because it's all one big racket. Health insurance companies are the most corrupt, sleaziest, most dishonest in the world. You think their CEOs and the CEOs of multinationals don't laugh at us plebs at their local Governor's gala?
>>79790446
I want cheaper vital goods and services. I want jobs for my people. I would rather retards like you pay more for an iPhone constructed here (because you'll inevitably do so) than one in China. People don't need 80% of the material goods they waste their money on, things would be a million times better if people went back to valuing the basics; the outdoors, food preparation, quality time with friends. Instead, autists like yourself think the ultimate goal of a civilized society is to buy the latest crap for as cheap as possible, and damned be the consequences of putting your fellow countryman out of work, of corrupting your government, of becoming reliant on foreign powers.
>>79790930
Because cheaper goods means you don't have a job. Yeah. Brilliant.
https://www.youtube.com/watch?v=dTrzVWBW98E
https://www.youtube.com/watch?v=c9STBcacDIM
>>79791003
If everyone engaged in your thinking, the end result would be a complete loss in real wealth for every single person who isn't a government employee.
https://www.youtube.com/watch?v=dTrzVWBW98E
Deadweight loss in regard to every good that's not most competitive domestically.
>>79791129
yes
All the jobs that would have been in the US are now in China, resulting in low demand for labor and as a result low wages. People with low wages in the US results in low demand resulting in even lower wages, and lower demand, and so on and so forth.
It's not a difficult concept unless you have your head up your ass.
>>79789925
I never understood this meme. Rand denounced Judaism before she even came to America and certainly wasn't in support of globalism.
>>79791488
>low wages
Delusion.
https://www.youtube.com/watch?v=c9STBcacDIM
Keep being completely wrong and mad at the world for how shitty you think your pathetic life is until you're 5-feet under retard-chan.
>>79791563
>le judaism is just a religion maymay
the jew's subversive behavior is genetic. Even people like Bill Maher, who didn't find out they were part jewish until they had grown up, still exhibit the stereotypically subversive traits of jews.
>>79791288
>Deadweight
this is what libertarians consider anyone who is paid over a few cents an hour
>>79791563
>Jews are just a religion, goy
kek
>wasn't in support of globalism
she certainly was to the extent she wanted to abolish all relevant national economic policy
>>79791739
yes low wages, it's exactly what is currently happening in the US especially relative to the inflation in asset prices and consumer debt.
you can live in denial all you what but everyone sees it which is why the voting blocs are so against establishment neolibs like you these days
Honestly you should just vote Shillary she has all the same policies as libertarians at this point, outsourcing, mass immigration, what's to not like?
>>79791984
>yes low wages, it's exactly what is currently happening in the US
Except it's not, and employment is high.
Just end yourself senpai - rid us of a shit-gene'd parasitic retard from the gene pool. You might end up raping a girl - the risk you might breed is far too great to tolerate.
>>79791288
>the end result would be a complete loss in real wealth for every single person
?
People in the west would be vastly better off without treasonous marxists determining policies
We gain nothing but exporting our industrial base
We gain nothing by importing foreigners
We gain nothing by treating basic necessities as speculatory investments
>>79792661
>We gain nothing but exporting our industrial base
We do when other people will do it cheaper than we will and we can do other things that are worth more. There's something called "comparative advantage" in this world.
https://www.youtube.com/watch?v=c9STBcacDIM
>>79787598
b-but t-trump is racist!
I don't know who to listen to
the Jewy kike libertarians who want to crush my wages, give tax breaks to CEOs and invite the third world in
or the Jewy marxoid socialists who want to ruin businesses with high taxes, crash the economy and invite the third world in
>>79792931
I'm for whoever limit third world immigration/adoption to females only.
When do you think the riots will come? Obviously minimum wage increases are going to be slight, and most retards on this board are against it. At this rate shits going to get disturbing (more so) if cost of living and inflation keeps going... which it has no reason not to.
>>79792401
>employment is high.
debt is high and wages are low
http://www.usnews.com/news/articles/2015/09/16/poverty-wages-remain-stagnant-despite-economic-recovery
>Just end yourself senpai - rid us of a shit-gene'd parasitic retard from the gene pool. You might end up raping a girl - the risk you might breed is far too great to tolerate.
Are you sure you're not a leftist? This is exactly what someone defending Obama's globalist policies would say almost to the letter.
>>79792931
they want high taxes for labor and production and low taxes for wall street and other parasitical financial sectors whose only "contribution" to the economy is debt and flooding the market with cheap credit all while they loobby for decreased regulation of the banking sector so they can make as many bad loans as they please.
that's the one factor you seem to be confused on
they are shifting the tax burden to the productive working class and away from the oligarchical elite. Libertarians support this under "muh low taxes" and especially "muh flat taxes"
>>79791748
Ok pal
>>79793204
>females only
non white females create non white males
you should have learned from the Spaniards and Portuguese when they failed to wipe out the Indios.
>>79787501
Dam you are stupid the rich want more educated people
>>79793353
Ashkenazi jews are genetically distinct from all other ethnicities
this isn't even up for debate.
http://www.the-scientist.com/?articles.view/articleNo/37821/title/Genetic-Roots-of-the-Ashkenazi-Jews/
they are also genetically predisposed to mental illness
http://www.haaretz.com/israel-news/.premium-1.560128
(((productivity index)))
somewhere someone is arguing that GDP is wealth
>>79787361
wages+benefits
/thread
>>79787361
Productivity means technology, not better workers, faggot.
>>79793569
And there is proof of subversive behavior being genetic?
>>79793439
>rich want more educated people
then why are they flooding the educated white 1st world with retarded non whites?
>>79793329
Whose "debt"? You mean the nanny-state you desperately want to pay for your worthless life by stealing from better people than you? Or your own retard-debt you brought on yourself because you're a nigger who lives in abject poverty and thought maxing a credit card was "free money"? Perhaps both?
I'm getting paid more every year - you just suck at life, and so do most other roaches like yourself ;)
>>79793680
I wasn't arguing that that was another anon
I'm just arguing that judaism is more than religion
>>79793398
Nah, christianity is to be blamed.
https://en.wikipedia.org/wiki/Sublimis_Deus
Sublimis Deus [English: The sublime God[1]] (erroneously cited as Sublimus Dei) is a papal bull promulgated by Pope Paul III on June 2, 1537, which forbids the enslavement of the indigenous peoples of the Americas (called Indians of the West and the South) and all other people.[2] It follows the decree issued by Charles I of Spain in 1530 in which the King prohibited the enslavement of Indians.[3]
In Sublimis Deus, Paul III unequivocally declares the indigenous peoples of the Americas to be rational beings with souls, denouncing any idea to the contrary as directly inspired by the "enemy of the human race" (Satan). He goes on to condemn their reduction to slavery in the strongest terms, declaring it null and void for any people known as well as any that could be discovered in the future, entitles their right to liberty and property, and concludes with a call for their evangelization.
>>79793735
>Whose "debt"?
consumer debt created by cheap credit policies
>stealing from better people than you
I'm not on wallstreet
>Or your own retard-debt you brought on yourself because
So you're just going to ignore all relevant economic policy since the 70s? Debt has increased because the financial system has pushed for these cheap credit policies and deregulation, mass immigration, etc not because of consumers.
>thought maxing a credit card was "free money"
credit cards aren't even close to the main source of debt in the US, the main source of debt is housing.
>I'm getting paid more every year - you just suck at life
>let them eat cake
see how that works out
>>79794132
>not because of consumers
>private debt
>not consumers
Too dumb to converse with. Please end it. It's for the best. No one will ever speak with you again and they'll be significantly happier for it - especially your own equally shit-gene'd genetic dead-end low IQ parents.
>>79791739
I swear to god I hope you're posting milton friedman ironically.
>>79794448
I swear to God I hope you have a single argument that isn't suffused with empty rhetoric and sentimentalism.
>>79794448
>I swear to god I hope you're posting milton friedman ironically.
Its fucking weird. You can go back and watch Friedman argue with protectionist on youtube for hours. Every thing he promised never came to fruition and the protectionist were right.
It doesn't matter though even after he is proved wrong he is still idolized.
>>79794379
you know what he meant
>>79787361
rleay mk u thnk
>>79794688
>exports are the costs of trade! they are bad!
>We need to import more than we export!
idiots will defend this.
>>79794881
That's literally the goal of trade. To get more value while paying out less. Holy fucking shit it's so difficult to accept there are people as dumb as you out there.
>>79794688
i'm embarrassed just reading your posts
>>79795092
oh shit sic burn bruh
tippity top king of da sheep squad xD
>>79795293
post a picture of yourself
>>79795363
Only if you keep responding m8 ;)
>>79794862
>>79795442
that's what i thought
>>79794379
creating cheap credit, and lowering lending standards is the fault of the banks lobbying for cheap credit as well as the government that supported their policies of cheap credit.
Consumers are the victims in this regard they have no control over banking lending practices. You might as well blame consumers who unknowingly buy products tainted with lead paint from China.
>>79795471
Keep responding ;)
>>79795460
cheap labor= lower wages
how is that so hard to understand?
>>79787637
(((Heritage foundation)))
>>79795527
And people *TOTALLY* aren't responsible for the debt they willingly take on. Nope. Not at all. Not one bit. They're completely absolved of their stupid decisions because "da big bad banks made it 2 tempting xD"
k y s ~
>>79795363
we already know what he looks like
https://www.youtube.com/watch?v=Tb8cErokGFs
>>79794704
Okay, so I admit that neo-liberal asswipe Milton Friedman was wrong, but how do you get that protectionism is right? Have you no sense of history?
https://en.wikipedia.org/wiki/Bretton_Woods_system
You cannot trade outside of your currency without beggaring your neighbor when trade imbalance occurs. You can only fix the imbalance through tariff, or currency manipulation, and that is cheating.
If you want to trade outside your currency, and outside your market, the only choice is globalization.
You can have global currency control, Or you can reject Capitalism.
But you cannot be protectionist and have any foreign trade for long.
>>79795737
In no world is protectionism beneficial to a whole populace. Not any world.
https://www.youtube.com/watch?v=dTrzVWBW98E
>>79795585
Oh I know I just like that picture
>>79788393
This.
>>79795025
>That's literally the goal of trade. To get more value while paying out less. Holy fucking shit it's so difficult to accept there are people as dumb as you out there.
Pretty funny to hear from the nigger quoting a "thinker" so debunked he's the butt of jokes.
Being a net importer doesn't mean you're getting more value than your trading partner. It's the opposite. Being a net importer means you're bleeding money.
>>79789839
Trash.
>>79795641
no they aren't responsible
especially since the majority of bad loans were taken out by the exact same non whites you are flooding the country with
them taking out cheap credit caused by banks relaxing lending standards (along with them flooding the country to begin with) is what is increasing housing prices
no other consumers have a choice when prices go up due to cheap credit you either have to live a low standard of living or go deep into debt
>They're completely absolved of their stupid decisions because "da big bad banks made it 2 tempting xD"
It's basic economics
if you make credit so cheap anyone can get a loan then anyone will take out a loan drastically increasing prices forcing "everyone" to go into debt.
The result in the US and wallstreet was "NINJA" loans No Job No Income No Asset loans where wall street would explicitly lend to minorities with terrible credit and then repackage the debt as Triple A rated and sell it on the market.
https://en.wikipedia.org/wiki/No_Income_No_Asset
This is fraud and would be illegal if you did it in any other industry, but libertarians still defend it.
>>79795737
Fuck of globalist kike.
The American Economic School was used by all western nations to balance the needs of the state and people vs the realities of the global market.
Open borders for trade is treason.
https://en.wikipedia.org/wiki/American_School_(economics)
Notice as soon as this system was phased out the average person got fucked.
Anyone advocating free trade without restriction should be hanged as a traitor.
>>79795737
We are a nation.
>>79795948
The empty rhetoric begins anew from a fresh new angsty abjectly poor retard ;)
>Being a net importer doesn't mean you're getting more value than your trading partner. It's the opposite. Being a net importer means you're bleeding money
You're trading money for goods. You then have *goods* instead of *money*. The other person doesn't want paper - they want *goods and services*. The paper is what they want to acquire to *TRADE* for goods and services. Getting *GOODS AND SERVICES* is the *GOAL* of producers and consumers alike.
s t u p i d
a s
f u c k
d e s s ~
>>79795737
protectionism protects jobs and wages in the country with tariffs ensuring high wages and a high standard of living.
like
>>79796069
said
the US (and Germany) practiced nationalist economics and protectionism which is why the were the most powerful and productive countries in the 20th century economically.
>>79796067
>no they aren't responsible
People aren't responsible for the debts they willingly take on. You heard it hear folks.
Bernie 2020.
Bye retard~
>>79796246
>high standard of living
https://www.youtube.com/watch?v=dTrzVWBW98E
Only for the industry being protected and the government. *EVERYONE* else loses.
>>79796242
>jobs are in another country
>you are now unemployed
>demand for labor is low and now wages are lower
>there is no domestic demand
>rinse and repeat into economic stagnation
bravo, globalism
>>79795825
I wholeheartedly agree, but guess what?
Any kind of social safety net looks exactly like protectionism in the global market.
Do you really think Neo-liberals are baby eating monsters? There is a reason Austerity and the IMF attack Unions, Social welfare, and workers rights, while promoting investor rights and intellectual property: they have drank their Kool-Aid of the Chicago School and Austrian dogma. They really believe that an equilibrium can occur, despite years of being wrong, and petabytes of data showing Keynesian economics, with its heavy government hand, is the only way it works.
After WW2 we went through this and made laws that worked, and Friedman and his crew of bastard Neo-liberals bought the Republican party and we got Nixon unilaterally throwing those rules out. Then they bought the Democrats and we had Clinton throw out the rest.
The solution is to go back to those rules.
Not throw out the baby with the bathwater and adopt the Laissez-faire policies of the 1800s or the protectionist isolationist policies of the early 1900 that led to war.
>>79790747
You're stupid and you should feel stupid.
>>79794704
What about the miracle in Chile? Free trade worked out there pretty well. Poverty rate from 60% to 9%.
>>79796585
I want all "social safety nets" insofar as they're instituted by government abolished. If you thought that was a "bullet" I'd have to bite, lel.
>>79796328
>People aren't responsible for the debts
The banking system/wall street is responsible for lobbying for cheap credit
>>79796407
Everyone in the economy benefits from higher wages because the employee now has more money and can buy more goods and services
lower wages and less jobs result in less demand meaning consumers have less money to buy goods and services in the economy.
The amount of money and jobs being drained from the economy is shown in the "trade deficit"
>>79796599
classic autistic libertarian projection
>>79793710
You think most rich people want that?
They're mostly apathetic because of being insulated in their communities, but a few are starting to wake up to the threat.
>>79796743
>people aren't responsible for their debts
dawg im jus gona let u speek 4 yorself dawg
u a giga-nigga
I'm out. Goodnight retards - hopefully you never wake up~
>>79795737
fuck you globalist kike nigger
>>79795737
Ever since the Great War and esp. Shoah, (((fear))) is the great motive of every single policy, pseudoscience, intervention, and propaganda piece Europe and U.S. have subscribed to and invented. You are unwittingly parroting thar very same fakery. Let me guess, anon- are you a Harvard man?
>>79796069
You can go through life as someone else's fuck toy, and eat their shitty narrative for breakfast and believe, or you can pull your head out of your frozen ass and look at the world.
The world has spoken. Real the wiki, see the prosperity and stable banks after ww2, then look what happens after Nixon throws out Bretton Woods, and Reagan and Clinton deregulate.
60% of the GDP of the largest economy in the world is toilet paper speculation, attached to no labor whatsoever. Everything is debt.
Your dogma has raped the world, and now we are going to rape you.
90% taxes on Wall Street speculation by 2020.
>>79796872
>You think most rich people want that?
Yes. The elite class is 100% supportive of outsourcing and mass immigration i.e. globalism
>>79796908
>I can't read but I can shitpost all night
t.globalist
>>79787361
International competition brought about by cheap ocean transportation.
I'm honestly amazed we're in such a good position when it comes to wages, when you consider the wages of the Chinese, Indians, and Mexicans we're competing against.
I guess it does put the lie to people of different races being interchangeable though.
>>79796908
People aren't responsible for bad government policy that results in cheap credit and inflated asset prices.
>>79796069
Thank you, anon.
>>79797192
I think you're overestimating the skill of foreign work forces and underestimating the american work force. And that's not saying much. But it still means something.
>>79796983
what does that have to do with protectionism you ranting moron?
Nixon ending the gold window has nothing to do with protectionism or wall street deregulation. It's an entirely separate issue.
>>79787544
keep changing 1st world prices and paying 3d world wages, see how that goes retard. The fact is productivity always increased wages in till the last 30 years (of immigration)
>>79787361
Because we have a free market where companies are not compelled to increase wages. I don't think companies should be required to do so, honestly. I think it's pretty shitty that this has happened and I think any good company should really increase wages with inflation at least (and the minimum wage should rise with inflation so, if it's $7.25/h now, and inflation (per CPI) is 2%, minimum would be $7.40/h the following year).
>>79796246
But GB could force its colonies to put their money in GB banks, and Hilter could force Axis nations to buy german goods, and the US had all the gold, so they had the ability to address trade imbalance without harm, but guess what? Twice last century, the trade imbalance ended in war. Do you really thing the wars were caused by politics?
Globalization isn't a plot; it is the only way to insure a trade imbalance doesn't beggar your neighbor through currency wars or tariffs. The answer is to build factories in the debtor country, or donate money to their infrastructure JUST LIKE THE MASHALL PLAN.
The problem with people on this board is that you know nothing of history, and settle for the Magical Thinking of Gamers playing Sim City.
Dumbass. You cannot unstir the cream from a cup of coffee. You cannot end globalization because it is the only thing that allows for trade, and you can't protect your markets because you will be eaten alive by the next superpower that takes over.
There may not be an answer except to get rid of capitalism, but protectionism has proven not to work.
>>79796854
I don't agree with libertarians but forced empathy isn't empathy its pure crap.
>>79796737
The purpose of the government is the welfare and protection of the people, not the promotion of capitalism.
So you are a traitor and should be hanged. What do I care what you want.
>>79797555
Globalization isn't a plot...
Psshhhtttt
>>79796978
No. Just someone who learned to read, and not parrot what my masters say.
You should try it sometime, if you ever get his sperm out of your eye.
>>79797813
Oh, so all these "cultures" are going to respect "the rules"?
>>79796983
You don't understand the financial services industry. Are you one of those people that thinks that any company that does not produce a tangible product is based on nothing (often called a house of cards by those pseudointellectuals bitching about the banks this and the banks that)? Because if so, you should learn about the value of services. That is what the Wall Street (the investment banking arms of the banks) provides. Whether it is helping companies complete transactions (a company wants to buy another company, a company wants to issue debt or go public (issue equity), etc.) and making markets (buying and selling securities, ideally at a profit, so that there is liquidity in the market).
> Your dogma has raped the world, and now we are going to rape you.
90% taxes on Wall Street speculation by 2020.
Doubt it. Also, the only dogma is that horse shit that people like Bernie Sanders like to propagate about the banks being the bad guys because it's more difficult to actually learn economics/finance.
>>79797359
Someone didn't ever crack a book..
Nixon decoupled the currency from gold allowing the VOLUME of speculation to increase.
Speculation money is not real money, but they use the same currency. Now any bank can increase the money supply, and promise what couldn't be delivered before.
Neo-liberal call it liquidity; the rest of us call it debt.
The banks control inflation, and there is no way to pay it off because productivity can never catch up.
Everything else that has come after it: hedge funds, Glass–Steagall repeal, the Black–Scholes lie, all have been to compensate for a system that has been slowly crashing ever since.
>>79787361
Is anyone here even capable of figuring out that production per capita did not double between 1975 and 2005?
Do you believe anything someone drops in a graph?
Did you notice twice as many houses being made (relative to population) and costing half as much? Did you notice twice as many domestic cars being made? Et cetera.
What really happened is that the "productivity" figure is based on GDP, which went up when women moved into the workforce, as such as a stay-at-home mother taking care of kids does not get counted by GDP but a daycare worker does.
>>79797555
>But GB could force its colonies to put their money
The colonies bought British goods, it was effectively a subsidy for British industry much like the EU is currently a subsidy for German industry
>Hilter could force Axis nations to buy german goods,
Germany was an economic great power decades prior to Hitler and before WW2 when Hitler actually had lots of territory
>so they had the ability to address trade imbalance without harm
Every country can address trade balance without harm. The only "harm" of tariffs is more production and higher wages in your economy.
>Twice last century, the trade imbalance ended in war.
That's hilariously simplistic. Wars are caused by numerous factors with "trade" being next to irrelevant.
>Do you really thing the wars were caused by politics
Oh you're so right. Clearly the Mongol Conquest of Eurasia was caused because of his Genghis Khan's tax plan
>it is the only way to insure a trade imbalance doesn't beggar your neighbor through currency wars or tariffs
Globalization doesn't stop trade deficits
>The answer is to build factories in the debtor country, or donate money to their infrastructure JUST LIKE THE MASHALL PLAN.
The Marshall Plan was a military strategy against communism first and foremost.
>know nothing of history
>globalization is the only thing that allows for trade
Sounds like you have no idea what you're talking about. There was global trade prior to globalization, it just so happened you could still act in your countries self inters.
>you can't protect your markets because you will be eaten alive by the next superpower that takes over
It's actually the exact opposite
with globalization you get eaten up by economic superpowers
>There may not be an answer except to get rid of capitalism
Oh kek you're a communist this whole conversations was pointless.
>>79798148
MY FUCKING SIDES!!! AHAHAHAHA
SERVICES he says!!!!
YOU don't understand finances you per-pubescent Fuck wad.
The entire financial industry's combined service of providing liquidity could be replaced with one Government Projects Bank, and a healthy dose of taxes.
Fire every goddamn one of you State Capitalist Welfare puckes! Your entire living is not distinguishable from that of a parasite.
>>79798439
you have no idea what you're talking about
Nixon just ended the gold window and switched the dollar to a free floating currency allowing for the US to have full control over the dollar.
This is the exact opposite of what neoliberals want, they want a "fixed" supply of money that results in endless debt, similar to the system the EU has set up.
>>79787361
What was going on in the late 1970s?
Oh yeah, the Vietnam war.
>tons of kids sent off to fight and die in Vietnam
>many more were scared into leaving the US or enrolling in uni
>labor participation rates dropped, many more women were working than before
>women are worse at their jobs or don't have as many skills (they didn't need to work before, so they never cultivated skills)
>they get paid less, which drives down wages in general
>meanwhile, tons of young men are in uni
>work part time which can cover tuition
>drive tuition up due to sudden increased demand
>end up getting useless degrees because they didn't think they needed college
>some stay in school to be professors
>drives up tuition even more
>some leave school and try to get jobs
>since tons of kids have diplomas, this decreases the value of a diploma and many can only get shitty entry level jobs even with a degree
>paid low wages because everyone has a degree and there is no benefit to having one when you're hiring entry level desk jockeys
>suddenly troops are coming home
>can't work because mentally fucked up, or transition poorly to civilian life
>jaded and broken, they have a hard time finding honest work as the workplace is now full of women and men with degrees who work for peanuts
>>79798822
>a healthy dose of taxes
>wants high taxes
weren't you just whining about neoliberalism?
>one Government Projects Bank
Germany had a national banking system prior to the end of WW2 yet you were whining about nationalism 10 seconds ago. And then you were whining about Nixon ending the gold window when there's no reason at all to keep it aside from tradition. And now you're bitching about speculation as if the central bank (which you want) can't control the value of the currency.
Communists are so contradictory.
>>79798670
You talk in 'could have beens' and I talk in actual outcomes. Trade imbalance causes countries to act in a way to cheat those who are out of balance, through currency manipulation, or through tariffs.
It is saying, "sure I'll pay you back, but with half of what I owe."
It caused two world wars.
It is causing China to increase its military now!
It is causing Corporations to make backroom deals like the TPP where countries have no soverienty.
It is the cause of BREXIT because free trade requires labor that can move.
I am not arguing for Globalization. I am just saying that Protectionism has PROVEN to fail, over and over again!!
You want PROTECTIONISM?
Move to fucking NORTH KOREA!
What I am saying is that Capitalism is dying, and only democratic governmental control has any possibility of fixing this.
So you can choose a fair Globalization, Or you can choose war.
>>79787938
https://en.wikipedia.org/wiki/Immigration_and_Nationality_Act_of_1965
Who globalism here?
>>79789951
>Basic free market economics says marginal product of labor = prevailing wage of that worker.
kek, what shit-tier canadian university taught you this?
>>79789569
The one that confirms what he thinks
>>79799447
you are absolutely retarded
You can sleep next to your pet but you can't sleep next to a rabid dog. It's a gentlemen's agreement to not smash your skull in when I win a fight with you, not a law of nature. But if you're not a gentleman, then all rules are off.
Free trade between countries is not intrinsically a problem; it's simply a gentlemen's agreement to respect the same rules. The problem is that we respect the rules and others don't. The punishment for transgression is transgression with occasional forgiveness. This is basic iterated PD game theory.
When a thief comes in your home because he broke the agreement to respect property the solution is not to help him load up his car with your goods.
>>79799447
>through currency manipulation, or through tariffs
there is literally nothing wrong with that
>It caused two world wars.
kek
>It is causing China to increase its military now!
That's the dumbest shit I've ever heard. China has a shitzillion dollar surplus.
>It is causing Corporations to make backroom deals like the TPP
Corporations don't care about trade deficits
they just care about removing tariffs
>It is the cause of BREXIT because free trade requires labor that can move.
Now you're just rambling incoherently again
>I am just saying that Protectionism has PROVEN to fail, over and over again!!
No it consistently works
>Move to fucking NORTH KOREA!
Korea has millions of different problems none are related to protectionism. It has more to do with state ownership of the means of production, which as a communist you probably support.
>Capitalism is dying,
there we go with the commie shit again
>So you can choose a fair Globalization, Or you can choose war.
I'd rather choose to remove the Communist faggots and the globalists.
>>79799447
>What I am saying is that Capitalism is dying, and only democratic governmental control has any possibility of fixing this.
That is ironic since it is excessive control and regulation from democratic laws that is killing capitalism by undermining and subverting free markets and the ability of capitalism to function.
