The solution is obvious to those looking at the real problems. Our free market/“free trade” system is no match against state capitalist systems which utilize protectionism and mercantilism. Countries like China and Japan have closed their borders to our goods and services but opened their borders to take our jobs and our living standards. Read more
If the U.S. was attacked in a military war, we would do everything imaginable to defend ourselves as losing a war could ultimately end in the enslavement of ourselves and future generations. History has shown us what happens to losers in a military conflict – the losers work for the benefit of the conquerors under their new ruler’s conditions. Read more
A Call to Act Now!
The World Trade Organization (WTO) Agreement – We must change it or get out!
The North American Free Trade Agreement (NAFTA) – We must change it or get out!
The foreign value added tax (VAT) – We must negate its affects or implement our own VAT! Read more
Our system is inadequate to cope with our needs and problems in changing times. Our economic system is no longer competitive. We cannot compete with China’s wage rates or Japanese technology. The U.S. did okay from 1945 through 1975 when we had no competition and the rest of the world was prostrate, recovering from the destruction of World War II. Read more
An active industrial policy geared towards recovering our manufacturing capability can and has worked. There are many examples from US history championed by both sides of the aisle. In fact, tariffs effectively built the wealth of this country and have been a very valuable tool for managing growth for the better part of 200 years. We should not strive to return to colonial “subject” status with respect to today’s new economic imperialists in Japan, China, Germany, the United Kingdom, the Netherlands, or Mexico. Read more
Growth in GDP is no longer an accurate test of our domestic health. Given the predominance now of foreign owned industry in this country, benefits in terms of GDP are largely accruing to parent companies overseas. Tax cuts put money into consumer’s hands that is largely spent on goods that are either imported or produced in this country by a foreign owned company. This is why the faster GDP appears to grow, the greater the burgeoning trade deficit swells. Trillions of dollars of foreign goods clog the docks of our port cities battling to find a home on American consumer shelves. In an ultimate symbol of irony, consider the dollars spent on imported Chinese produced flags and symbols of patriotism following the attacks on September 11th, 2001. Read more
