mathjax

Friday, June 24, 2016

So the Americans aren't the only fed-up antiglobalization people...

This is a warning sign for voters in the USA, and especially the ruling plutocrat class.  The people that started the globalization movement - the people of the British Empire and then the people of the American Empire surrogate - are not benefiting enough from continuing the free and "fair" trade treaties with allies and poorer nations. That's basically the truth, it is hard to stay rich when your work can be done cheaper by cheaper workers in cheaper and cheaper nations.

I am reminded of what Adam Smith stated in  The Wealth of Nations:

“The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order ... ought never to be adopted, till after having been long and carefully examined ... with the most suspicious attention. It comes from an order of men ... who have generally an interest to deceive and even oppress the public”


The people are fed up with losing ground, while corporations reap bigger profits. The businessmen eventually lose to the will of the people This sounds doom for complacency and the status quo.

Yet one more reason why Trump will win.