FTA and the like instruments are all conceived by the Western Powers when they had the economic advantage and could provide a envious lifestyle for their populations such a housing allowance, not having to pay taxes and dodging tax paying, subsidise drug taking and abuse, food and contrception and all kinds of crap that you typical westerner would deem as basics.So they borrowed on cheap money when interest rates were kept artifically low for almost a decade. Now that this nonsence has imploded, it is only right that you get high employment,business failures and collapsed economies. So ,roll with the punches and I hope unemployment in the eurozone and the US goes up to 70%. The guys who cannot make it in this period will be cleaned out and we have a opprtunity to put things right.
Pinkie, it was only a matter of time before you wrote something to expose your ignorance or prejudice and on this occasion you have accommodated both.
Let's be clear, we need free trade, international trade. It has many benefits, bringing the nations of the world closer together, creating jobs and when governments hold foreign currencies it is effectively holding shares in other nations which is fundamentally a vote of confidence (in theory).
However whilst I believe in free trade, the freedom of movement of goods, people and income, nothing is absolute. We have always had to retain import quotas and tariffs designed to protect domestic employment but these, like border controls for immigrants, have strangely seen abandoned against the express wishes and welfare of populations.
Import tariffs are designed to protect domestic jobs up to a point. They are not designed to be prohibitive but also have strategic importance. They should balance the welfare of a domestic population with the aspirations of developing countries. They should reward friends and deny adversaries.
In the past the most successful international business model was Japan. The Japanese built factories overseas and domestic populations manufactured their goods which actually created jobs. But today, the focus is on areas of cheap sweat shop labour with no controls or costs for anti-pollution, training and development, quality control, local taxes, pensions etc is profitable if politicians are dumb enough or greedy enough to play ball.
Free Trade, sounds good, just like multiculturalism eh?
For the doubters, our chinless wonders have found the b@lls to quietly enact increasingly harsh sanctions which include imprisonment for what was hitherto freedom of speech. Why, because they are unchallenged.
Today the world has been consumed with unrestrained greed and MNCs manipulating our low grade politicians to destroy individual cultures and traditions...to destroy resistance to their pursuit of unimaginable personal prosperity, control and power. In Europe the power brokers are the EU Commissioners, unelected, omni-potent.
In Italy we have an unelected PM installed by EU Commissioners and ECB/IMF who has created a cabinet of technocrats. He, himself (whatever his name is) was an EU Commissioner for 10 years. The next step will be total Federalism, integrating Italy and indeed all peoples into the European landmass or mess. Then, doubtless, a EU-wide civil war will ensue.
If individuals lend money to entrap victims and then coerce and enslave them, its called loan sharking and its a criminal act. If institutions do it, its said to be legal and beneficial to mankind notwithstanding its the very same excessive interest rates which create the "hard" debt.
Where next, Spain, Portugal, Greece? Let's see if there is a reaction from right wing parties unprepared to relinquish their heritage for the greater glory of the global MNC.
Europe represents the greatest global market, largest population on earth. Be sure, when it crashes it will hit you four square and hard. China knows this hence the willingness to buy European debt. And the contagion spreads, all to accommodate the FTA and our domestic unemployment rises, reaching +40% in PIIGS....... Look out France, your next!
And you really must work on your prejudices pinkie. Either counseling or education....
