I’m opposed to trading away the best interests of USA wage earners
why not if it is in the best interests of American consumers?? Workers over consumers is right out of Marx only you lack the IQ to know that you've been brainwashed by the worst economist in history who killed 120 million.
Stalin killed the 120 million including Marx! That being said the soviet union collapses for a reason!! Some of it was lack of incentive by the worker under the system. Some of it was due to horrid and rampant corruption in the government! Profit over all is also not a way for long term prosperity either this allows for corruption to take over as being seen in the US today. We do not have a free market economy here either!! The overly wealthy use their wealth to stamp out true competition in the form of regulation, permits, construction qualifications, and other various means of holding an advantage by manipulating politicians with campaign contributions. Just as in chemistry there must be a balance between workers and the need for profit in order to obtain long term prosperity. Unfortunately not even having the best product at the best price insures profitability. There have been many examples of inferior products killing superior products over the years by just being able to market the product better. Truth in advertising laws need to be put back in place. People do not buy with logic in many cases they buy on emotion and whim a good percentage of the time. We need to do away with Citizens United to start with. Corporations are not people too. Large corporations with unlimited access to our elected officials campaign funds is a bad idea. The allows an unfair competitive advantage against smaller companies and the workers. Corporations will be people when they can go to jail or be drafted like the rest of us. We must do away with regulations that prop up companies to an unfair advantage. Also infrastructure is a big key to success of economy. The ability to make and move a good has a large bearing on the goods success. Proper infrastructure must be funded and well planed. One trillion dollars infrastructure spending would be a start. Demanding non existent shovel ready projects and projects that are ready for start in 90 days is idiocy and insane. It is a good way to torch a trillion dollars. We do not want to drive over bridges that are designed ion 90 days. They can not be properly design in that amount of time. We need a long term well thought out plan that not only funds the needed projects but also takes into consideration what projects are most important and do these proects in oder of importance. We also need to take the time to consider the cheapest most effective way of doing the projects with the least amount of damage to the people and buisnesses next to the projects. This takes time. This money should be spent over decades not in the next four years.
Evenflow1969, constructions’ failures or Injuries and deaths directly or indirectly due to constructions that complied with existing legally required construction regulations are not common in the USA. This is much less the case within many places beyond USA’s borders. Legal requirements for construction are not germane to the issue of USA’s chronic annual trade deficits detrimental effects upon our economy.
Similarly, discussions regarding advantages of greater wealth over enterprises and persons of lesser wealth are not are not germane to the issue of USA’s trade deficits detrimental effects upon our economy.
It’s true that wealth's advertising advantage, (i.e the power of wealth to purchase favorable public exposure), or wealth’s powers to exert greater influence upon our elections and all levels of our governments’ regulations and administrations are detrimental to our democracy and to our economy; but they are not germane to the issue of USA’s trade deficits detrimental effects upon our economy.
It’s true that USA failure to maintain and upgrade our infrastructure is detrimental to our economy and a cause of injuries and deaths; but they are not germane to the issue of USA’s trade deficits detrimental effects upon our economy.
Regardless of Edward Baiamonte’s opinion, annual trade deficit’s detriments to their nation’s GDPs are a fact rather than a matter of opinion.
Balance of trade is integral to the expenditure method of calculating GDP. GDP officially referred to within USA’s federal government departments was calculated by the expenditure method. It’s extremely unusual, (i.e. it’s rare) and noteworthy if any other than the expenditure method should ever be employed within any other USA governments, or learned journals, or text books and it’s noteworthy for the different method to be mentioned. The expenditure method is similarly as conventionally employed throughout the world’s communities of statisticians and economists.
Trade deficits detriment to their nation’s GDPs are particularly due to their drag upon their nation’s numbers of jobs. Anything that affects employment opportunities also have some effect upon median wage.
USA products’ quality can be competitive but we’re unable to compete with the prices of productions from lower wage nations.
Respectfully, Supposn