http://yaleglobal.yale.edu/display.article?id=9482
"Corporations have long insisted that globalization delivers prosperity. But a report commissioned by the Financial Services Forum, an association of CEOs of 20 major financial firms, admits that most benefits have gone to a select few. International operations increasingly account for most sales and business conducted by multinational firms, writes David Wessel for the Wall Street Journal. But workers in developed nations have increasing job insecurity. If benefits bypass ordinary workers, resentment could prompt US legislators to restrict international trade. A huge income gap is unnecessary for the US: The report recommends higher taxes for those gaining the most from globalization, protecting the tax base in communities facing factory closures, and a guarantee of health care and training opportunities for all workers.
The association warns that growing inequality threatens overall US prosperity and released the report to candidates for the 2008 US presidential election. But the warning may be too late, with politicians chasing after votes and surveys reporting that more than two-thirds of Americans anticipate that their children’s lives will be worse off than their own. – YaleGlobal"
What do you think?
Bigg, I disagree, because with protectionist policies labor has bigger negotiating clout for wages and benefits.
It’s already known that our standard of living is going down. Taxing the top would not help, because these corporation seem to be moving away too. Countries like Dubai and Bermuda is benefitting from this.
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It’s already known that our standard of living is going down. Taxing the top would not help, because these corporation seem to be moving away too. Countries like Dubai and Bermuda is benefitting from this.
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I think the playing field needs to be leveled and that all of these idiots looking for a way to drop the USA need to get the hell out of our world! Globilization is a nasty thing and those who don’t fear it: should!
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The Power Brokers will not rest until the US Middle Class is extinct.
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CF
I think this question highlights a major misconception that many people have about free trade.
By far, most CEOs and corporations do not like free trade. In fact, they hate it. They hate competition and will do anything they can to stop it.
What they love are policies that limit competition and free trade. Erecting trade barriers is basically a government handout for corporations. No longer do they have to offer the best services, products or prices to make a profit. The profit this gives them comes directly out of consumers in the form of higher priced, lower quality products.
On the other hand, it is economists, i.e. people who aren’t looking to serve themselves like a CEO, who favor free trade.
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