Quote:
Originally posted by SuckerSnagger:

Then came the flat-worlders, led by misguided true believers and promoted by multinational corporations. Do away with those tariffs, they said, because they "restrain trade." Let everything in, and tax nothing. The result has been an explosion of cheap goods coming into our nation, and the loss of millions of good manufacturing jobs and thousands of manufacturing companies. Entire industry sectors have been wiped out................

At the same time, federal policy has been to do the same thing at a national level. Because our so-called "free trade" policies have left us with an over $700 billion annual trade deficit, other countries are sitting on huge piles of the dollars we gave them to buy their stuff (via Wal-Mart and other "low cost" retailers). But we no longer manufacture anything they want to buy with those dollars................

So instead of buying our manufactured goods, they are doing what we used to do with Third World nations - they are buying us, the USA, chunk by chunk. In particular, they want to buy things in America that will continue to produce profits, and then to take those profits overseas where they're invested to make other nations strong. The "things" they're buying are, by and large, corporations, utilities, and natural resources.......................

Back in the pre-Reagan days, American companies made profits that were distributed among Americans. They used their profits to build more factories, or diversify into other businesses. The profits stayed in America.

Today, foreigners awash with our consumer dollars are on a two-decades-long buying spree. The UK's BP bought Amoco for $48 billion - now Amoco's profits go to England. Deutsche Telekom bought VoiceStream Wireless, so their profits go to Germany, which is where most of the profits from Random House, Allied Signal, Chrysler, Doubleday, Cyprus Amax's US Coal Mining Operations, GTE/Sylvania, and Westinghouse's Power Generation profits go as well. Ralston Purina's profits go to Switzerland, along with Gerber's; TransAmerica's profits go to The Netherlands, while John Hancock Insurance's profits go to Canada. Even American Bankers Insurance Group is owned now by Fortis AG in Belgium.

Foreign companies are buying up our water systems, our power generating systems, our mines, and our few remaining factories. All because "flat world" so-called "free trade" policies have turned us from a nation of wealthy producers into a nation of indebted consumers, leaving the world awash in dollars that are most easily used to buy off big chunks of America.
Thanks SS! That about explains it all.

Aunty M, I don't think that most Americans can compete on the world stage when it comes to survival of the fittest. Eating Sea gulls, snails, bugs sticks and leaves, will be easier for some than others in getting use to. eek Especially those people already experienced with 3rd living (countries) that will move here and find the pickings to be easier and better than what they were use to. And once outlaws (road warriors) laugh control the petro, most people will have to learn to make a living without the automobile. mad With early birds getting all the worms, a lot of baby boomers both rich and poor want be able to survive the competition. frown So to assume that making a living is predictable when based on assumptions and experiences that have never been truly tested on a level playing feild with X factors incorporated is inappropriate. I did watch the movie "Soilent Green" eek so maybe the government already has a plan. Just as their was a Katrina hurricane plan. what
_________________________

Whoever undertakes to set himself up as a judge of
Truth and Knowledge is shipwrecked by the laughter
of the gods.

-- Albert Einstein