I forwarded the Counterpunch article to a couple of people this morning with this comment:
> Not good news for the younger generation. Or anybody else. > > But this was fostered by a US surplus of workers — i.e. this sort of policy > could not have been adopted unless workers’ interests were politically > already weak. In other words, Reagan couldn’t have done what he did unless > workers’ interests no longer counted. And that was because workers were (and > are) a commodity in surplus supply. I might add that president Clinton stuffed NAFTA down the necks of Labor because of the same weakness. And Clinton became president because Perot, with his “great sucking sound” as jobs went south, split the right wing vote and let Clinton slide in with well less than half of the votes. Now Obama will have TPP. Gene > On Oct 30, 2015, at 5:17 PM, Charlie <[email protected]> wrote: > > "The scarcity of jobs and the low pay are direct consequences of jobs > offshoring." Give Roberts credit for a plain, forceful sentence that > says what has been said ten thousand times before. But it is not > accurate, as the time series in the same article show. The great fall > and stagnation of income for the majority began in 1973, long before the > export of jobs became significant around 1990. > > If there had been no job offshoring at all, the great majority would > still have suffered falling earnings. Modern globalization added to the > misery - and was made possible and kickstarted by the same forces that > turned relative U.S. prosperity into stagnation and decline. See my > latest book for the extended argument: The Hollow Colossus, > http://www.hollowcolossus.com > > Roberts believes that U.S. capitalism can be revived and reinvigorated > by returning to "real" accumulation instead of financialization and the > rents of globalization. It cannot. > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
