"America's productivity revival may be nothing more than a
transition from one way of doing business to another, a change in
operating systems"--Stephen Roach, EconomistI simply can
not stop accusing the Free Market for our societal predicament. This
Free Market ideology is so embedded into our social and economic
infrastructure that we are unable to discern the fact that it is the
culprit of division among people and countries, it is the culprit of
wars, it is the culprit of poverty. When you dig just a little bit
deeper we find it is greed that feeds this Free Market ideology. It
then becomes clear that the Free Market breaks down the rules of law
as attested by the American unilateral foreign policies. When I read
the stories of ongoing corruption in the justice system in
Saskatchewan, Manitoba and Canada, I wonder if this greed of the
Free Market is the same greed which motivates some members of our
justice system to deliberately put the wrong people in prison.
American capitalism as a Free Market system to enhance the
freedom of people is a BIG LIE and that is why the free marketeers
are hypocrites. The New Economic Order preaches the Free Market and
yet the richest countries have provided US$320 billion in
agricultural subsidies last year while dumping the poorer countries
with their supposed cheap staples. Now one billion people live with
$1 or less per day and we can only think how the lives of these poor
people would improve if these $320 billion had been allocated to the
poorer countries to help themselves.
President Bush slapped a tariff against the import of steel to
protect the domestic steel industry; and as a consequence the United
States has been found guilty of unfair trade practices and the World
Trade Organization (WTO) has authorized retaliatory tariffs of $2.3
billion by Europe unless president Bush removes the steel tariff.
The United States is experiencing a trade deficit of about $130
billion per year with China and as a consequence the Bush
administration first demanded that China re-evaluate the yuan
against the dollar, then accused China of stealing manufacturing
jobs from America, and now has accused China for dumping brassieres
into the American market. Now we must all understand that the
American economy is driven by the doctrine of the Free Market and
the so called gospel of productivity increases (ever bigger GDP per
unit of labour time). Wouldn't you think that all these American
problems are a reflection of the lie of the Free Market and the
fallacy of the productivity mantra? Let me point out that in this
Free Market the Chinese wages are about 14 times lower than the
American wages.
In the name of the Free Market president Bush has waged a never
ending war in Iraq at a cost of hundreds of billion dollars for the
next few years. I feel baffled when I watch the CNN News and I hear
some American soldiers saying "I am doing my job [I am paid for]"
while their fellow soldiers and civilians continue to be killed in
vain. This is another extreme example of the fallacy of the
productivity mantra: doing the wrong job by waging war rather than
doing the right job by waging peace.
References
Pertinent articles published in Ensign
Roach, Stephen Global: The Productivity Paradox November 30, 2003
New York Times, http://www.morganstanley.com/GEFdata/digests/20031202-tue.html#anchor0
njusticebusters http://www.injusticebusters.com
New York Times The Rigged Trade Game July 20, 2003 http://www.globalpolicy.org/globaliz/econ/2003/0721rigged.htm
Becker, Elizabeth and David E. Sanger President in a Political
Vise Over Steel Tariff Decision (PDF)
December 2, 2003 New York Times, http://www.nytimes.com/2003/12/02/national/02STEE.html
Scherer, Ron US-China trade tensions rise. Cheap imports draw
growing complaints from US companies, prompting Congress and the
White House to weigh new tariffs December 1, 2003 Christian Science
Monitor, http://www.chinastudygroup.org/newsarchive.php?id=3664
Baum, Caroline Bush Gets Double `D' in Handling China Bra Flap
November 20, 2003 Bloomberg, http://www.chinastudygroup.org/newsarchive.php?id=3490 |