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View Diary: The goal IS to reduce the standard of living (386 comments)

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    diary and I don't think the idea is to lift up or maintain the American economy.

    The idea is to create a truly global economy where every countries standard of living is roughly the same. This change can only occur by lowering our standard of living and lifting up everyone else's.

    The entire premise behind free trade is that everyone can trade equally on equal grounds, therefore the requirements in these trade agreements are paramount; the standards that we set for everyone else to comply with will be eventually the standards that we are forced to accept.

    It is also important to keep taxes low for the middle class so that they can maintain their standard of living and even with low taxes inflation, high energy prices, a housing crash or anything else could trigger a crash in our economy while we adjust to the new global structure.

    Jerome is right in many respects and the next few years will be interesting to see if the business class can bring us down gently or if there will be a crash, but make no mistake the prospects for the middle class in the short term are not going to get better.

    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without." Dwight D. Eisenhower

    by RichardG on Thu Oct 13, 2005 at 09:03:19 AM PDT

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