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View Diary: Owners of the world, unite (271 comments)

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  •  China protects its own interests (11+ / 0-)

    as do most other developed nations.  The US is alone in its insistence on pursuing private gain at the expense of a strong economy and healthy commercial base.

    It is the mark of an educated mind to be able to entertain a thought without accepting it. ~ Aristotle

    by Betty Pinson on Sun May 22, 2011 at 07:46:39 AM PDT

    [ Parent ]

    •  Exactly. (6+ / 0-)

      And that is why I call it piracy not economics.  It's easy to appear like an economic genius when you are selling off your assets.  Then what, move to Dubai?

      In the GOP your status is inversely proportional to your integrity.

      by anothergreenbus on Sun May 22, 2011 at 08:00:59 AM PDT

      [ Parent ]

    •  Good point and towards a solution (0+ / 0-)

      In corporate America greed is the paramount virtue, politics are merely an art form needed to achieve its most effective manifestation.

      To counter act this trend America needs laws on all products and services that account for the true costs of production, including the environmental damage caused in their production and disposal.  

      We need laws like those seen for drug advertising where all the adverse side effects must be spelled out, including the weakening of the US tax base, flow of jobs overseas, cost of technology transfer in terms of national competitiveness, transportation and production and disposal costs in terms of  carbon dioxide produced, health care costs, etc.  Presently, these are just all passed on to the unwary buyer who is too uninformed to make a rational choice among alternatives.

      Ultimately, it is like all choices, they will be made on the values of the consumer and taxpayers.  The critical thing is that the true costs are better accounted for when making those value judgments.

      •  that can't be done at the national level . . but (2+ / 0-)
        Recommended by:
        davej, Thomas Twinnings

        it CAN be done at the INTERNATIONAL level.

        Nation-based solutions no longer are possible, since no nation is free to set its own trade policies anymore--WTO has veto power, legally, by treaty, over any such actions undertaken by any individual nation.

        The solution, then, lies in altering the WTO's terms of trade themselves, by adding consumer, environmental, and safety protections that themselves become part of the international trade regulations, and must be followed by everyone everywhere.

        That effort is known as the "fair trade movement". And it is indeed the only way forward.

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