This morning, I was reading a rant on Zerohedge, the well-known economic and bearish stock market blog. I urge you to click on this link, and read it for context.
Clearly, the writer is just another Obama hater, preferring to refer to him as waging a needless "class war" with his soon-to-be announced "Buffett tax", and describing his three years of governance as "crony communism". However, the bashing of Obama entirely misses the point of what's really going on in the world of politics and the economy, and one "small detail" is all but being ignored in most political/economic debates. Sadly, this detail is HUGE and the cause for America's current woes....
All I've gotta say is that neither the Zerohedge writer nor most of the commenters to that blog post get it. The truth about our economic ills does NOT lie at the feet of our first black president who so many love to hate at blogs like Zerohedge. The truth? Our nation's economic sovereignty has been lost to an international plutocracy that runs all of the G20 governments, including ours.
What do I mean by that? Labor has been arbitraged and exploited throughout the world by the multinational corporations, such that it has resulted in 20% effective unemployment here in America. Capitalists and plutocrats who control government have changed the ground rules of the game so that they may seek the lowest production costs anywhere in the world for making products. This is called "free trade" for anyone not paying attention.
The plutocratic and corporate control of governments has gotten so pervasive that even China, a centrally planned society, has fallen prey to the spell and allure of the corporatists. It has infected every major or developing economy globally, and controls our two political parties in America as well as the corporate media. This media has brought about a brainwashed and polarized society here at home that thinks all controversy is "left versus right". In fact, Obama is governing to the right of Richard Nixon, and today's Democratic party is to the right of Nixon's Republican party. It's only the brainwashed fools, such as this Zerohedge author, who thinks Obama has governed for three years as a "crony communist".
Fact is, our wealth inequality is by design and the class war has been waged successfully by the plutocrats who run our government. The Democrats are corporatists as are the Republicans. Obama is a tool of the Plutocracy. Labor in America will never be the same and our median standard of living will continue to dwindle as other developing nations see a lift in their standards of living. I like to call this the "entropy of labor". For those who didn't take physics in high school, or can't remember, this simply means that energy gets dispersed to fill a given space. In this case, the labor "energy" gets spread out throughout the global economy, hurting America's manufacturing base and working class, while helping those in China, Vietnam, India, etc. This is why America has lost its sovereignty as a nation where economics is concerned. Just as Greece, Germany, and other members of the EU have lost their individual sovereignty as nations as long as they try to keep that entity together as a viaable economic model for their continent.
Without nationalism, or the pursuit of national economic interests, globalism will take its place. This is great for the overall global standard of living, but it's hell for America's standard of living, unless the cheap prices at stores like Walmart trump everything else. One good thing, though. Global free trade lowers the threat of future world wars since countries that are interdependent and do business with each other are less likely to wage a hot war against each other. In a nuclear age, that is vitally important. But is it so vital that we should be willing to accept the degradation of our middle class and economic suffering of the masses? Why can't we have safety from future world wars AND a better quality of life for our citizens???
Why does globalism have to result in an ever-widening income inequality in America?
So, getting back to this Zerohedge article, the whining about the Buffett tax by the writer is simply a distraction, as is the ridiculous rant against Obama. Rant against him all you want, I say, and I've done my share. BUT if you do, realize that he is but a pawn in the international chess game being run (and won) by the Plutocrats. It has been "checkmate" for the middle and working classes in America for a long time.