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02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]

02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]

02.12 Biggest offshore windfarm to start UK supply this week

02.12 Scientists Are Totally Rethinking Animal Cognition

02.12 Politicians are complicit in the killing of our insects – we will be next

02.11 'People Shouldn't Be Going Bankrupt and Dying': Nationwide Week of Action Aims to Build Mass Movement Behind Medicare for All [Corporate control of government and media must be limited to allow efficient programs for the public good]

02.11 Sen. Chris Murphy to Doubters: Green New Deal 'Absolutely Realistic' and the Kind of Plan Needed to Avert Climate Disaster

02.11 Plummeting insect numbers 'threaten collapse of nature'

02.10 The truth about big oil and climate change

02.09 The potato solution: how the Guardian switched to biodegradable packaging [Non-recyclable products should be illegal]

02.08 Stripping Social Programs Leads to Lower Life Expectancy

02.08 UK's Met Office Warns Global Temperature Could Soar Beyond 1.5°C Threshold Within Five Years

02.08 Australia can meet Paris targets if government doesn't hinder progress, report claims

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02.15 Samantha Bee: Fox News 'soiling themselves over the Green New Deal' [video clips from Samantha Bee, Seth Meyers and Stephen Colbert]

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02.15 Bernie Sanders Wants to Expand Social Security

02.15 Progressives Need to Ignore the Noise and Stay Ambitious

02.15 Jayapal Says Medicare for All Bill Coming in Two Weeks as Expert Calls Plan 'Astonishingly Strong' [Corporate control of government and media must be limited to allow efficient programs for the public good]

02.15 To Be Crystal Clear: 'Medicare for All' Does Not Mean 'Medicare for Some'

02.14 Eugene V. Debs and the Endurance of Socialism [28:59 audio to listen via another window as you browse]

02.14 Pentagon Fears Climate Crisis, w/ Billions in Damage to US Bases & Societal Upheaval [In maniacally twisted capitalist countries inconvenient truths are ignored or harshly ridiculed, and Trump's stupid Wall obsession dominates the news instead.]

02.14 What's more offensive: a racist yearbook photo or structural racism?

02.14 American moms: let's stop feeling guilty and start getting mad

02.13 House Democrats plan vast Russia probe

02.13 What is Democratic Socialism and Does America Need to be “Protected” from Sanders and Ocasio-Cortez ?

02.13 'We Will Be That Lantern on the Shore': Ocasio-Cortez, Pressley Rally With TPS Holders Outside Trump White House [Empathy and fairness are scarce when your President is a psychopath]

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02.13 The Green New Deal offers radical environmental and economic change [For the survival of life on earth, capitalism must be effectively regulated or banned]

02.12 Climate and economic risks 'threaten 2008-style systemic collapse' [Willfull ignorance of Trump, Republicans, corporate-media and corporate-Democrats is steadfast, if not worsening]

02.11 Trump offers socialism for the rich, capitalism for everyone else [and the poor will die out like the insects]

02.10 Green New Deal Targets Link Between Trade Policy and Climate Change

International & Futurism

02.15 Who Is Really A Socialist? [Who is really a Republican, etc.?]

02.15 In Germany, the Green New Deal Actually Works

02.14 House passes bill to end US support for Saudi war in Yemen [Congress does something good again!]

02.14 Millions Flowed From Venezuelan Oil Firm to Small Bulgarian Bank [Transactions like Manafort performed for Trump. Which Venezuelan political leader is likely behind this—Maduro or Trump-supported Guaidó?]

02.13 As Macron Prepares New Repressive Measures, Yellow Vests and Red Unions Strike Together

02.13 Harrison Ford: leaders who deny climate change are 'on the wrong side of history'

02.13 Nationalist strongmen are bent on controlling women’s bodies

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  Print view: Let's Fix America's Rotten Business Plan
OP-ED:

Let’s Fix America’s Rotten Business Plan

by Marc Cherbonnier
Wednesday, 6 October 2010
America’s business plan is totally corrupted to serve off-shoring corporations for maximizing profit and swelling GDP, which now stands for nothing because it is disconnected as a metric measuring national economic health and good jobs.

America’s business plan--its business formula--is totally corrupted to serve off-shoring corporations for maximizing profit and swelling GDP, which now stands for nothing because it is disconnected as a metric measuring national economic health and good jobs. Meanwhile the quality and pay of American jobs is in free-fall, as even high-technology, science and engineering jobs are off-shored. Entire divisions of our largest tech companies are being off-shored to Asia to increase profits without restriction or tax penalty.

Yes, our recent college graduate kids can still find jobs more readily, but these are not the quality of jobs a prior generation could expect—many college-level jobs have been off-shored to Asia to reduce labor costs. Only children of the elites/well-connected have a good shot at high-income careers in the U.S. (not counting lucky good actors and professional athletes).

Most of our not well-born/well-connected college graduates carry very high college debt and have little option but to take low-paying jobs in retail or commission-only sales to make minimum loan interest-only payments, because so many well-paying high-tech engineering and science jobs have left the country.

Meanwhile, there is the phenomenon where profits earned off-shore doesn’t even return to the U.S., thus avoiding paying corporate taxes while at the same time depriving domestic banks of deposits to leverage to make loans against would-be greater assets, thus tightening the credit market more than natural, exacerbating recession recovery.

With the recession thus continuing, deficits hard to reduce, and more needed job stimulus not passable in Congress, we must print more and more dollars to keep interest rates low so our economy doesn’t go over the cliff. But this feeds the fall in the dollar’s worth compared to other currencies and gold, and devalues our savings. It will, however, make paying the debt easier with devalued currency, provided interest rates are kept low and incomes and tax revenue go up. The number of “ifs” are stacking up.

And now, after the Citizens United ruling by the Supreme Court, our “patriotic” corporations can shovel unlimited money into election campaign ads, making it near-impossible to change government through elections, especially since sympatico corporations control America’s mainstream media.

So the public will never understand how much they are being lied to about such hugely important issues. They will never understand, for example, that profits of “American” corporations mean nothing positive to American families in terms of jobs or income for their children. Rather, the opposite has happened; “our corporations” are creating jobs in lower-wage countries instead of at home.

Recent news reports say that Republican PACs run by Karl Rove, Dick Armey and their ilk have been raising four times more corporate money from corporations than the Democrats, and they are about to unleash a new wave of negative ads to defeat even “conservative" Democrat candidates striving to curry corporate support.

Simple legislation we must do NOW can solve many of these problems and decrease the deficit:

  • legislate constraints/tax penalties for off-shoring desirable jobs
  • reduce tax penalties to repatriate foreign earnings to ease lending constraints
  • legislate major restriction of corporate influence of election candidates, campaign outcomes, and the actual writing of legislation
  • legislate elimination of corporate ownership and influence of mainstream media
  • institute a “Tobin Tax” on all financial transactions to create a bailout fund and to reduce the current deficit to help pay for larger social/medical entitlements due to the greater number of boomer retirements, the tax is ideally implemented in concert with a same or similar tax for the same purpose on all stock markets. Lower deficits will reduce currency devaluation.

Mr.Cherbonnier is the web editor of this newspaper.



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This story was published on October 6, 2010.
 

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