FacebookTwitterGoogle+RedditEmail

The Long Run to the Bottom

by BILL MANSON

Now would you just stop arguing, and listen a minute?  The days of this “yeoman-farmer” you mentioned are gone, pal!  People need jobs, “good jobs,” sure, even jobs with a “Living Wage.”  What do mean, this fella Marx says the capitalist “expropriates” all the profit and gives the worker ONLY a “living wage”?  What’s so bad about that?  Your precious worker would starve otherwise, wouldn’t he?  The fact is, people need to be deployed—I mean, employed—and companies need cash to do that.

And that’s where these banks come in, don’t you see?  Sure, they were reckless, irresponsible, what with their “toxic debt instruments” and so forth.  But who do you think has bankrolled the entrepreneurial spirit that has made this country so great?  Right: banks!  HOW did they become “Too Big To Fail”?  How should I know?  The point is: no cash to loan to companies—whether it’s General Motors or some ingenious start-up venture—equals no jobs.

The government could, what, hire its own citizens to provide necessities and services that people really need?  Don’t make me laugh!  No, wait—just listen a minute.  Firstly, that’s socialism: you want us to model ourselves after CUBA?  Second, there’s no profit in that.  Where’s the incentive?  No: banks need money to make money, which is their incentive.  Sure, I don’t like it any better than you do: the public had to come up with what, a trillion dollars, to “help” the likes of Bank of America!  Necessary evil, buddy.  Seed money: and look at the result—the Dow’s going up again, companies are declaring record profits and…What?  Jobs?  Be patient, my good man.  These recessions take time to turn around, but in the long run…

What’s that?  Downsizing?  Automation?  “Outsourcing”?  These big American companies are pretty savvy, they’re not gonna keep their own American people cashless—who’s gonna buy their products if the people aren’t working?  No, they need jobs, good jobs, before they can drive to the mall, don’t you see?

What do you mean, “emerging markets”?  Oh sure, I know, big companies are looking to sell a lot overseas, sure, they even make a lot of their stuff in China or Mexico…but what’s that got to do with creating more good jobs here?  “Capital flight,” “race to the bottom”?  NAFTA and GATT?  I don’t see how these Free Trade Agreements are anything but that: agreements to FREE trade from all these embargoes and whatnot that block American companies from selling their goods everywhere!  If American companies can make money, as I’ve been trying to tell you, they can start hiring again—and create a lot of jobs, good jobs.

What is an “American” company?  What do you mean?  What are you trying to say?  You know what?  I give up: it’s useless trying to talk to you!

BILL MANSON previously taught social science at Columbia and Rutgers universities.

 

 

February 11, 2016
Bruce Lesnick
Flint: A Tale of Two Cities
Ajamu Baraka
Beyonce and the Politics of Cultural Dominance
Shamus Cooke
Can the Establishment Fix Its Bernie Sanders Problem?
John Hazard
The Pope in Mexico: More Harm Than Good?
Joyce Nelson
Trudeau & the Saudi Arms Deal
Zarefah Baroud
The Ever-Dangerous Mantra “Drill, Baby Drill”
Anthony DiMaggio
Illinois’ Manufactured Budget Crisis
Colin Todhunter
Indian Food and Agriculture Under Attack
Binoy Kampmark
Warring Against Sanders: Totalitarian Thinking, Feminism and the Clintons
Robert Koehler
Presidential Politics and the American Soul
Thomas Knapp
Election 2016: The Banality of Evil on Steroids
Cesar Chelala
Is Microcephaly in Children Caused by the Zika Virus or by Pesticides?
February 10, 2016
Eoin Higgins
Clinton and the Democratic Establishment: the Ties That Bind
Fred Nagel
The Role of Legitimacy in Social Change
Jeffrey St. Clair
Why Bernie Still Won’t Win
Mike Whitney
Putin’s Aleppo Gamble Pays Off
Chris Martenson
The Return of Crisis: Everywhere Banks are in Deep Trouble
Ramzy Baroud
Next Onslaught in Gaza: Why the Status Quo Is a Precursor for War
Sheldon Richman
End, Don’t Extend, Draft Registration
Benjamin Willis
Obama in Havana
Jack Smith
Obama Intensifies Wars and Threats of War
Rob Hager
How Hillary Clinton Co-opted the Term “Progressive”
Mark Boothroyd
Syria: Peace Talks Collapse, Aleppo Encircled, Disaster Looms
Lawrence Ware
If You Hate Cam Newton, It’s Probably Because He’s Black
Jesse Jackson
Starving Government Creates Disasters Like Flint
Bill Laurance
A Last Chance for the World’s Forests?
Gary Corseri
ABC’s of the US Empire
Frances Madeson
The Pain of the Earth: an Interview With Duane “Chili” Yazzie
Binoy Kampmark
The New Hampshire Distortion: The Primaries Begin
Andrew Raposa
Portugal: Europe’s Weak Link?
Wahid Azal
Dugin’s Occult Fascism and the Hijacking of Left Anti-Imperialism and Muslim Anti-Salafism
February 09, 2016
Andrew Levine
Hillary Says the Darndest Things
Paul Street
Kill King Capital
Ben Burgis
Lesser Evil Voting and Hillary Clinton’s War on the Poor
Paul Craig Roberts
Are the Payroll Jobs Reports Merely Propaganda Statements?
Fran Quigley
How Corporations Killed Medicine
Ted Rall
How Bernie Can Pay for His Agenda: Slash the Military
Neve Gordon
Israeli Labor Party Adopts the Apartheid Mantra
Kristin Kolb
The “Great” Bear Rainforest Agreement? A Love Affair, Deferred
Joseph Natoli
Politics and Techno-Consciousness
Hrishikesh Joshi
Selective Attention to Diversity: the Case of Cruz and Rubio
Stavros Mavroudeas
Why Syriza is Sinking in Greece
David Macaray
Attention Peyton Manning: Leave Football and Concentrate on Pizza
Arvin Paranjpe
Opening Your Heart
Kathleen Wallace
Boys, Hell, and the Politics of Vagina Voting
FacebookTwitterGoogle+RedditEmail