YOU READ IT HERE FIRST! THE NEW ERA OF NATIONALISM LEADING TO PROTECTIONISM
As much as those screwy economists and Fortune 500 companies with political agendas try to convince us otherwise, the western world is waking up and it will soon be a case of countries looking after their own first and to hell with globalization dictating how we must behave. These dimwits don’t take into account India, China and their brethren are about all cheating, lying and stealing and undercutting to the point where many industries are being heavily subsidized; steel and auto just to name two. It is okay for China to behave in this manner, but it is regarded as almost illegal when President Obama made a statement last week that the stimulus plan will be an internally produced one, where American labor and American-made materials will be sourced.
The western world, excluding a few idiot countries like France and New Zealand are well aware having allowed their industrial base to shrink at the expense of cheap imports has destroyed the social base which gave them such strong economic cohesiveness. Most industrial areas of the United States and Britain have become rust belts with smaller cities looking more and more like ghost towns. The social cost has been too great and the world needs to change. What is more, I believe it is. Deflation is now rampant inside the United States. People are holding on to what they have, not buying anything unless it is a huge bargain (the result of cheap imports) and have found ways in spite of the cheap gas, not to use their cars like they used to. Fancy America telling Opec, we don’t need your oil anymore!
The stimulus plan each major nation is adopting wreaks of old fashioned nationalism and if President Obama caves into China and others and allows the lowest bidders to include non American to be the successful tenderer, then he has lost my vote in 2012. Britain needs to put its peoples back to work and continue to assist in downsizing the “City” (Britain’s equivalent of Wall Street) as does America. It is not about export, it is all about import substitution! America thirty years ago didn’t have to rely upon anyone to put food on its table and now we must return to those times.
What the third world needs are not sweat shops and polluting factories, but financial and managerial assistance in building infrastructure; farms, hospitals, schools, houses and roads. There is so much to be accomplished with just these five tasks that the likes of a Zimbabwe could once again rise up and look after its own. Asian countries claim they are big enough to create their own trading block. I say great, go for it. I see huge benefits in Asian countries working closer together, just as I do with NAFTA.
The economic meltdown still has all the experts scrambling and the only solution is for each to look after its own first, after that, worry about the others. A good analogy is the flight attendants safety drill; “When the oxygen masks fall, put yours on first and then tend to your children with their masks!”
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