Canada's Government Wants American Taxpayer Bailouts
It is amazing how the world has distorted the concepts of trade. Remember, there is no such thing as free trade. Never has been. Never will be. We seek fair trade. We seek mutually beneficial agreements. Agreements that produce a net positive for both parties. Similarly there is no such thing as free markets. We seek fair markets. Markets that are as fair as possible for all participants.
If I wrote a post about trade since the advent of capitalism and modern society, most people would be shocked at how we ended up where we are today. So too would Adam Smith, the primary theorist and founder of capitalism. Yet, today's business and political leadership will defend the status quo with the most ignorant, uninformed and even destructive arguments. That includes this blabbering about free trade any time our government attempts to move the ball forward on any trade issues or taxpayer-funded initiative. Ironically, Marx told us that the highest echelon of society, which he called the capitalists in a capitalist system, would defend the status quo of commerce whether it is fair, free or destructive because this class benefited greatly from current ideology. And, he told us this while our great, great, great, great grandparents were living. He was right. Forget about the general notions of Marx and communism. Marx was more than likely one of the most brilliant thinkers ever to walk the earth. Not perfect. Just brilliant. It would be interesting to hear Smith or Marx comment on economics today were they alive. Frankly, we really know what their comments would be because they wrote it down. It's simply that no one pulling the strings has ever bothered to learn economics. Instead we often get nonsensical drivel. Drivel that often shoves the economy off of a cliff.
Now, in some Orwellian interpretation of globalization, it appears the world wants American taxpayers to bail out their economies as well as bail out every Tom, Dick & Harry who made bad bets. And, Canadian politicians are at the head of the list of Dicks. (Forgive me Canadian readers. I love the country of Canada.) It's not enough that the world suckles off of the U.S. economy rather than reforming their own institutions of commerce, property rights, rule of law and economics that would stimulate their own economies. Why would they do that when America provides such as easy target for profits.
Who the hell ever said global trade inferred American taxpayer money had to be spent on foreign goods in a taxpayer-funded government stimulus package meant to benefit said taxpayers. We've already done the world a favor with our brilliant trade policies and the first stimulus package. The first stimulus package was an abject failure and waste of hundreds of billions of dollars that would have been better spent buying everyone in the U.S. a ticket to see a Mel Brooks movie - one hundred times.
The reality is the U.S. is the most open market on earth. Many of our trading partners put impossible limitations on American exports while we allow them unfettered access to sell similar goods and services into our markets. We have this mouth-breather policy of hoping if we treat every nation nicely, they will eventually reciprocate. The buffoonist Neville Chamberlain policy of appeasement applied to trade. Truly. A completely fatal flaw in dealing with the psyche of the state. But, then our trade policies weren't meant to benefit the sovereign. They were meant to benefit lobbyists.
Let the world stimulate their own economies with their own money. Let us stimulate ours with our money. Let us work together for mutually beneficial arrangements of equitable and fair trade. Let the corrupt bastards on K Street eat dirt and the equally corrupt communists in China, who are killing their own people and destroying their own economy, face the wrath of its own citizens who have been lied to in the name of corruption and cronyism. Maybe then we shall see a government in China that truly embraces human dignity and human rights. And, who embraces fair trade and the associated just policies of governance of its society. (Forgive me readers of China. I love the country of China. :) )
Yesterday ex-UK prime minister Tony "Neville" Blair was out there blowing baloney that we are all in this together and that American taxpayer money should be used to stimulate the global economy. Who is we? Do you have a mouse in your pocket? First off Neville, er Tony, it's apparent you understand nothing about economics given the state of your home country's economy. An economy you played a primary role in creating. Secondly, you suckle off of JP Morgan and other financial institutions as a consultant (lobbyist) making millions pulling political knobs and levers. What I would call clear cronyism and attempts at influencing policy with no transparency that usurps the will of the American people. You therefore suffer from a tremendous conflict of interest as to policy, you do not pay taxes in the U.S. and neither does anyone in Canada or the UK.
This notion that everyone wants some of the American taxpayer money is enough to send me to the store for an overdose of canned pork products and porn. (Thanks Tom.) It's terribly unjust and corrupt to those of us who actually have to earn a living and pay for this ungodly scheme. (Forgive me UK readers. I love the UK. But, I dislike your food and your weather.)
I think we can all agree that most everyone wants a better world. That we seek peace and prosperity for all people. And, that were we of the financial means, we would help everyone in need. But, this isn't Fantasy Island. This is the real world of limited means. This is a mess created by the state and to ask the American people to bear a global burden of bailing out other states can be classified in terms I would say are criminal.
The first step to recovery is change. Legal change. Regulatory change. Governance change. What has been embraced for the last three decades is not working. Nor will it ever work again. Ever. The more we spend time trying to rig the current system, the greater the disaster will be.
If I wrote a post about trade since the advent of capitalism and modern society, most people would be shocked at how we ended up where we are today. So too would Adam Smith, the primary theorist and founder of capitalism. Yet, today's business and political leadership will defend the status quo with the most ignorant, uninformed and even destructive arguments. That includes this blabbering about free trade any time our government attempts to move the ball forward on any trade issues or taxpayer-funded initiative. Ironically, Marx told us that the highest echelon of society, which he called the capitalists in a capitalist system, would defend the status quo of commerce whether it is fair, free or destructive because this class benefited greatly from current ideology. And, he told us this while our great, great, great, great grandparents were living. He was right. Forget about the general notions of Marx and communism. Marx was more than likely one of the most brilliant thinkers ever to walk the earth. Not perfect. Just brilliant. It would be interesting to hear Smith or Marx comment on economics today were they alive. Frankly, we really know what their comments would be because they wrote it down. It's simply that no one pulling the strings has ever bothered to learn economics. Instead we often get nonsensical drivel. Drivel that often shoves the economy off of a cliff.
Now, in some Orwellian interpretation of globalization, it appears the world wants American taxpayers to bail out their economies as well as bail out every Tom, Dick & Harry who made bad bets. And, Canadian politicians are at the head of the list of Dicks. (Forgive me Canadian readers. I love the country of Canada.) It's not enough that the world suckles off of the U.S. economy rather than reforming their own institutions of commerce, property rights, rule of law and economics that would stimulate their own economies. Why would they do that when America provides such as easy target for profits.
Who the hell ever said global trade inferred American taxpayer money had to be spent on foreign goods in a taxpayer-funded government stimulus package meant to benefit said taxpayers. We've already done the world a favor with our brilliant trade policies and the first stimulus package. The first stimulus package was an abject failure and waste of hundreds of billions of dollars that would have been better spent buying everyone in the U.S. a ticket to see a Mel Brooks movie - one hundred times.
The reality is the U.S. is the most open market on earth. Many of our trading partners put impossible limitations on American exports while we allow them unfettered access to sell similar goods and services into our markets. We have this mouth-breather policy of hoping if we treat every nation nicely, they will eventually reciprocate. The buffoonist Neville Chamberlain policy of appeasement applied to trade. Truly. A completely fatal flaw in dealing with the psyche of the state. But, then our trade policies weren't meant to benefit the sovereign. They were meant to benefit lobbyists.
Let the world stimulate their own economies with their own money. Let us stimulate ours with our money. Let us work together for mutually beneficial arrangements of equitable and fair trade. Let the corrupt bastards on K Street eat dirt and the equally corrupt communists in China, who are killing their own people and destroying their own economy, face the wrath of its own citizens who have been lied to in the name of corruption and cronyism. Maybe then we shall see a government in China that truly embraces human dignity and human rights. And, who embraces fair trade and the associated just policies of governance of its society. (Forgive me readers of China. I love the country of China. :) )
Yesterday ex-UK prime minister Tony "Neville" Blair was out there blowing baloney that we are all in this together and that American taxpayer money should be used to stimulate the global economy. Who is we? Do you have a mouse in your pocket? First off Neville, er Tony, it's apparent you understand nothing about economics given the state of your home country's economy. An economy you played a primary role in creating. Secondly, you suckle off of JP Morgan and other financial institutions as a consultant (lobbyist) making millions pulling political knobs and levers. What I would call clear cronyism and attempts at influencing policy with no transparency that usurps the will of the American people. You therefore suffer from a tremendous conflict of interest as to policy, you do not pay taxes in the U.S. and neither does anyone in Canada or the UK.
This notion that everyone wants some of the American taxpayer money is enough to send me to the store for an overdose of canned pork products and porn. (Thanks Tom.) It's terribly unjust and corrupt to those of us who actually have to earn a living and pay for this ungodly scheme. (Forgive me UK readers. I love the UK. But, I dislike your food and your weather.)
I think we can all agree that most everyone wants a better world. That we seek peace and prosperity for all people. And, that were we of the financial means, we would help everyone in need. But, this isn't Fantasy Island. This is the real world of limited means. This is a mess created by the state and to ask the American people to bear a global burden of bailing out other states can be classified in terms I would say are criminal.
The first step to recovery is change. Legal change. Regulatory change. Governance change. What has been embraced for the last three decades is not working. Nor will it ever work again. Ever. The more we spend time trying to rig the current system, the greater the disaster will be.
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