Wednesday, February 23, 2011

Right wingers, I am certain that if we, Socialist Equality Party, ran this country, the USA, we would bring back those jobs sent to China, and elsewhere, and get the USA up to FULL employment, with zero inflation (no Fed), in a few years, 2 to 5. In the meantime, immediate unemployment pay or part-time employment for anybody needing work, in a few months.

There is no reason why the American economy can not provide full employment, zero inflation, or near to it, health care, pensions, rising living standards, for ALL!

The last TRUE socialist state was the USSR, and, unlike the capitalist American state, managed to provide full employment, zero inflation, or near to it, health care, pensions, rising living standards, for ALL! The planned economy of the USSR managed to do this from the 1920's to 1970's, without inflation and without capitalists! While the capitalist USA economy was in ruin during the 1930's Great Depression the USSR was growing in double digits. In fact, in a short time the planned economy of the USSR propelled a backwards country, similar to Pakistan today, into the second most powerful on the planet, after the USA.

Note: eventually the planned economy of the USSR collapsed in 1989-1991 b/c it got bankrupted fighting in Afghanistan, sound familiar? And it lacked the most important component to the success of a planned economy: a workers democracy. For only with freedom, liberty, and democracy can a people fully express their creativity and innovation. Similarly, democracy is now lacking in the USA, in its epoch of terminal decline.

Rather than the government or taxes holding back the capitalist elites, it is the capitalist themselves who will not invest in the USA b/c they get a higher rate of return investing in China paying "slave" wages to some Chinese dude. If you think the American capitalist class is now going to create jobs, when it makes a much greater return on investment paying "slave" wages to a Chinese worker than investing in America, you are DELUSIONAL.

So, really, the only thing that stands in the way of prosperity and advancement for Americans is the capitalist system, more specifically, capitalist elites like parasitic Goldman and others sending your jobs to "slave" wage China and making the working/middle class poorer and putting American hegemony at risk .

The WWII boom ended in 1974 or so, and since then globalization, or sending good paying jobs to "slave" wage China, drove all the subsequent "booms" for the capitalists, but not the workers. The loss in wages that the capitalist elites siphoned off to "communist" China and its hordes of "slave" wage workers was, partially and temporarily, made up for with massive liquidity injections and $trillions in fictitious capital, resulting in various asset bubbles until the recent collapse of 2008-2009. Now, however, the limits of debt/credit have been exceeded and the collapse of the global capitalist system has temporarily been postponed by taking the speculative losses off the evil banks and transferring it to the balance sheets of the state. Of course, the profits, obtained in many cases via fraud, were kept by the evil bankers.

In other words, the "free" market has not worked since the end of the post WWII boom, 1974!!!

Since the American worker is much higher paid than the "slave" wage Chinese workers, you can't make America business friendly enough by lowering taxes for companies to hire here.

Small business and small bond holders are ok, socialists don't have anything against the little guy, only the SnP 500 aristocratic executives and their henchmen, for example.

www dot wsws dot org

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