Author Topic: Mission Accomplished  (Read 5705 times)

0 Members and 1 Guest are viewing this topic.

Offline ajax13

  • Newbie
  • *
  • Posts: 1614
  • Karma: +3/-0
    • View Profile
Re: Mission Accomplished
« Reply #15 on: December 04, 2011, 11:34:26 PM »
Advancements in technology, robotics and computers, caused workers to be unable to compete with hardware so jobs were outsourced to Japan and Germany.  Despite this lack of technological development in the US though, there was nowhere for capitalists to put all of the profits reaped between the end of the Second World War and 1970, so speculative financial instruments were created, through which capitalists could reap massive winfalls from transactions with no production of goods nor provision of services.  When it became apparent that the payoffs from speculative bubbles far exceeded that of industrial production, companies divested themselves of their obligations to workers and everyone's money was herded into the speculative casino.  And this explains how the vast majority of consumer goods purchased in the US are now manufactured in plants by workers in Communist China while the gap between rich and poor in the US explodes.  So when Lowell stole the British patents and used the readily available slave-produced cotton to launch the textile industry in the US, it's just like America de-industrializing and moving to an economy based on the accumulation of unpayable sovereign debt, capital leveraged up to one thousand times it's real value, and consumer goods that cost relatively little as they are made by Communists.
« Last Edit: December 31, 1969, 07:00:00 PM by Guest »
"AARC will go on serving youth and families as long as it will be needed, if it keeps open to God for inspiration" Dr. F. Dean Vause Executive Director


MR. NELSON: Mr. Speaker, AADAC has been involved with
assistance in developing the program of the Alberta Adolescent
Recovery Centre since its inception originally as Kids of the
Canadian West."
Alberta Hansard, March 24, 1992