Globalization has been around for hundreds of years, it's nothing new. Africans were kidnapped and sold as slaves to harvest cotton cheaply and displace local workers, the British Empire conquered half the world in wars and the other half with mercantalism and plagues like smallpox were used to clear North America of indigenous populations.
Those were the good old days, but how globalization has changed and improved. Nowadays, instead of relocating slaves to new countries, they can be exploited in their home countries, unburdened with safety standards, labor laws or environmental protection, in order to produce cheap plastic crap for the west which is driven around the world in order to burn oil and fill up empty landfills. This is far cheaper, more profitable, more convenient and more palatable to sensitive liberals - out of sight, out of mind! Thanks to improvements in logistics and transportation, empire builders, regime changers and arms traders can buy, sell and deliver missiles, bombs, drones and troops to destinations far more rapidly than sailing ships which were subject to chaotic weather patterns. Totalitarian China can use mercantilism to conquer the world, it can spread successful techniques like censorship and surveillance to willing Wall Street oligarchs, not to mention plagues which can be spread within weeks instead of years. Bankers in Brussels can lure nations on distant continents into debt traps so that they can later suffer austerity and privatization. Oh yeah, dumb and useless liberals from countries all around the world can use Twitter to electronically "share" memes, praise globalization and cancel free speech.
Globalization is 99% dominated by dictators, monopoly corporations, warmongers and most importantly by privileged ivy league wokesters who praise globalization incessantly because it made mommy and daddy rich. I say good riddance to globalization, it seems like it is self destructing.
Matt Stoller has great insight in explaining economic issues but his ideology gets in the way of data driven solutions. He shows no evidence that the Jones act is only a minor inconvenience causing much of the bottlenecks and the inflation that comes from the bottlenecks. The US was importing Russian crude oil to avoid the Jones act for example. https://www.aei.org/american-boondoggle/oil-and-the-jones-act/
Regulation rarely solves pricing issues. Shipping companies, like oil companies, are hesitating to invest because of ESG demands, so these problems are likely to last for a while. The government should be focusing on helping get self-driving trucks and ship technology working and easing regulations on Port expansions.
There's attributes of globalization that are of great benefit. Most countries in Africa would love to have a robust textile industry and the jobs it provides. Pulling those jobs back to the U.S. would benefit a few and harm many.
What I think is needed is a broader look at eliminating the concentration of production for goods. No monopolies is a good first step. But if we have 20 very competitive companies manufacturing chips, and they're all in Taiwan, we still face the issues of one country can shut down the world economy. One regional war can throw production into a mess.
So along with a diverse competitive set of suppliers, we need those supplies to come from a broad range of countries spread across the globe. We need it so that no one country or regional war can impact a significant share of production. Other places may need to go to double shifts, but that should be it.
Eliminating the Jones act would help alleviate bottlenecks inside the US that is compounding the problem with shipments from China to the US. Also the elimination of the Jones act would revitalize Midwest cities like Detroit and Cleveland and improve the economic outlook of Puerto Rico.
Globalization has been around for hundreds of years, it's nothing new. Africans were kidnapped and sold as slaves to harvest cotton cheaply and displace local workers, the British Empire conquered half the world in wars and the other half with mercantalism and plagues like smallpox were used to clear North America of indigenous populations.
Those were the good old days, but how globalization has changed and improved. Nowadays, instead of relocating slaves to new countries, they can be exploited in their home countries, unburdened with safety standards, labor laws or environmental protection, in order to produce cheap plastic crap for the west which is driven around the world in order to burn oil and fill up empty landfills. This is far cheaper, more profitable, more convenient and more palatable to sensitive liberals - out of sight, out of mind! Thanks to improvements in logistics and transportation, empire builders, regime changers and arms traders can buy, sell and deliver missiles, bombs, drones and troops to destinations far more rapidly than sailing ships which were subject to chaotic weather patterns. Totalitarian China can use mercantilism to conquer the world, it can spread successful techniques like censorship and surveillance to willing Wall Street oligarchs, not to mention plagues which can be spread within weeks instead of years. Bankers in Brussels can lure nations on distant continents into debt traps so that they can later suffer austerity and privatization. Oh yeah, dumb and useless liberals from countries all around the world can use Twitter to electronically "share" memes, praise globalization and cancel free speech.
Globalization is 99% dominated by dictators, monopoly corporations, warmongers and most importantly by privileged ivy league wokesters who praise globalization incessantly because it made mommy and daddy rich. I say good riddance to globalization, it seems like it is self destructing.
Matt Stoller has great insight in explaining economic issues but his ideology gets in the way of data driven solutions. He shows no evidence that the Jones act is only a minor inconvenience causing much of the bottlenecks and the inflation that comes from the bottlenecks. The US was importing Russian crude oil to avoid the Jones act for example. https://www.aei.org/american-boondoggle/oil-and-the-jones-act/
CIA “swarms” and Ukraine pays:
https://rumble.com/vyg6f5-hunter-biden-laptop-russian-disinfo-disinfo.html
https://rumble.com/vyfa07-adam-schiff-says-kremlin-a-lot-congressman-kremlin.html
Regulation rarely solves pricing issues. Shipping companies, like oil companies, are hesitating to invest because of ESG demands, so these problems are likely to last for a while. The government should be focusing on helping get self-driving trucks and ship technology working and easing regulations on Port expansions.
Headline: The China Inc monopoly gouges American suckers.
There's attributes of globalization that are of great benefit. Most countries in Africa would love to have a robust textile industry and the jobs it provides. Pulling those jobs back to the U.S. would benefit a few and harm many.
What I think is needed is a broader look at eliminating the concentration of production for goods. No monopolies is a good first step. But if we have 20 very competitive companies manufacturing chips, and they're all in Taiwan, we still face the issues of one country can shut down the world economy. One regional war can throw production into a mess.
So along with a diverse competitive set of suppliers, we need those supplies to come from a broad range of countries spread across the globe. We need it so that no one country or regional war can impact a significant share of production. Other places may need to go to double shifts, but that should be it.
Eliminating the Jones act would help alleviate bottlenecks inside the US that is compounding the problem with shipments from China to the US. Also the elimination of the Jones act would revitalize Midwest cities like Detroit and Cleveland and improve the economic outlook of Puerto Rico.