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All this talk about supply and demand reminds me of Adam Smith, the neoclassical political theorist who popularized the concept of the "invisible hand" during the era of the American revolution. As you might recall, Smith developed a rationale for so-called "free market" economics, and ever since, that "hand" has grabbed us by the balls and ain't never gonna let us go!
Our dependence on foreign energy is fundamentally a question of demand, not supply. Americans constitute roughly 6% of the world's population but consume a substantially larger share of the world's resources. At this rate, I'm afraid that "hand" will continue to put the squeeze on us! An "Apollo" project is bound to fail if it addresses only one side of this very lopsided equation.
By the way, I just joined the "Underground" as a memeber, and read a fine editorial on Globalization by Sandra Jewell. Here's a brief review. (It also piggybacks on the jobs theme which is a focal point in this string.)
Jewell does a fine job of exposing the Administration intent to replace the civil service with corporate profiteers.
I'm a Federal govt employee, and everyone I know is upset by the Administration's intent to cancel the cost of living increase for 2004, ostensibly to assist with the war effort. In view of all this ballyhoo about the evils of privatization, I guess we should feel lucky just to be working. My own view--which I and many others in the public sector don't broadcast all that volubly--is that govt workers are generally overpaid for the actual work they do. Having served in both the private and public sectors, I can tell you that Feds--unless you happen to be on the front lines in Iraq--live in a wonderfully insulated environment, relatively immune to the vicissitudes of the market economy. In govt, we live comletely free from that whole stress-inducing psychological dynamic of beating your competition to the client's doorstep, relentlessly hawking your products, and keeping your employees in lock-step discipline by threatening them with the loss of wages, benefits, and jobs. The prospect of dealing with this kind of bullshit scares the hell out of me. But for most of my colleages, and a significant percentage of the Federal workforce, it's less of a concern than Jewell's article suggests. Between a third and a half of all Fed employees will retire by 2010. Not much race left for these rats. Only hefty pensions... Conservatives have always maintained that national defense and safety (police, fire and the courts) are the only truly essential services that govt provides. If Jewell's predictions are accurate, we'll soon discover how effectively the Bush whackers can whittle down the dead wood. (Alas, there's still lots of it.) The Administration has already proposed accelerating the conversion of numerous military specialties into civilian jobs, thereby enlarging the pool of prospective front-line combatants for duty in Iraq. My biggest concern with globalization is the accountability and oversight issue. I agree with Jewell that government must be sufficiently muscular to resist the depredations of big business. The greater risk, which Jewell didn't mention, is that big business will continually find ways to manipulate our laws and regulations to insulate themselves not only from political accountability, but also from the leveling effects of economic competition. And it's economic competition which is the greatest counterveiling power restraining corporate excess, both at home and abroad. (Short of electing Ralph Nader or some other progressive administration.) Even conservative economists like Armentano in his book, Antitrust and Monopoly, admit that government has always been, in one form or another, an accessory to corporate wrong-doers. Economic competition, to the extent that it exists at all--ensures that no one stays on top--or the bottom--for long. Take Big Steel in this country, for example. Big Govenment was in it's pocket for years, but the Steel barons began visibly suffocating in the 1960s, and experienced cardiac arrest in the 1970s with the importation of cheap Japanese steel. But over the years, Japanese prices began to rise, and with them, the standard of living of Japanese workers, who's wages rose from "microscopic"--to use one of Jewell's colorful descriptions--to enviable. Of course, when the forces of competition eventually knocked on the door once again, Japanese steel bacame too expensive. At that point, we discovered Korea's exploitative wages, and the pattern began all over again. I'm inclined to think that out best hope for restraining the concentration of corporate power is twofold (short of full-blown economic democracy and the dreaded "S" word): (1) Maintain the intergrity of our judiciary so that, to the extent possible, no one--big or small--is exempt from the law, and (2) Ensure that all markets are open so that no one corporation can hold the public hostage by acquiring monopolistic control. (Yes, we can stand up to Microsoft, or anyone else, for that matter, provided we have the will to do so.) Foreign workers in the U.S. don't scare me. That could change if I wake up one day, and find they're all in the police and national guard. Or if images suddenly appear of non-English speaking, jack-booted, paramilitary units beating the crap out of young people here in this country trying to engage in peaceful protest. On the other hand, perhaps by then it'd be too late...
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