Dylan Ratigan: Outsourcing Becomes Major Economic Problem

[Joanne98]

Run time: 07:47 https://www.youtube.com/watch?v=WcMSOW25GTM   Posted on YouTube: November 14, 2010 By YouTube Member: fal2grace Views on YouTube: 169   Posted on DU: November 14, 2010 By DU Member: Joanne98 Views on DU: 1531

 

[PDJane]

1. As far as the outsourcing goes, that's true.

However,the Chinese are not going to ruin their economy further to support yours. Nuh uh. Ain't gonna happen.

The Japanese did, yes, BUT the Chinese are in a different space. They have one billion people, they have coal, they have a water shortage because of the industrialization of their country. They have a booming economy that sells junk everywhere,and they can control their people because they are a totalitarian state...and corporations actually prefer to deal with a totalitarian state. Democracy is far less predictable, which is why the US effort to spread democracy is half-hearted at best.

They have the US over a barrel, because the US needs the money that China loans them....the money on which the US economy runs. Why SHOULD China ruin their economy for the West? They aren't occupied by US troops, they have a trade deficit with the US, their junk fuels the consumer economy...in the US. The US has run out of quick fixes. All that's left is TAXATION. You can cut the military spending by a lot, too; it's spending is mostly useless hardware....which, of course, the US bargains to send to other countries too, so that soldiers end up facing their own weapons.

I have wondered for the last forty years what the hell you are doing down there, because what can't last won't. Blaming China for the mess the US created is stupid...and counter-productive.

[OHdem10]

4. Every country works for what best advantages them. Except the

U.S. Up until the present the US has worked for what
advantages Multinationals and therefore Wall Street.
Dirty Little Secret or maybe not so secret, How many
elites have their investments in the Chinese Stock Market.

It has all come home to roost with America appearing to
go to Third World Status.

Will it change??? not if the Free Traders have their way.

[JDPriestly]

7. China is part of the puzzle, a big part of the puzzle, for us.

We have to have reciprocal trade as Dylan Ratigan explained. Let China export to countries and then buy its oil with dollars. More power to them.

Let the Chinese companies that have been sending flimsy, junky, nearly worthless trash to the U.S. to sell to Americans for high prices fail.

We need to rebuild our manufacturing base. Americans out here are really hurting. There is no work. There are no jobs. And prices are rising and will rise more very soon.

We have nothing to lose. We have to put an end to the bleeding of jobs.

We do not need Chinese products inundating our culture unless they are really cheap.

Of course we owe China a lot of money. And the only way we can pay that back is if they buy from us on an equal, open basis. If we cannot have mutually open trade, then we are better off closing our markets.

I support the idea of taxes that discourage the outsourcing and bring jobs back to the U.S.

[DainBramaged]

14. Why do you think you have the right to disparage our Country?

If it wasn't for the US buying Canadian products, you folks would be known for one single product, beer.


Give us a break. DUers don't criticize Canada nor cast aspersions against you folks. But you seem to think you can do it to us.

I for one don't appreciate it.





:mad:

[PDJane]

18. What aspersions?

That you are running the world and doing a bad job of it? That pure capitalism is a failed ideology, and what you have is socialism for the wealthy?

Don't take it personally........

[kag]

2. Makes sense to me. nt

[dkf]

3. That makes a lot of sense to reciprocate trade policies.

I think I like some of these ideas. I do think we need to start paying more for goods. The amounts we want to pay for goods aren't enough to provide a decent living.

[jsmandrake]

5. Planned Obsolescence! Look it up......

The majority of 'suits' in this country (particularly the governing class )
have been engaged in this practice for so long now I can't see straight.
It started with products----until they hit upon the idea of
doing the same to an entire class of people.
And....I wonder what citizens would think of the
true trajectory of all of this--- might it in any way
have any impact on the utter deference they show to
these self-proclaimed patriots in the professional class?
holy shite.

[JDPriestly]

6. Brilliant!!

Thank you, Dylan Ratigan.

[tomm2thumbs]

8. China has become the new plantation belt that used to be the South

Basically, legalized slavery - including electronics 'plantations' that build today's electronics - it just isn't called 'slavery' but it accomplishes exactly what the plantation owners want. And human rights issues are ignored because big business wants their stuff built cheap.

It took a Civil War to change things here - who knows what will have to happen in China to get their system to change. It may never.

As for American corporate heads & leaders, they really don't care any more about their country. It is all about their wallets and how big they can make them. They don't care if they have to live in China instead of the U.S. to stuff cash into their mattresses. In China, they can get their American TV, their American food, their American clothes, etc - so why even live in America. And these 'business heads' are supposed to be the patriotic 'real Americans' of the GOP. They swear allegiance to only one flag - the waving green flag of their almighty paycheck.

[ElsewheresDaughter]

9. K&R!

[davidwparker]

10. Watching what Obama does?

:popcorn:

[timefortherevolution]

11. Stunning that we've allowed this to go on.

I'm no economist, but this is yet another example of Wall Street
setting our trade policies for the benefit of investors only.

Screw the workers.

[defendandprotect]

13. Evidently they used private pension funds to pay for outsourcing the jobs....!!!

And for the housing bubble --

Private pensions are in trouble because of this and also because of

slackening regulations which permitted underfunding....

What we need to do is get our $12 billion in bail outs back --

and "find" that $4 TRILLION the Pentagon can't account for!!

And ... we can't afford Medicare for all which would SAVE the nation money

and create millions of new jobs?

[ChiciB1]

15. "timefortherevolution"... Been Saying THAT For Years NOW! Those Of Us Who

PROTESTED Viet Nam KNOW a little about it, but perhaps not to the extent that our Forefathers did! Or those who came after The Robber Barons (the LORDS of Nobleman), those who PROTESTED for a better America and stood tall.

FOR SHAME is what we should be telling ourselves. SHAME, that we feel immobile to DO ANYTHING to keep our country from sinking and/or succumbing to CORPORATOCRISY!

While I watch idly by on the sidelines, I wonder if this country will rise above this corruption. During the campaign OF OBAMA, even I got caught up in the fervor of renewal and worked hard to get him elected. I saw the YOUNGER GENERATION come together for the common good, and it made me BELIEVE we were on the path to regaining the lost sanity of what we had been experiencing for several decades. Now, I've come to believe that it was essentially "smoke and mirrors" NOT Hope & Change! But what is even more devastating is that I barely see the usual "changing of the guards" from my generation to those who came after me. I believed that this was what happened in a Democracy and what made nations GREAT! Especially in AMERICA!

What I DO see is APATHY and CYNICISM, and I'm afraid that both of these things are common to my nature now. I have tried for so many years to keep a fire burning for the sake of my children and the children they have, but the fire is now only an ember at the end of a candle.

I can't begin to explain how hard I've tried to keep the fire alive and a candle lit, but mostly I'm met by others who think I live in La-La Land. WE THE PEOPLE, seem to have no where to turn, and I think all too many of us feel HOPELESS! I keep wondering when the LAST shoe will drop and make a loud enough THUD to awaken the masses. Then I sit and wonder some more.

I have given a lot of thought of what happened to ROME, so much so that I have gone back and started reading up on this past history. It's not a pretty story... nor one with a happy ending!

[defendandprotect]

12. PLEASE include a recap of the video .... not always possible to watch!

[OlympicBrian]

16. Nice...here's a related piece

Realize that by outsourcing/offshoring, we erode our own tax base. And we PAY companies to do it! It's an "outsourcing bubble"...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9560962

[LBJDemocrat]

17. We're in 2010.

We've heard one candidate after another talk about "fair trade" for the past ten years, including President Obama, now lobbying for free trade agreements left and right. I've given up. There's no turning back on this issue.