Friday, 2 December 2016

the lessons of history

Globally we have created an economic situation that cannot continue to exist. The presumption was that through globalization entire societies would prosper through free trade of goods and services which would then expand the wealth and advancement of those nations. But instead the opposite has happened and a small percentage of individuals have expanded their wealth and now control the vast majority of the planet’s resources.

It doesn’t take a genius to figure out that many people in this world are not going to be generous of spirit by nature and, when push comes to shove they will choose pure profit over an option that also considers what is best for the society as a whole.

When FDR was president, Americans paid far more tax than they do today and they benefited from The New Deal as well as the GI Bill which allowed many American soldiers to go to school free of charge and then raise their families thus creating a prosperous middle class.

In this new deregulated global environment, the people who own factories and businesses are not going to manufacture their products out of the goodness of their heart in a place that costs them more to do so. They are instead going to move their operations overseas where they can pay someone a dollar a day to make a cheap T-shirt.

Hence the impoverished blue collar worker who has lost his job in the United States isn’t going to get that job back unless the government policies are adjusted which will encourage a return of manufacturing. A lying opportunist like Donald Trump is most certainly not going to be the one who does this and, if he is fortunate, he might be able to survive his term without facing charges of impeachment.

If the world reaches a tipping point where the masses have little to lose, you will see a backlash on a far grander scale than the French Revolution because once desperation sets in people will do what they must.

Those who do not learn from history are doomed to repeat it.


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