Bob's Links and Rants

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Thursday, January 15, 2004

First Gem from the Dave Pollard Site:

That's from a post Pollard calls the Wal-Mart dilemma. The basic idea is that we're stuck in the red cycle, with low wages forcing low prices forcing the exporting of jobs overseas. Pollard says the way to move from the red to the green cycle, where wages, prices and quality are high, is to impose duties and other regulations to protect domestic producers if a product can reasonably be produced domestically. In the green cycle, a country has mild inflation, which Pollard says is the most painless way to redistribute wealth from the rich to the poor. In other words, the green cycle benefits most people; the red cycle benefits only those at the very top of the economic pyramid. We're stuck in the red right now, thanks to Bush and Clinton and all the other so-called "free-traders" out there. Importing stuff you can make yourself is BAD for your economy.