tag:blogger.com,1999:blog-32931256.post3093053735773236652..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: Trump's Impossibly Flawed World ViewThe Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32931256.post-83483749386198210312016-01-11T13:06:46.346-08:002016-01-11T13:06:46.346-08:00While I wrote this, Toby, my mind went back to a s...<br />While I wrote this, Toby, my mind went back to a statement made by Theodore Roosevelt in his "square deal" speech in 1910. He explored the fundamental duty of progressive democratic governments to regulate the eternal struggle between labour and capital to achieve the best possible outcomes for them and the country.<br /><br />It was this critical principle that we abandoned when our governments opted to pursue globalization. They yielded their essential sovereign power to regulate industry and provide basic labour protections. With no compensation whatever they handed over unfettered access to our national markets. That access, coupled with capital's freedom of movement, were all that was needed to gut our economies and grievously undermine what had been our middle classes. <br /><br />Let's put it this way, Nike wouldn't have relocated its shoe production to Vietnam if it risked losing its access to North American consumers. It wasn't paying its Vietnamese workers "Nike runner-level" wages. And so globalization was "win/win" for multinationals and "lose/lose" for us. We were spun tales of an "information economy" and great prosperity for all but they turned out to be untrue.<br /><br /><br />The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-75766084143894243412016-01-11T12:13:36.869-08:002016-01-11T12:13:36.869-08:00Thanks for that, Mound. It is an interesting anal...Thanks for that, Mound. It is an interesting analysis.Tobynoreply@blogger.com