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AdHocSolver

(2,561 posts)
3. There is a simple solution to the lack of jobs: create demand for American-made goods.
Sat Jul 9, 2016, 08:26 PM
Jul 2016

The big problem is that most people's understanding of economics is based on "trickle-down economics".

This misunderstanding is due to the fact that most people are incapable of challenging the "experts".

The "experts" present statistics, charts, graphs, and tables to overwhelm the public in order to stifle any challenge to the nonsense that they spout.

How economies work is relatively easy to understand and very logical. It has nothing to do with capitalism.

Capitalism is NOT an economic system. It is a political system that determines what sector of a population has control of the economy and thus controls who benefits from the economy.

All economies operate the same way. All economies are driven by demand and supply.

Demand is where people have a desire to obtain particular goods and services and have the means to acquire those goods and services either through trade or by having the money to spend.

Supply is where people have the ability to supply those goods and services and are willing to make a trade for different goods and services or for money.

Demand and supply drive all economics. Profit does not drive the economy. Profit is only a measure of who gets the benefit of the economic activity.

There is no such economic category as "free trade". If there were really "free trade" as the corporate 1 percent continue to claim, then there would be plenty of good paying jobs in the U.S. Moreover, there would be plenty of good paying jobs in China.

There is only "corporate controlled" trade in which the largest corporations determine who produces what is manufactured, what prices and wages are paid, and who gets the "profit".

The trade is controlled politically through such so-called trade agreements as NAFTA and the proposed TPP.

So, what should be done to make new jobs in the U.S.?

Bring back manufacturing jobs to the U.S. by supporting policies that make American-made goods competitive. In other words, eliminate the trade deficit for the everyday goods that Americans buy.

Increase the minimum wage so that Americans can afford to buy what is manufactured in America.

No more corporate written trade agreements.


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