POST COLD WAR GLOBALIZATION AND WAR RESTITUTION IN AMERICA

[Morpheal]

You have to understand that in globalization capital, that is money, keeps flowing out, like blood from an open gaping wound.
There is no tourniquet of regulation to stop the flow.

Globalization meant capital flowed out of the USA. Money supply remained regulated. From all reports it still is strictly regulated.
However lending remains largely unregulated. There are no definite clear, nationally legislated standards for lending and borrowing.
It seems to have become more and more of a free ("enterprise") for all involved. Do what thou wilt, and don't give a damn about anyone
seems to the whole of the law. There was a time when you had to have adequate collateral to secure a loan and that did not include
shaky foreign investments, potentially worthless derivatives, and other even more worthless paper presented as "worthiness". A lot
of that borrowed money goes out the door and never returns. In many instances they might as well be armed thieves carrying it out in
suitcases, robbing the bank, because you will never see any significant part of it again. Not on American soil. It is the middle men
closing the deals, brokering it out the door, that fool you. They at least look like Americans. Some even sound like Americans, but that
is not as much the case as it used to be. So where did the money go ? It circulated. It still circulates. However, it does not return as
investment in America. It is gone from America. (America is not the only country that has fallen for that game.)

Now don't imagine those little dividend cheques, ultimately coming from overseas production and holdings, really return that much
compared to what went out. At least not in the short term. Maybe never. It depends on how the world economy fares. So be optimistic
that eventually the money comes back, but chances are it doesn't and won't.

More money will flow out and never return, unless regulated, but that is not a "free market". Nationalizing industries would help. Fraudulent instruments and methods have added their impact, as does lack of a sufficiently stimulating war. War has been the economic savior more than once
in history, but it has to be a big one. Little skirmishes like Iraq don't do it. That is not stimulating enough. Not enough things get destroyed to make
it a worthwhile altercation. You need megatonnage of destruction nowadays to really boost the economic engine.

I estimate that the next big one will leave 3 billion people dead. If it happens.

Private sector failure, since the 1960s, is partly to blame. If you leave housing, infrastructure, energy, and everything else of real importance to the private sector they only do what is most profitable and ignore everything else. You can see the results everywhere around you. More than 30 years
of the most public spirited private sector failure imaginable. Of course there was no real incentive. Every neighborhood preacher and politician knew that the big apocalypse was coming. I recall working somewhere, while the world was in the thick of it, and everyone working there, even though not very religious, believed that the end of the world was almost upon it. Everyone was going to die. For sure. No way out of it. Certainly assured destruction. It was a peculiar feeling to see, hear, those attitudes, because I knew it was a high probability that exactly that would happen. They were really being prepared to die as the Cold War became hotter and hotter. Everyone in North America was being prepared to die and to witness the destruction of everything they knew, along with the loss of everyone dear to them. That's quite a trauma to inflict as "preparedness". However, that was
what was happening. There was almost no chance, in many minds, that we would come through it without a nuclear exchange destroying most of civilization as we know it. Now, how is that for disincentive to rebuild, repair and improve anything ?

Everyone who was brought into any aspect of the Cold War era was conditioned to expect the worst at any moment.
Your friends, relatives, home, precious things, loved ones, city, countryside, all gone at any instant.
You had to be prepared to function in those conditions if you were chosen as deemed of any strategic value.
If you were not deemed to be of strategic value you were simply being conditioned to die.

Those people who were taught to say "we the people" of the United States of America, the majority who are not rich, or well off. Many of
whom were, are, remain poor and struggling, deserve restitution for war damages from their own government.

During the Cold War there was no incentive whatsoever for much of anything.
That is proven by examining the world around you. We now see the results more clearly.

What all of that means is that the circumstances demand unprecedented new public sector, government led and run, initiatives for rebuilding America.
Government will have to create the money, and control where it goes. That will use every capable worker for a long time to come. America may have to nationalize some key industries. That keeps the money at home, and keeps the reconstruction, of what was so run down, and neglected, going. Consider it war restitution to all the people, across a span of several generations who have suffered because of the war.

Rebuilding a war torn country is not easy. It is not "cheap". It is never done purely by leaving it to "free enterprise" and "private concerns".
it is a task that the government must take on. The government of the United States of America must take on its responsibility to rebuild war
torn America, and must become responsible for restitution, at least to its own population who have been so deeply harmed, for such a
long time, while America remained at war with the USSR and The Peoples Republic of China.

Obama might not be the man who can do it. Or is he ? Does he really even have a clear idea of what it is really about ?

Does he really realize that in the past 30 years we almost lost the whole planet ?

Now we are in the mess of cleaning up what's left. Luckily, much more is left than was expected by those planning the future.

Cheers.

Robert Morpheal