Free trade is destroying America. The statistics supporting my statement are many. It is painfully obvious that the flood of red ink is destroying our collective finances. There are many other aspects to this which are equally deadly. One was, the flood of funny money via the Japanese carry trade which inflated our real estate markets and loaded our corporations with unsustainable debts in the hedge fund ‘buyout’ business. But there are other, even more insidious dangers. Like, the destruction of the US ability to do science and technology.
First, I wish to discuss a delusional article in Forbes Magazine. Forbes is useful, like the Washington Post and the New York Times, it is a window onto the group mind-think of the ruling elites. And frankly, they are happy as pigs in a pigsty, with the results of free trade. It gives them increased wealth and power. At least, temporarily. Heh. Now, they are going bankrupt and losing power. But they cling to free trade because they think, they can regain the status quo again.
Forging A Second American Century – Forbes.com
http://emsnews.wordpress.com/2009/06/05/free-trade-destroys-our-educational-systems/