Rising Inequality, the Decline of Democracy, and Trump's election -- in a Whiteboard Animimation

NYCKY

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As for American Manufacturing many US companies failed to move with the times and they deserved to go out of business.
It surprises many people, as listening to the media, you would think nothing is made in America anymore but after China, the US is the largest manufacturing country in the world.

It was technology and automation that killed manufacturing jobs. China has a few advantages in that it has far, far cheaper labour costs and a lower corporate tax rate. The new tax law will make US corporate tax rates lower than that of China.
 


stopdoingstuff

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What's your solution? A number of cities and some states are increasing the Minimum wage fairly substantially in some cases, the downside is that It has led to job losses and many companies passing on the costs to their customers.

The reality is that American industry was fairly protected between the 1940's- late 1960's, as a result It became complacent and was unable to compete with the growth of China and other East Asian tiger economies from the late 70's onwards.

But of course Trump will blame NAFTA, Free Trade etc.
There is no need to propose a solution as it is not really a problem in the larger scheme of things. The US is a phenomenal country and as long as it keeps up with its neomania and endless inventiveness, it will do just fine. Trump is right to insist that its trading partners as as open to US products as the US is to non-US products, but ultimately it comes down to incentives and investments i.e. will the US offer the right investment environment for businesses and will it make sufficient investments in human capital to allow people to either create more wealth or learn new skills.

In terms of wages, if they really want to make people's buying power improve, then they need to counteract the three main sources of public theft: costs imposed by money printing (which ultimately feed into housing costs), costs imposed by the health care oligarchy, and costs imposed by the educational oligarchy. Control those three and real wages would look a whole lot better.
 

valamhic

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It surprises many people, as listening to the media, you would think nothing is made in America anymore but after China, the US is the largest manufacturing country in the world.

It was technology and automation that killed manufacturing jobs. China has a few advantages in that it has far, far cheaper labour costs and a lower corporate tax rate. The new tax law will make US corporate tax rates lower than that of China.
Not true. The jobs are coming back to America. Unions damaged manufacturing as they did in the UK. China can undercut competitors because the playing field is not level.
 

Analyzer

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There's little coal mining left now in Germany either. Nonetheless, the drop in manufacturing in the UK under Thatcher was impressive (dropped two-thirds under her tenure). She might have been good for the City, but I think she did a good job in killing off UK manufacturing (ideology won out over common sense; few countries saw such a steep decline). Many European countries managed to keep a lot of their manufacturing (even if it diversified and morphed into other forms). Germany still has Mercedes and similar brand names. Many similar UK equivalents no longer exist or otherwise are owned by foreigners.
Actuslly one of the consequences of Merkel's idiotic virtue signalling after Fukushima, was Merkel making a pr stunt on closing down German nuclear power.

As a result German reliance on coal has increased. And so has the resulting pollution. The renewable sector in Germany consists of solar panels mostly.

All the solar panels in the world are of no use at night time. Result Germany imports electricity from France and CZ - both heavily heavily reliant on nuclear.
 

EUrJokingMeRight

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Robert Reich does let his strong feelings for the Donald cloud his judgement in fairness.

He cannot see the bigger picture which is heavily Ironic considering the title of his white-sheet.

And he seems to be an apologist for Clinton who, in all seriousness, is more of a lapdog to big business than Trump will ever be.
 

Analyzer

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Robert Reich is selling Simpleton Socialism.
 

devoutcapitalist

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Robert Reich does let his strong feelings for the Donald cloud his judgement in fairness.

He cannot see the bigger picture which is heavily Ironic considering the title of his white-sheet.

And he seems to be an apologist for Clinton who, in all seriousness, is more of a lapdog to big business than Trump will ever be.
Reich served in the Clinton Administration as Secretary for Labour (1993-97) at a time when NAFTA was passed.
 

Finbar10

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Robert Reich is selling Simpleton Socialism.
There's already been some interesting comments already on the, perhaps less than pure, motives of the messenger (Robert Reich) and on his strong feelings/past history with Trump and Clinton. How about the content though? It is a complicated topic. Great, no problem, if you think the above. But I'm sure it would be interesting if you expanded on that a little more. Do you think the animation gets some things right? Where is it just plain wrong? And where is it grossly dumbed down and why? What does it leave out etc.? You're evidently not a big fan of the clip, but you're more than welcome to tear it apart if you wish! ;)
 

Finbar10

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Actuslly one of the consequences of Merkel's idiotic virtue signalling after Fukushima, was Merkel making a pr stunt on closing down German nuclear power.

As a result German reliance on coal has increased. And so has the resulting pollution. The renewable sector in Germany consists of solar panels mostly.

All the solar panels in the world are of no use at night time. Result Germany imports electricity from France and CZ - both heavily heavily reliant on nuclear.
I'd agree on that. I think they'd be better off going with nuclear in spite of its downsides.
 

devoutcapitalist

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There's already been some interesting comments already on the, perhaps less than pure, motives of the messenger (Robert Reich) and on his strong feelings/past history with Trump and Clinton. How about the content though? It is a complicated topic. Great, no problem, if you think the above. But I'm sure it would be interesting if you expanded on that a little more. Do you think the animation gets some things right? Where is it just plain wrong? And where is it grossly dumbed down and why? What does it leave out etc.? You're evidently not a big fan of the clip, but you're more than welcome to tear it apart if you wish! ;)
Reich doesn't mention how uncompetitive many large US companies were between 1946-80. The auto industry would be a prime example which was shielded from restricted foreign competition for a few decades. No mention from Reich about the crazy work practices and ultimately unaffordable benefits that General Motors workers enjoyed compared to Toyota or Nissan employees. As a result from the 80's onwards foreign auto companies were able to sell cars at a cheaper price.

No mention from Reich about the fact that Chrysler had to be bailed out by the federal government in 1979.
 

devoutcapitalist

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Reich didn't mention the fact that foreign auto companies have set up plants in some Southern States as a result of Right to Work legislation. Any wonder why employment levels in heavily unionised states like Michigan, Ohio, Wisconsin etc were shedding thousands of jobs from the late 70's onwards in the auto industry.
 

Franzoni

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It surprises many people, as listening to the media, you would think nothing is made in America anymore but after China, the US is the largest manufacturing country in the world.

It was technology and automation that killed manufacturing jobs. China has a few advantages in that it has far, far cheaper labour costs and a lower corporate tax rate. The new tax law will make US corporate tax rates lower than that of China.

The advances in technology and automation seems to be something a lot of people of varying ideologies seem unable to comprehend and what's coming has left them ideologically bereft even though they enjoy the benefits with smartphones and other devices....

The only mantra on these boards anyways they seem to be able to come up with is we shoud all be 'entrepreneurs' or that 'workers' should just go out and get another job flipping burgers for their fat kids if they lose their job to automation ........

It is only now when the penny is starting to drop and we see the natural vindictiveness that was always lurking beneath to surface by blaming everyone else who looks and acts a bit different to themselves when they see it's their own chizeller still living in the box room after the arts degree didn't pay off.......
 

owedtojoy

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Reich doesn't mention how uncompetitive many large US companies were between 1946-80. The auto industry would be a prime example which was shielded from restricted foreign competition for a few decades. No mention from Reich about the crazy work practices and ultimately unaffordable benefits that General Motors workers enjoyed compared to Toyota or Nissan employees. As a result from the 80's onwards foreign auto companies were able to sell cars at a cheaper price.

No mention from Reich about the fact that Chrysler had to be bailed out by the federal government in 1979.
Reich would probably agree - but he could not go into every industry in a Big Picture presentation.

Most of the criticisms I have seen are nit-picking like this - no one is able to deny that Reich is essentially right, and the USA has been betrayed by the plutocrat class, facilitated mainly by the Republican party, but also by the Democrats to a lesser extent.

At the moment, Trump and the Republicans have abandoned all restraint and are determined to completely demolish any state assistance like Medicare and Welfare - ostensibly to repair the yawning deficit, but really to pay for tax cuts that benefit corporations and the wealthy elite.

The response must be to push Democrats farther to the left, and that is indeed happening. If Democrats ever get the votes, they will not re-establish Obamacare, but implement a far more socialised single-payer system.
 

Franzoni

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Reich didn't mention the fact that foreign auto companies have set up plants in some Southern States as a result of Right to Work legislation. Any wonder why employment levels in heavily unionised states like Michigan, Ohio, Wisconsin etc were shedding thousands of jobs from the late 70's onwards in the auto industry.
That you might like the labour practices of southern american states doesn't suprise me in the slightest....

A prime example of the dodo like stupidity that prevails within sections of society....

Tell one of your kids to get themselves over for a job on the assembly line and see how they get on....

That's right they can't...Trump doesn't want them and even if he did a robot is probably doing it already quicker and better......
 

devoutcapitalist

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Reich would probably agree - but he could not go into every industry in a Big Picture presentation.

Most of the criticisms I have seen are nit-picking like this - no one is able to deny that Reich is essentially right, and the USA has been betrayed by the plutocrat class, facilitated mainly by the Republican party, but also by the Democrats to a lesser extent.

At the moment, Trump and the Republicans have abandoned all restraint and are determined to completely demolish any state assistance like Medicare and Welfare - ostensibly to repair the yawning deficit, but really to pay for tax cuts that benefit corporations and the wealthy elite.

The response must be to push Democrats farther to the left, and that is indeed happening. If Democrats ever get the votes, they will not re-establish Obamacare, but implement a far more socialised single-payer system.
Didn't the Democrats in Vermont want to introduce a single payer system but backed down when voters realised that they would have to be paying substantially higher taxes?
 

devoutcapitalist

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That you might like the labour practices of southern american states doesn't suprise me in the slightest....

A prime example of the dodo like stupidity that prevails within sections of society....

Tell one of your kids to get themselves over for a job on the assembly line and see how they get on....

That's right they can't...Trump doesn't want them and even if he did a robot is probably doing it already quicker and better......
Trump is full of merde when It comes to the auto industry, mind you I'm surprised he didn't call for a tax on robots during his election campaign.

As for the foreign auto companies based in America they are able to sell cars at a lower price to customers due to having a far lower cost base compared to the Big Three (GM, Chrysler and Ford).
 

owedtojoy

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Didn't the Democrats in Vermont want to introduce a single payer system but backed down when voters realised that they would have to be paying substantially higher taxes?
That is true, the initial bills passed, but was never funded.

That will not stop the Democrats (if they ever get the chance!) from passing a Federal healthcare measure far more "socialist" than Obamacare ever was. Obamacare was a Republican measure passed by Mitt Romney in Massachusetts. If it is not conservative enough for Republicans, they may find themselves having to drink stronger medicine.

https://www.vox.com/policy-and-politics/2017/9/13/16297454/hillary-clinton-single-payer-vox-interview

As for Trump's healthcare promises, which side of his mouth was he speaking out of, or was that his fat ass?
 

devoutcapitalist

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That is true, the initial bills passed, but was never funded.

That will not stop the Democrats (if they ever get the chance!) from passing a Federal healthcare measure far more "socialist" than Obamacare ever was. Obamacare was a Republican measure passed by Mitt Romney in Massachusetts. If it is not conservative enough for Republicans, they may find themselves having to drink stronger medicine.

https://www.vox.com/policy-and-politics/2017/9/13/16297454/hillary-clinton-single-payer-vox-interview

As for Trump's healthcare promises, which side of his mouth was he speaking out of, or was that his fat ass?
If left wing Vermont turned down a Single Payer system, what are the chances the Democrats will be able to sell a Single Payer system Nationwide given the likely substantial increases in taxation?
 

Franzoni

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Trump is full of merde when It comes to the auto industry, mind you I'm surprised he didn't call for a tax on robots during his election campaign.

As for the foreign auto companies based in America they are able to sell cars at a lower price to customers due to having a far lower cost base compared to the Big Three (GM, Chrysler and Ford).
Consumerism is reaching it's saturation point as is the spending power of consumers ....that's why manufacturers and other employers are scraping the bottom of the barrel to compete ..

The brits and the yanks have figured this out and that most of the current generation are 30 years away at best on getting their hands on the family loot which is why they are encouraging releasing equity on family homes before the parents croak....FFS a former govenor of the Bank of England said as much when he stated interest rates we aimed at spenders and not savers a few years ago.....!

Traditional capitialism is dead and what has replaced it is running out of road and out of money......:)
 

GDPR

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That is true, the initial bills passed, but was never funded.

That will not stop the Democrats (if they ever get the chance!) from passing a Federal healthcare measure far more "socialist" than Obamacare ever was. Obamacare was a Republican measure passed by Mitt Romney in Massachusetts. If it is not conservative enough for Republicans, they may find themselves having to drink stronger medicine.

https://www.vox.com/policy-and-politics/2017/9/13/16297454/hillary-clinton-single-payer-vox-interview

As for Trump's healthcare promises, which side of his mouth was he speaking out of, or was that his fat ass?
You see universal health care coming?

You might be right because those ordinary Americans who got used to Obamacare and realised how good it was compared to the other offers, may be in favour of stronger medicine next time around. They'll want plain sailing too. They may well vote a Dem majority into Congress and have a Dem POTUS. I wonder whom s/he will be.
 


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