U.S. President Donald Trump will act on his threat to levy 25 per cent tariffs on Canadian and Mexican products, says White House press secretary Karoline Leavitt.
At a bare minimum they would have to massively bring down cost of living so that labor prices can be competitive with the rest of the world and such that industry will want/be able to hire US workers. Which won’t happen because that threatens the profits of the rentier class (which includes things like the whole healthcare industry racket and various other effective monopolies like tech, telecom, pharma, agribusiness), plus it would crash the housing market on which a lot of people’s household wealth and savings/pensions rely making it politically a non-starter.
On top of that you would then have to uproot the entire parasitic system of finance that prioritizes investment according to short term stock market gains over actual industrial growth. And the only real way of doing this is the nationalization of banking, which is never, ever going to be something that a US politician would even dare consider. It wouldn’t even cross their minds that’s how taboo the very idea of that is.
So how can you ever hope to solve a problem when your entire ideological, social and cultural indoctrination has literally left you incapable of even imagining the kinds of solutions that would be required? Well, you can’t and so they won’t.
Meaningfully bringing down labor cost would require inevesting in public services, and you’re right that it can’t happen. It would mean providing things like universal healthcare, public transit, pensions, etc. That goes completely contrary to the dominant narrative in the states.
I think the approach they’re gonna try to go with is to try and create a huge reserve army of labor by first creating mass unemployment. At that point people will be desperate enough to work jobs in terrible conditions just to feed themselves. They basically want to bring back Dickensian times.
At a bare minimum they would have to massively bring down cost of living so that labor prices can be competitive with the rest of the world and such that industry will want/be able to hire US workers. Which won’t happen because that threatens the profits of the rentier class (which includes things like the whole healthcare industry racket and various other effective monopolies like tech, telecom, pharma, agribusiness), plus it would crash the housing market on which a lot of people’s household wealth and savings/pensions rely making it politically a non-starter.
On top of that you would then have to uproot the entire parasitic system of finance that prioritizes investment according to short term stock market gains over actual industrial growth. And the only real way of doing this is the nationalization of banking, which is never, ever going to be something that a US politician would even dare consider. It wouldn’t even cross their minds that’s how taboo the very idea of that is.
So how can you ever hope to solve a problem when your entire ideological, social and cultural indoctrination has literally left you incapable of even imagining the kinds of solutions that would be required? Well, you can’t and so they won’t.
Meaningfully bringing down labor cost would require inevesting in public services, and you’re right that it can’t happen. It would mean providing things like universal healthcare, public transit, pensions, etc. That goes completely contrary to the dominant narrative in the states.
I think the approach they’re gonna try to go with is to try and create a huge reserve army of labor by first creating mass unemployment. At that point people will be desperate enough to work jobs in terrible conditions just to feed themselves. They basically want to bring back Dickensian times.