Competitiveness, trade and innovation were globalization themes in the late 90s. The triumph of the US model was emphasized. Now we see there are big holes in the American model. The economy is increasingly deregulated. Unions in the US are down to 11% from 35% in the 1970s. We have to ask whether the market approach really works.
Competitiveness to the corporate mindset means lower wages. The "third worldization" of the US threatens when profit is worshipped, capital crimes are repressed and long-term necessities are eclipsed by short-term constraints. Government intervention and the creation of millions of public jobs are vital when the private sector only creates temporary part-time jobs.
to hear the interview with Stephen Diamond, law professor at UC Santa Cruz, posted on www.therealnews.com January 25, 2011, click on
"Financial Crimes Ignored" by Danny Schechter
"Hogwash" by Robert Sheer
"Financial Crisis was Avoidable, Study Says"
"Tax Cuts, not Jobs"
Laura Flanders on Trade