We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore LappĂ©, excerpt from Time for Progressives to Grow Up

Monday, January 30, 2017

Beyond Trump and free trade

Click here to access article by economist David Ruccio from Real-World Economics Review Blog.

It seems to me that Ruccio ignores a part of the data regarding the effects of NAFTA that he presents in this article, and I would like to point out its significance. I believe that it is consistent with an analysis from another report entitled "Wealth distribution in the United States and the politics of the pseudo-left" which I posted on my website about a week ago.  

If the following graph of Mexican salaried workers (which he supplied) also applies to American salaried workers (which I believe it does), then American middle class workers have also benefited from NAFTA.

[Note: the graph compares Average real salaried workers (the green line) with Average wage workers (the dark line).] This is another illustration of the fact that the rich ruling capitalist classes must reward their middle classes whenever they promote legislation to serve their interests. It's called "co-optation".

However, an increasing problem for the rich ruling capitalists is their increasing introduction of more sophisticated information technology and especially automation. These technical advances is already reducing the number of middle class salaried workers; and as this development accelerates, it will present numerous problems for the stability of capitalist rule. 

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