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How to destroy a great nation's economy

by JR Mooneyham

Apr. 18, 2008
 PERMANENT LINK 
Lawmakers plead for more foreign workers

According to the law of economics, the worse you need local workers, the more you have to offer to pay them -- unless you cheat your local community by bringing in workers from distant -- and more impoverished -- areas.

In that case, you economically depress your community in two ways: (1) you keep the local wages artificially low (basically causing ALL local workers' wages to be lower than they normally would, in a worst case scenario) and (2) you EXPORT more wages and tax monies OUT of your community to
In a nutshell, this is what the whole country of America has been doing to itself, via outsourcing and miscellaneous other wage depression schemes, for decades now.

If we're not yet beyond the point of no return, we sure as hell must be close!
elsewhere -- as the non-native workers you hire send as much of their incomes as they can out of your area, to their home regions.

This depresses both the tax revenues for your own government, as well as the revenue for all local businesses (including your own, if your business is dependent upon local customers!). This can increase the debt load of local businesses and government, causing them to have to waste more of their ever-smaller money pile on interest, and invest less in their metaphorical 'seed corn': worker training or benefits or infrastructure maintenance. Or schools, public health, etc., etc. So both the local workforce and the infrastructure which undergirds them gets run down and used up. Destroyed.

This all results in you gradually making your community (and possibly your own business!) ever poorer -- since the ultimate equilibrium in global wages may be a dollar a day(!). Ergo, this is one of the easiest ways to go from being a first world nation to a third world hole in the ground. Sort of like that proverbial frog in the slowly heating pot of water. He's cooked before he realizes the need to change his situation. Warmer and warmer (like higher short term profits) just seems better and better -- until it's too late.

The cosmic law of entropy (from physics) dictates that once you're beyond a certain point in many matters like these, you can't go back again.

In a nutshell, this is what the whole country of America has been doing to itself, via outsourcing and miscellaneous other wage depression schemes, for decades now. If we're not yet beyond the point of no return, we sure as hell must be close!

***           ***           ***
The Bush-McCain (and maybe Republican party leaderships') vision for America: Can you be held for 55 years without any charge?

And their vision is becoming a reality:

US forces release Iraqi photographer after two years without charge

Britons detained in Guantanamo Bay are freed without charge by anti-terror police

When will YOUR turn come?
 
"With the multiplication of laws and regulations, almost anyone can be hauled to jail, or have their money or property taken, for any reason."
When the State becomes God

It's way too easy to get hard time: With more than 4,000 federal crimes alone now on the books, you'd have to be Mother Theresa not to be in jeopardy at some point ...

***           ***           ***
Infected with Insanity: Could Microbes Cause Mental Illness?
Viruses or bacteria may be at the root of schizophrenia and other disorders

I first wrote this up as a strong possibility in my timeline a long, long time ago (maybe around ten years ago). And have used it in many places since as one big reason we need universal health insurance.

Timeline page (a roughly 1997-based prediction for 2007):
It's proven that some forms of insanity (like schizophrenia) are literally contagious diseases which may be 'caught' in some cases as easily as the common flu

(You might note my oldest reference for this item is from 1997; but I added more references as they became available over time)

JR Mooneyham  (www.jrmooneyham.com/) 

The Canadian replies, jmail69 replies
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