Inequality Is A Feature, Not A Bug, Of Global Trade Deals

Hey, guess what turns out. I was reading this article by Dean Baker at the Institute for New Economic Thinking. He says that

inequality

as a selective

trade

protection policy favors people with higher incomes, so you understand how when they set up these

trade

agreements they don't do it. put protections or safety nets and for workers in our country that are going to ruin well, but they do put protections for administrative workers for some watches, for example, he said that this is, he says that the relocation of manufacturing may have harmed many workers. People in the United States, but professionals and intellectual property have been strongly protected.

Globalization and technology are routinely cited as drivers of

inequality

over the past four decades, while the relative importance of these causes is questioned. Both are often considered natural and inevitable products of the functioning of the economy. economy rather than as a result of deliberate policies, so what they're saying, what he's saying is that people are saying, yeah,

global

ization and technology, sure you know that's going to cause inequality, you know, when we get to

global

ization, there will be more people who will lose jobs. and there will be winners and losers and all that, so what they're saying is that people have accepted that yes, that's how it happens when you have globalization and technology, those unions shouldn't have been so greedy, that's why Addy wanted, they wanted those fair wages and vacation time, they're so greedy, that's right, yes, that's right, but what Dean Baker is saying is that no, that inequality that is generated from globalization and technology, which is on purpose, which is that deliberate political result that is not. just a natural result, that's all.

I go back to people who like to say free market and as if markets were invented in some other universe and grew from organically grown markets, they are invented by people with money and there to establish themselves. they create rules to protect themselves that's what markets are markets don't suddenly adjust to appear in nature they weren't handed down by Jesus Christ markets are invented and their markets are just rules it's okay and you can have a policy that favor workers and decrease inequality or you can have policies that screw workers and favor inequality and that's what he's saying, no, we have these trade agreements that are specifically rigged to increase inequality and income and spending well, how do you mean?, he said, in fact, both the course of globalization and the distribution of rewards for technological innovation are largely the result of policies, to the extent that they have led to greater inequality, this has been the result of conscious political decisions, so again, this is not the case when Barack Obama stands up and says, well, we have to do this, we can't pretend we don't live in a global world, we can't just shut down our borders with the invisible hand, but like that, yes, but then it gives you a false option, you can't live in it, you can.

Don't you know that you close your borders? So he only offers you one alternative: the TPP, there is a different alternative. Better trade

deals

, how about better? Yeah, those aren't. You don't have to sell your own sovereignty, your own workers, to a race to the bottom to send good jobs to the poor in an even more desperate situation, that's not you; those are the only two options that Barack Obama and the political class offer us and as he is showing you, it is a conscious choice to make trade agreements than to increase inequality, that is what he is telling us, man, you feel that it puts us manufacturing workers in direct competition with their much lower paid counterparts in the developing world and they take advantage of lower labor costs and then ship their products back to the United States, so that's what happened with NAFTA, so NAFTA was supposed to be free trade, what it really did was there used to be tariffs on products coming from Mexico, so now what the United States would do is they would continue to build things in the United States and they would continue to farm.

The United States still has everything in the United States because the tariffs have also now been removed, so now the factory farmers go to Mexico and grow everything and just reinforce it, use cheaper labor, all that, in fact, the manufacturers when they go to Mexico then did this, they could really use cheaper labor and then they import products without tariffs, without anything, so they just take what we used to do here and that used to be done by a person with a good job, we take that job . making it a shit job exporting it to a poor country and then we take the same product we use to take care of it, we just reimport it at a lower price, who does that? it only helps the business owner, that only helps the business owners.

It hurts workers, it hurts our economy because now workers have less money to spend in the economy to get that seed. He understands what he is talking about and goes on to predict that the actual result of this trading pattern has been a lower one. wages for manufacturing workers and now for non-college-educated workers in general as displaced manufacturing workers flock to other sectors of the economy, so that is predicted from these trade agreements, they predict lower wages for the manufacturing workers and workers without a university education, they know it, he continues it is impossible to get it, who guesses who protects doctors, they do not have to compete as if by magic, like manufacturing workers, he said it is impossible for Foreign-trained physicians practice in the United States unless they have completed a residency program in the United States.

In the United States, the number of residency positions, in turn, is strictly limited since the number of open positions is for four, so it says that we protect our doctors, our doctors, they do not have to compete with the people who In fact, he says that doctors, while this is a blatantly protectionist restriction, has persisted persistently and largely unquestioned throughout a long process of trade liberalization that has reduced or radically removed most barriers to trade in goods, the result is that doctors in the United States earn an average of more than a quarter of a million dollars a year, that is, five thousand dollars a week, on average They make twenty-two quarters of a million dollars a year, which is more than twice as much as their counterparts in other rich countries, so yes, we are paying twice as much for our health care in America because doctors get paid twice as much for drugs. everything costs twice as much everything trapped hospital stays everything costs twice as much in America medically because that's how the economy has been manipulated the laws of liberty have been manipulated The market has been written by people who are manipulating it to favor of some people and to the detriment of others.

The costs to the country of doing this for doctors costs the country approximately one hundred billion dollars a year in higher medical bills compared to a situation in which American doctors received the same salary as doctors in other countries. In places, economists, including business economists, have largely chosen to ignore the barriers that supported high professional salaries at enormous economic cost, so all these guys who put this all together, that's what he says, they all They ignore him, he is the first. person I've heard talk about this, have you heard about this before? No, not really, and I think something that we should point out to a common mistake that the general person often has is that they think, well, that's because there are a lot of us, but our doctors get paid more because they are better and why not, and then they say well, in other countries, doctors in other countries still make a very good living, yes, and you know what else they don't know, and me.

They still make a very good living, yeah, and you know what those doctors don't have, they don't have a lot of medical school debt, so there's kind of a balance here, they also have a knack for paperwork, I mean. if you have a National Health Service. like Britain, in a way, if you have a single payer system, it reduces paper, we have a huge amount that also saves money on staff because, this whole insurance industry processing thing and everything has a lot of rules different ones that change constantly for each patient and it is a nightmare.

I've been friends with some doctors when I was in Chicago and why didn't I just hate it? He got mad at the insurance companies for all the stupid paperwork they have to go through. Your time on the phone with insurance companies trying to get the right treatment for your patients is a lot just treating the patient it's almost like the people who make all the money write all the rules it's almost that strange right? A rare multivariate analysis indicates that economic elites and organized groups representing business interests have substantial impacts as impediments on US government policy.

Really tell us what you said, it's almost as if the people with all the money can set all the rules exactly as he said, while average citizens and mass-based interest groups have little or no independent influence in structuring trade and IPR rules two important ways in which policy has been designed to redistribute income upward over the last four decades there are many other ways in which the market has been structured to disadvantage those in the middle and lower part of the income distribution, perhaps most notably macroeconomic policies that result in high unemployment, while tax and transfer policies that reduce poverty and inequality may be desirable, we must also be aware of the ways in which policies have been designed. to increase inequality, so what you are saying is that yes, it is good to have government policies that try to mitigate inequality, i.e. taxing people and providing some welfare or providing free education or whatever, they are desirable , it would be better to have an economy, well, he says.

He says it's much easier to have an economic system that just produces more equality, so you don't have to get into Remini, the inequality of your economic system with the welfare of the government, so just have a better economic system. He says we could do it. that we could just set up our trade agreements that actually reduce income inequality, we could just do that, but we don't, what we have decided to do is have economic policies and trade policies that massively increase income inequality. protecting certain classes of people like the owning class and the rich doctors and things like that and ruining everyone else, so I would say we have better treaties, so in a sense you know what Donald Trump says that we have trade

deals

shitty. right, but your idea is that we are going to hire some American businessmen to go to Niek, who is the one who has been negotiating those agreements, now American businessmen who have no loyalty to the United States except to their businesses, their corporation, so yes They can ruin Americans. workers and make more money in Bangladesh, that's exactly what they do, we already have American companies making our trade policy, that's what Donald Trump is one hundred percent wrong, we already have a great businessman, they are doing it all at the behest of companies, certainly not at the behest of companies. at the behest of the Americans, yes, well, when we have a configuration that is so strategically flawed that it is so obvious because in the last 40 years, as this author indicated using that brand, we have practically become a completely service-based company . economy and now we no longer have a population that can pay for services because the middle class has been destroyed.

I've said that these people still tweet at me and email me. Where do you get this that half of the country's poor because half of the country in the United States is poor or in poverty Google half of the country is poor or in poverty just Google that I have to tell the adults go look it up on Google the people who were getting this from Google I'm getting it from the world I'm getting it from my fingertips on the Internet. This is not secret information. This is not hidden. Not only is it not hidden. This is a design of our economic elite.

They have designed it this way.