On 15 Oct 2004 05:14:40 -0700, (Ray Kinzler)
wrote:

I posted this article before but it fits in better here. It is an
article about how economist Paul Samuelson has done an about face on
globalism and says it will cause grave problems in the country that is
pushing all its labor off-shore, specifically mentioning China.

This is the quote I especially like:

"Samuelson's insight is that if a low-wage country like China suddenly
makes a major productivity leap in an industry formerly led by the
United States, the result can be a net negative for the American
people. Although American consumers may benefit via low-low prices at
Wal-Mart, their gains may be more than outweighed by large losses
sustained by laid-off American workers."

As before, I am hesitant to quote the entire article because of
copyright laws
but here is the url to read it yourself:

http://www.prospect.org/web/page.ww?...articleId=8521

A good article and a book that's been long overdue. After listening
to Ralph Nader speak to this very subject last night, I really wish we
had some realistic hope of getting him elected.

With the almost-total loss now of our manufacturing base, our economy
is based on smoke&mirrors, hamburgers and "information technology"
(which is essentially nothing).

The only people who really believe in the 'global economy' are the
very few who are enlarging their personal fortunes. For the rest of
us it's disaster, and NAFTA is the most close-to-home example I can
think of at the moment.

One of the shining examples of how bad NAFTA is, is that the state of
Michigan cannot stop Canada from hauling their trash and hazardous
waste across our borders. Now, this is a country with a land mass
pretty much equivalent to that of the United States and a population
of some 30 million. Surely, somewhere, in all that wasteland, theres
room for a landfill of their very own. And on top of all that, one
very greedy and uncaring US developer is now drilling a 'deep well',
into which he intends to let Canada inject even more hazardous waste.
The only thing that can stop this is action by the US congress, and
the liklihood of that happening are just slightly less than me having
Britney Spears show up on my door tonight for a date.

(Soapbox now properly stowed. Thanks for listening.