Posted by: CS | October 2, 2012

How globalization is destroying the livlihood of Western youth

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Greek Youth Unemployment Hits 55%

The economic elephant in the room that no Nobel-Prizing-winning economist dare mention is globalization and the offshoring and outsourcing of Western jobs to the Third World.

See also:
CanSpeccy: Obarmy Is a Tyrant But Romney Could Be Worse
Sep 08, 2012
In fact, offshoring is the gift of what was US GDP to China, India, and the other countries to which US corporations locate their production that they sell to Americans. US GDP goes down, the GDP of the countries who make the …

CanSpeccy: The New Conrad Black: On the Stupidity of the Last four American Administrations …
Aug 30, 2012
A few months behind bars seem to have done former Canadian Citizen, his Lordship, Conrad Black much good. Other newspaper proprietors would no doubt benefit from the same experience. By Conrad Black The Financial …

CanSpeccy: How globalization destroys Western prosperity
Jul 10, 2012
But what the shills for globalization fail to mention is that comparative advantage, as Ricardo defined it, presupposes immobility of capital, a condition that certainly does not apply in a globalized economy, where international …

CanSpeccy: Niall Ferguson: The Failure of the European Union and …
May 25, 2012
In an interview with Michael Posner for the Globe and Mail, Ferguson points out that it is globalization, i.e., free trade with four billion third worlders earning pennies an hour, that is impoverishing low-skilled european workers, …

CanSpeccy: How the Rich Destroyed the Economy
Sep 27, 2011
Economic policy failed for three reasons: (1) policymakers focused on enabling offshoring corporations to move middle class jobs, and the consumer demand, tax base, GDP, and careers associated with the jobs, to foreign …

CanSpeccy: Exporting the economy
Dec 02, 2011
“Free market economists” are paid to sell offshoring to the American people. High-productivity, high value-added American jobs are denigrated as dirty, old industrial jobs. Relicts from long ago, we are best shed of them. http://canspeccy.blogspot.com/

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