Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 2 (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Article Stats   6 comments

OpEdNews Op Eds

Globalization Destroying Our Nation

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; , Add Tags Add to My Group(s)

Interesting 2   Well Said 1  
View Ratings | Rate It

opednews.com

Our devotion to unfettered globalization, under the false pretense of “free trade”, is destroying our nation.  The United States has been listlessly pursuing economic liberalization and globalization for a generation; at this point it is no longer working in our own best interests.

      

The biggest obstacle to the United States is that our government is not doing what it should to combat the downward pressure.  We look at globalization and the internationalization of “free trade” as the greatest possible pursuit.  Our leaders think that by tearing down borders and decreasing tariffs we can get new markets for our goods and bring wealth and prosperity back to the United States.  The problem is that the United States does not actually produce anything.  We can wax poetic about the virtues of an open market system, but open markets only serve the suppliers and this country is not one of them.

      

Nations that produce goods of material value have prospered from free market dynamics, but the United States is not included among them.  Making matters worse is the fact that other countries are not playing by the same rules as we are.  In the United States we oppose taxes, tariffs, and regulations which impede the free movement of trade.  Other countries oppose our regulations, but they have kept their own in place.  When the United States pushed for other countries to reduce their import tariffs they simply replaced the lost tariff protection with the VAT, an import quota, or some other restriction.  Americans are so averse to the prospect of taxation that they refused to do the same, even though it is a proven success.

      

What we are witnessing in the globalized world is an America which is being run by people who cannot fully grasp the situation.  They fail to realize that our international competition is playing both sides.  Other nations have implemented economic protections to foster stability, and the most successful economies can be described as almost “mercantilist” in their policy approach.  They maintain import restrictions and subsidized domestic producers in order to guarantee a constant inflow of cash.  They guarantee a balance of trade surplus. 

      

Leaders in the U.S. seem to do everything in their power to guarantee deficits.  President Obama has railed against “protectionism” in the United States, but if we are the only ones not “protecting” ourselves we can hardly be expected to prevail.

      

The most important thing is for everyone in this country to realize that “protectionism” need not be an economic taboo.  We need to realize that the “mercantilist” structures of the 16th-18th centuries have not been replaced by open markets.  Rather, the old tricks of international trade war have been adapted to fit the modern system. Unfortunately, the United States is not following the leaders.

 

http://www.economyincrisis.org/

Craig Harrington is pursuing a degree in History and Political Science at The Ohio State University. He is also a journalist for EconomyInCrisis.org.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Globalization Destroying Our Nation

The Forgotten Debt

An Empire at Risk

The American System is No Longer Sustainable

The End of American Exceptionalism 

FIRST CASE OF ECONOMIC ESPIONAGE

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
5 people are discussing this page, with 6 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

There is a simple reason why the U.S. is not playi... by Simple Truth on Monday, Mar 2, 2009 at 5:56:28 PM
The US is the only country in the world today that... by Stephen Hansen on Monday, Mar 2, 2009 at 6:05:13 PM
IS THE UNITED STATES GOVERNMENT A CORPORATION? IF... by MARGARET BASET on Tuesday, Mar 3, 2009 at 7:20:10 AM
"WE SHOULD HAVE MADE BETTER FRIENDS OF THE AM... by William Whitten on Tuesday, Mar 3, 2009 at 4:30:45 PM
Hey Margaret,Did you notice my name at the bottom ... by William Whitten on Tuesday, Mar 3, 2009 at 4:37:37 PM
  It sounds as if we think this is, like Bush... by Richard Lee on Tuesday, Mar 3, 2009 at 8:12:56 PM