Globalization, Trade Deficits, and the New Working Class

Complete video at: http://fora.tv/2008/06/12/Gabor_Steingart_The_New_World_Disorder

German journalist Gabor Steingart blames western nations' trade deficits for the shift of traditional manufacturing jobs to developing countries, a phenomenon he describes as a "second industrial age - blue-collar 2.0."

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The 7 Fallacies of the Globalisation Debate: Is it destroying the West? The Flat World. Outsourcing. Free Trade.

Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: is it a force for good? - The Global Policy Institute

Gabor Steingart is a German journalist and author. From 2001 until the end of June 2007, he headed the main city office of the news magazine Der Spiegel in Berlin today, he is responsible for the mirror office in Washington.

Category:

News & Politics

Tags:

• debt
• deficit
• trading
• economy
• economics
• globalization
• weak
• dollar
• falling
• markets
• imports
• importing
• exports
• jobs
• workers
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[komputaman]

when slavery was "abolished" money was paid for working, now the money is worth less than the energy it takes to do a job, got to keep it going because we are free and our masters need our lives and taxes to pay for our freedom

[mans410]

Corporations have not Country, money is their goal wherever they can make more money there they will go if the rules allows them to do so, there is a shifting scenario from USA an Europe to China an India, we send our factories over there they send us their poverty, that will be the final result, and corporations will be more powerful than ever.

[sonever1]

Strange name for a group 'Global Policy Institute' --- sounds kinda, well you know.....'globalist'.

But this fellow Gabor Steingart makes sense in favor of Economic Patriotism and anti-offshorring.

I wonder if he has any younger sisters....and would that make them Gabor Sisters?

[sonever1]

So, the proverbial broken watch was right twice a day.

Marx, Lenin, Hitler, Stalin, Mao, ...lots of broken 'coercive socialist' watches.

[volwolf]

the globalist view, which has produced record trade deficits in the US, is promoted by corporate america and both major political parties. the end result is the destruction of the middle class in america.

[limonare]

Good video. Thank you.

[stone1home]

Karl Marx said as much a hundred years ago, by the way.