Globalization - still the elephant in the room

Great article in The Nation about the effects of our trade imbalance, our job imbalance and the whole US economy, which appears to be on the brink of dragging the entire world down with it.

Only in America do multinationals get to behave like free riders, with no strings attached. They harvest public money as subsidies and investment capital, they are protected by US armed forces and diplomacy, and they are rescued when they get into trouble. It is a one-way relationship, and the American public knows it.

The author believes that President Obama understands the problem, and has ideas about how to turn it around, but as usual the treasonous Republicans are standing in the way.  Their vision is for their richest donors to own the whole world, with the rest of us as wage slaves in a feudal/capitalist society.

Oh, and did anyone ever explain to you the capitalism does NOT equal Democracy?

I used some words that will probably get me in trouble in this blog post:  treasonous and wage slaves.  But I see no other goal toward which the Republicans' policies point.  They say they want to create jobs, but that hasn't worked yet and it has been tried off and on for 40 years.  No, their goal lies elsewhere, and it is not good for the rest of us.