In college I was taught in Economics 101 that protectionism simply just doesn't work. If this is true however, then why is it that China has about twice the amount of economic growth per year than America - seeing as how China applies so much protectionism to their economic policies?
And furthermore, why is it that the sector of the American economy which is historically the most ideologically opposed to protectionism - the financial sector - so successful at securing protectionist bailouts for themselves whenever they fuck shit up beyond repair?
Does anybody else find this anti-protectionist rhetoric which spews forth from the mouths of Wall Street Economists to be, oh I don't know, complete-and-utter hypocritical nonsense bullshit?
Could it be that we're being lied to?
Perhaps they should rewrite Economics textbooks to say that protectionism doesn't work - until shit hits the fan. Or perhaps they should just stop pretending that protectionism doesn't work - you know - for the sake of reality.
Hey what do you call an Economics student that graduates last in his class? You call them an Economist.
But what do you call a college dropout who majored in Economics but wasn't smart enough to hack it through college? Well you call them an employee of Rupert Murdoch of course!
1.03.2011
Why Stronger Economy Means Stronger Government
It's not possible to have a strong government without a strong economy because government services are funded by tax revenues. Higher tax revenues resulting from a stronger economy result in more funding for government services.
Democrats achieve stronger government by generally advocating economic policies which increase the circulation of goods and services, which lead to higher tax revenues and thus more funding for government services. Republicans however achieve weaker government by consistently advocating economic policies that weaken the economy - such as free trade, deregulation, and the outsourcing of jobs to other countries.
Societies that weaken their government by weakening their economy become less functional as well as more discordant than societies that strengthen their government by strengthening their economy.
Think about it.
Democrats achieve stronger government by generally advocating economic policies which increase the circulation of goods and services, which lead to higher tax revenues and thus more funding for government services. Republicans however achieve weaker government by consistently advocating economic policies that weaken the economy - such as free trade, deregulation, and the outsourcing of jobs to other countries.
Societies that weaken their government by weakening their economy become less functional as well as more discordant than societies that strengthen their government by strengthening their economy.
Think about it.
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