Asian
Economic Crisis
- with Darrell Udelhoven - ©1997-2006
The Real
Political
Issues are the Issues the Corporate Media Seldom Cover
Publisher of the Series - The Real Political Issues & People
Empowerment
The
Supreme Importance of Reforming Global and National - Investment,
finance, and Economic Policy Making
Over 6 billion
human beings
are wholly reliant on a "justice
based" global: investment, finance, and
economic
policy regulatory system. What we must have is: "a mutually
beneficial
and prospering public purpose in our national and global investment,
finance,
and economic policy making." We don't need policies that further
empower
Transnational Corporations in their exploitation of the homeland
economies
of countries and their peoples -- who are thereby rendered powerless to
respond!
How long can this
imbalanced economic policy paradigm continue to escalate before the
homeland economies of the major First and Third World countries
crumble?
The flood of over
exuberant over investment by thousands of global corporations has
resulted in the overbuilding of production and other capacities,
far in excess of need; which in turn results in massive creditor
losses; but of course they insist the International Monetary Fund (IMF)
should bail them out.
Remember, there
are some
37,000 multinational corporations, and between them they represent four
fifths
of all world trade and most of the foreign investments.
A
Top Priority - Opportunity to Earn a Living for 6 Billion Human Beings
It is
obvious we should work with the universal laws of balance and equity in
all relationships that lead to mutual economic prosperity. A clean
environment is a key part of this sustainable balance! Existing
global agreements violate all the laws of equity of economic
opportunity and mutual broad based worldwide "human economic unit"
prosperity. Thus, leaving no economic opportunity to earn a livelihood
for billions of our World's Citizens.
Asian
Economic Crisis - Result of Exploitive Global Corporate Investment Craze
In the new
world order economy there are 37,000 global operating corporations and
between them
they represent four fifths of all world trade, and most of the foreign
investments.
These global operating corporations represent two thirds of the world's
economy!
They are also the initiators and promulgators of nearly all of the
global
investment, finance, and trade policy agreements. Many of which are
conducted
in secrecy. The only real global competition is between those 37,000
multinational
operating corporations. The homeland operating economies of countries
have
no way to compete against the huge regulatory and production costs
differentials
between First and Third World countries. This has resulted in global
economic
crises' in many communities worldwide. The actual costs of these
horrific
injustices, were it accurately computed, would be staggering.
Transferring
or exporting a countries core wealth producing manufacturing industries
and
their wealth producing jobs to the least regulated and cheapest
production
cost countries in the world will eventually devastate the local
homeland
economies. These agreements allow these corporations to be big time
winners
by exploiting, in every conceivable way, the homeland economies of both
the
developing and developed countries.
Seminal
Issue: Funding of the IMF
How should
the IMF be funded and why. Tax payers were forced to pay for the
S&L losses. The line should have been drawn in the sand. The
investment banks and the corporate exploitive speculators are
responsible for these irresponsible investments
not the citizen tax payers of America and the rest of the world.
Therefore,
the responsible institutions should be held responsible for their
exploitive
ventures and not the victims of such outrageously greedy strategies.
These
exploitive speculators have made billions over the years; even perhaps
over
a trillion. Leading economist say, that if we were to tax all financial
transactions
of these types at the rate of one fifth of one percent it would raise
20
to 30 billion a year in the United States alone, and perhaps over 100
billion
worldwide. It is time the victimizers of the homeland economies at
least
fund and pay for their own investment and lending blunders! Come on
folks,
wake up and start marching and petitioning across America and the
World!
Let us act before it is too late!
The
Corporate political coalition cry is: bail us out; further deregulate
us; eliminate all tariffs; advance free trade; much more of the same
please, or we can not
succeed!
We are
beginning to hear short news clips about the real economic consequences
of this genuinely flawed global and Asian economic policy system. You
won't hear the press questioning
the validity of these investment, finance, and trade policies; we dare
not
question the gross lack of just moral standards and the total
inequities
of nearly all existing global economic policies.
The
Silence in the Press has been Deafening
The total
lack of, on-going exposé journalism, is a facilitating element
toward the furtherance of these massive debacles; because, the press
should have been outlining, defining, and comprehensively
reporting on the economic damages
that are being perpetuated by existing, horribly exploitive, global
economic
policy making.
In
Conclusion
The extreme
exploitive nature of the multiple thousands of Transnational
Corporations has resulted in massive global economic imbalances and
instabilities in the countries they
invest in, to exploit. Now, they want the International Monetary Fund
(IMF),
to bail them out with more of your tax money. Remember the Savings and
Loan
debacle that we tax payers bailed out! We could use intelligent
regulatory
controls to stop exploitive foreign investments, unfair finance, and
unjustly
manipulated, non-competitive, trade advantages. However, the new
corporate
initiated trade and investment agreements multiply these
non-competitive advantages that will continue to result in the failure
of financial institutions and the economies of countless countries!
I have always
stated that we should develop economic policies that result in the
strengthening of local economies toward optimal self sustain ability
and independence from the economies of other countries. I am for
investment, finance, trade, and economic policies that protect and
promote sustainable, and stable economic development and growth within
and between all countries, to the mutual benefit of all peoples in
every country worldwide. We should also reduce, to every extent
possible, our dependence on transnational corporations for our economic
viability because their policies and practices are predicated on
advancing their own selfish interests and will eventually destroy the
general homeland economies of countries. This will in time
threatening their national security, and destroy the ability of their
people to earn decent livelihoods! This exploitive policy is truly a
formula for a multiplicity of internal
revolutions and wars of a major magnitude worldwide.
Watch & listen
to the crisis in progress on CNN, C-Span and other news sources.
Corporations and their investors won, but countries and their homeland
peoples lost; eventually, corporations and their investors will lose as
well! As soon as I have time I will outline global and national
economic policies that will result in sustainable,
secure, and mutually prosperous economies of countries worldwide. These
policies
result in balance and equity within countries and between countries.
Stay
tuned!
Some
Policy
Arenas I Will Be Covering On This and other Pages
Wisdom
Based Empowerment
Communications
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