Nobel Economist Michael Spence Says Globalism Is Costly For Americans
Dr. Paul Craig Roberts | Global Research | May 31, 2011
These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at jobs offshoring and concluded that it has ruined the income and employment prospects for most Americans.
To add to the amazement, their research report, “The Evolving Structure of the American Economy and the Employment Challenge,” was published by the very establishment Council on Foreign Relations. http://www.cfr.org/industrial-policy/evolving-structure-american-economy-employment-challenge/p24366
[…] Nobel Economist Michael Spence Says Globalism Is Costly For Americans Dr. Paul Craig Roberts | Global Research | May 31, 2011 These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at … Read More […]
Yep, The corporate $ons of $he dogs have off shored and privatized everything that once was shared with us shumans.
Not only that, but have forced offshore oil on us while slacking on alternative energy. It looks to me like our next cottage industry, besides food production, will have to be the production of tinfoil and DEW weapons… 😎
It was always weapons and high tech. Interesting how that is going to work with dumbed down kids who can’t afford an education or can’t pay back the costs after getting one.
This during a time when the money supply has been withdrawn. Depression is likely an understatement for such a deliberate debacle.
I would like to say that it is possible to get an education on the internet, but with the Joe Lieberweinerman iniative that appears to be looming in our immediate furture’ the info that we get from the innertubes will resemble something like we see in Popular Mechanics Magazine.