Focusing on US Sourced Supply Chain!
- Thread starter LowMilesLesabre
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It al started with Sam Walton and then the sheep followed.
Free market and capitalism.
Politicians did not only allow it, they encouraged it. Off-shoring was the economic goal of the Regan administration. That's how trickle-down economics starts: More profits at the top.
Milton Friedman was one of Regan's economic adviser. He wrote the "Friedman doctrine" in 1970 under the following title:
His whole philosophy is that a businesses sole purpose for existing is to return maximum value to shareholders. Anything less is "preaching pure and unadulterated socialism."
There you go, in the eyes of Milton Friedman and, by extension, the Regan administration, if you're against off-shoring jobs to increase profit, you're a socialist.
Capitalism!
If you'd like to read the entire Friedman doctrine: https://www.nytimes.com/1970/09/13/...-social-responsibility-of-business-is-to.html
Ummm you're leaving out a critical factor of "A FREE Market" and the market is anything but. The offshore countries have been employing currency manipulation and protectionist subsidization for decades. The globalist agenda and us govt were just fine with that as long as the "Big Guy" got his cut. The uneven economic playfield was massively tilted AWAY from the US and capitalists just did what they do and find the path of least resistance. Claiming that capitalism is the root cause is just plain wrong.
Many years ago the Globalist progressives promised that the US workers would get the clean high pay tech jobs so it was perfectly OK to let go of dirty low paying manufacturing offshore. And there again the H1B visas started pouring in to take those jobs.
If you want to blame someone for the US being hollowed out look in the mirror. We did NOT vote for someone that would do something about it. Instead for Cheap/Free stuff. The last guy was trying but got tossed for mean tweets.
The current direction is a total disaster. Noone wants to work yet still get checks and govt is flooding in the low paid workers that are gonna crush us even further. Are you gonna keep whining about Reagan and vote for clowns or will you vote out the swamp clowns and get back to work?
Many years ago the Globalist progressives promised that the US workers would get the clean high pay tech jobs so it was perfectly OK to let go of dirty low paying manufacturing offshore. And there again the H1B visas started pouring in to take those jobs.
If you want to blame someone for the US being hollowed out look in the mirror. We did NOT vote for someone that would do something about it. Instead for Cheap/Free stuff. The last guy was trying but got tossed for mean tweets.
The current direction is a total disaster. Noone wants to work yet still get checks and govt is flooding in the low paid workers that are gonna crush us even further. Are you gonna keep whining about Reagan and vote for clowns or will you vote out the swamp clowns and get back to work?
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examples with exact numbers?
You understand the US economy is neither of those; we are a regulated economy.
Having said that, business is mostly free to do as they wish withing regulations, or as far they can push regulations.
Regarding capitalism, we are a mixed economy of capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
That's not all he did wrong.
Friedman was ferocious regarding profiteers. Any business executives who pursued a goal other than making money were, he said, “unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.” They were guilty of “analytical looseness and lack of rigor.” They had even turned themselves into “unelected government officials” who were illegally taxing employers and customers.
Hence we have today's economy. If you like it, thank the "supply siders". If you don't, thank the "supply siders".
The flaw in Friedman's pro-profits and anti-taxation economic theory was governments would grow deficits, which he was against.
Remember, "deficits don't matter!"
Anyone who thinks we have followed Milton Friedman's economic theories is sadly mistaken.
Hence we have today's economy. If you like it, thank the "supply siders". If you don't, thank the "supply siders".
The flaw in Friedman's pro-profits and anti-taxation economic theory was governments would grow deficits, which he was against.
Remember, "deficits don't matter!"
Anyone who thinks we have followed Milton Friedman's economic theories is sadly mistaken.
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don't you watch the news? ...Oh yes some news channels dont report the news anymore. not sure there is exact numbers but ~2 million and counting from 30+ different countries this year.
from now on I will follow your posts on bitog; hard to beat the amount & quality of news YOU offer /s
The supply chain problems were caused by two main things:. 1) people buying a lot more stuff because they were not going on vacations or out to dinner 2) many business had gone to just in time manufacturing. A shipment of chassis arrive the morning they will be used in the assembly line to make new cars. Very efficient as long as the supply chain runs smoothly.
The best thing we can do is to get more rail capacity into the ports.
The best thing we can do is to get more rail capacity into the ports.
The supply chain problem was caused by 1 thing. It is not a topic for BITOG.
That is easier said than done. The ideal solution is to have the cranes unload the containers off the ships and directly onto rail cars. Some ports have that capability. Most don’t.
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Some people just don't understand that we were better off pre-1/20/21 than after.. and all the usual talking points have emerged.
+1 Yes the old my team vs your team talking points ....yawn. Meanwhile out of control money printing and inflation ala Jimmy Carter 2.0/Brandonomics where we kill domestic oil production to help lower energy prices. And flood in millions of immigrants to help more citizens get to back to work. This should also be great news for good paying union jobs ...rigggght? Did you see what Kellogs its up to ...On The News?
This is not a red or blue thing It is Statists vs freedom thing and the statists are on a full court press now..
This is not a red or blue thing It is Statists vs freedom thing and the statists are on a full court press now..
More legal immigration? Good! Increase the limit! We clearly need more workers to take the "lower paying jobs". The pandemic has been good for one thing, and that's a lot of people working in low-paying jobs realized that they are worth more than that, and either went back to school or took higher paying jobs. Business owners are finally starting to get the hint that they can't just be entitled and expect people to line up to work awful jobs as line cooks or servers for near minimum wage with no PTO and no benefits. Wages are finally starting to go up, people are quitting jobs for better ones. This is the most employee-driven labor market in 50+ years, workers have the control, and that's the way it should be. Not to mention the now close to 1 million people who are no longer with us, and a lot of those people were still in the labor market, so there's a big void to fill.
You realize that oil companies could still pump oil right? Limiting *where* they can drill for oil doesn't really affect it. If you did some research you'd discover the reason domestic oil production is down is mostly that US shale companies have repeatedly gotten burned. They poured all of their money into drilling for new wells, and then when oil prices crash for one reason or another, they suddenly need to cut expenses hugely and many went bankrupt. That has nothing to do with political parties. Shareholders in these companies have been demanding they take a much more moderate, slow-paced approach, and invest less in new production and more in shareholder payouts, and if prices crash again they won't be left holding the bag as they have the last 2-3 times its happened. Any "no drilling in protected lands" stuff really has nothing to do with it, its entirely economic and learning from past experience. Sucks for consumers that are used to low oil/gas prices, but OPEC+ and American producers are tired of the boom-bust cycle. Not to mention all these companies actually *benefit* from higher oil prices, so they have financial incentive to pump less and keep prices up to improve margin. This is an instance of "free market" working against consumers, not for them.
https://www.npr.org/2021/03/06/9736...ts-energy-companies-to-pump-less-oil-not-more
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