2016 Postmortem
Related: About this forumClintonomics will hollow out the economy and shrink, not grow the US middle class
Analyses of Clintonomics from the 90s ignore the fact that the disciplines on domestic regulation in WTO "reforms" in procurement of services in particular had still not been worked out (they are almost finished now) so the globalization component of Clintonomics was absent in the 90s. The globalization component will act as a engine of impoverishment for high skilled US workers who will be forced out of currently stable jobs in favor of guest workers who make a fraction as much, often young recent grads from wealthy families in poor countries, (poor countries' staffing firms may get some kinds of affirmative action in the procurement process.)
Its already very difficult for young people to enter a great many fields, Clintonomics will make it impossible for those who cannot afford years of working for free in internships after graduating with advanced degrees.
Instead, those jobs have been promised to developing countries as the payoff for globalization, and waved at them for 20 years, so now they want to see action.
Since these programs are legal, mandatory, in fact as parts of the public sector are broken apart, its not going to help one bit to demonize illegal immigrants, and its quite clear that both Clinton and Trump support these low paid guest worker programs which could expand to occupy a huge number of jobs, millions of jobs. All the time that has been put into the negotiations indicates that is their intent.
US firms will be forced to lower wages drastically or subcontract all the actual rank and file jobs to foreign firms.
Globalization of services will basically be the Clintonian "solution" for health care , education , IT and rebuilding suddenly uneconomical housing (because of jumps in heating costs due to increased competition for natural gas) and infrastructure projects. She is talking about creating "US jobs", but intentionally creating a situation where those jobs will be just as much if not more likely to be actually performed by foreign subcontracting firms and their workers, than Americans.
The numbers of guest workers contemplated in trade agreements is clearly large, (based on the at least two cases decades of negotiations going into finalizing the procedures in them.)
What have they been thinking? This secret dealing to sell out the country's middle class skilled workers is a national disgrace.
Hoyt
(54,770 posts)the ultimate "conspiracy theory."
Baobab
(4,667 posts)Look at the fact that HRC is trying to be SO nice to precisely the groups these policies will hurt the most.
Look for a document entitled the trade migration linkage, GATS Mode IV - at princeton.edu , I think.
People need to understand that jobs are bargaining chips in trade. Large service sectors like healthcare, teaching, IT, construction and so on, represent large collections of bargaining chips of high perceived value.
To get the people to (foolishly) allow a one way permanent sacrifice of things essential to their survival big fake justifications are needed.
So we have our 20 year long "healthcare crisis" while the kinks of GATS and now TiSA and the other two have been negotiated.
Of course, when it becomes world trade when WTO gets jurisdiction all the good parts of ACA will be dumped too, because they violate standstill. The changes were clearly adverse to corporate profit and subsequent to January 1998. That is not debatable.
So it will be really bad.
Hoyt
(54,770 posts)run our system? Would that be bad?
Baobab
(4,667 posts)The way its been planned to globalize it since 1994.
GATS Mode Four to be specific. Also, TiSA
TiSA, trade in services agreement. talks in Geneva, remember. They are almost done.
Movement of natural persons chapter.
But lets start with the done deal. Bill signed GATS in 1994. We- dont know who did this, but somebody signed the Understanding on Financial Services standstill in 1998 read it here: https://www.wto.org/english/docs_e/legal_e/54-ufins_e.htm (scroll down to "standstill". health insurance is explicitly reserved as a financial service. Standstill is connected to rollback. Any interested party can petition for rollback to the standstill date if they feel that their future profits have been impacted. Also, regulations may be "not more burdensome than necessary to ensure the quality of a service"; and
can not "constitute a disguised restriction on the cross-border provision of a service"
Satisfied?
Ive just provided you with unassailable proof.
HassleCat
(6,409 posts)Our party will win the presidency. Winning is all that matters, not what we do once we win.
JaneyVee
(19,877 posts)Lowest Af-American unemployment in US history. Nominated the 2 most liberal SCOTUS justices in US history. Wages went up. US Manufacturing doubled. Taxed the rich. And left a budget surplus.
Blame Bush.
Baobab
(4,667 posts)That destroyed more equity for US families than any other action ever. Especially black families. It basically wiped them out.
And now they want to do it again with TiSA.
http://www.democracynow.org/2014/6/20/a_plan_only_banksters_will_love
Got bailouts?