Secretary of State Clinton explained to the Chinese media during her recent visit, "We have to incur more debt … the US needs the investment in Treasury bonds to shore up its economy to continue to buy Chinese products."
Joshua Holland in his most recent article, The Spectacular, Sudden Crash of the Global Economy very nicely sums up the rise and fall of the global economy. He writes: In a short period of months, the entire system of global capitalism has screeched to a halt. No one knows what happens next. Read entire article here.
In my mind what happens next is a return to the past. I have memories of touring a shoe factory near a city where I grew up. Yes, we used to make shoes in the United States. My father owned shoes that were made less than 20 miles away from where he lived! And these shoes were made by union workers who took pride in what they did earned a decent wage for doing it.
We need to return to the local and regional production of goods that we now buy from production facilities located thousands of miles away. The days of exploitation are over. It is time to build new local/regional economies that are environmentally friendly and provide dignity and rights to workers.
Companies like Ethix Merch are leading the way in marketing high quality union made products at affordable prices. I encourage you to check out their web site. We can change things for the better. Companies like Ethix Merch and you will make it happen!
Labels: global economy