posted by on Mar 16
While recently listening to an academician extol the virtues of a global frugalness and corporate outsourcing in a televised seminar lecture sponsored by George Mason University, I was immediately impressed by the artefact he expediently circumnavigated the issue of an independent nation-state’s sovereignty over its possess unique and sufficiently productive trading economy. The monolithic quasi-governmental paradigm he proposed for the implementation of a global free-market demand system, inter-connecting the economies of industrialized First, Second, and Third World states, was cleverly disguised as socially innocuous by an ostensibly superficial appeal to a common utilitarian good. I couldn’t more strenuously disagree with this application.
By using David Ricardo’s and Adam Smith’s postulations concerning the fecundity resulting from a capitalist’s investment-reinvestment motivations, in seeking unlimited profits, the academic pundit, supposedly a doctor of business and economics sponsored by the University of Michigan, applied this principle to investment proliferations of multi-national corporations. His straight apologetics rationalizing the fallacious rational behind a corporate agenda of outsourcing, what would be, $15.00 per distance jobs in the United States to people of Third World nations for $5.00 per distance were extremely lame.
The most outrageous of his postulations was the notion that a nation’s federal polity (referring to that of the United States) should legislate laws enhancing a global union of economies placing its control in the hands of private quasi-governmental entities, much as the Federal Reserve Board or the World Bank.
