Saturday, January 22, 2011

The Role of Our Political Elites

On the eve of Chinese President Hu visit to the US, the Peoples' Daily printed an article that asked "If China becomes the world's dominant power". Provocative stuff before a visit. But probably reasonable. China has the world's largest population at 1.33B people, so China should have a dominant economy and global role.

Of course that doesn't mean that the Chinese people will generally benefit from world domination, like the american people did during the period of US global domination. The Chinese people have no rights and few benefit from recent Chinese economic improvements. The Chinese people are basically slaves to their leadership elites who run the government and their economy.

Various american leaders admire the Chinese and participate in the Chinese miracle. Jeffrey Immelt, GE CEO, is is staunch Obama supporter and a big participant in China. He has reduced american jobs at GE this decade and built a huge GE presence in China. Perhaps he finds doing business in China is more profitable than doing it in the US. Perhaps because of the slave status of the Chinese people.

The US economy created 15 million fewer jobs in 2000-2010 than forecast and in any other historical period. No one knows why. Ten percent of the workforce never materialized in this decade. Is this because of the depression or is this the cause of the depression? No one can say. Could this be because our business elites moved 5 percent of our work overseas while simultaeneously implementing technology to reduce employment by an additional 5 percent?

There was a time when american business leaders saw themselves as americans and looked after american jobs. Global multinational corporations do not see themselves as american entities, instead just looking for profit anywhere. No matter the job losees in any given country.

Our new global elites see themselves as global citizens who can amass unbelievable wealth and power from their work. If successful, they can destroy the God-given rights of the common man and live like Caesars while most of the people of the earth live like Roman slaves. The american people must be destroyed for their plan to work. That is the role of our political elites today.

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