Posted in politics, tagged anger, borders, change, Clinton, Constitution, debate, dialogue, discussion, economy, election, establishment, fear, free trade, FTAs, globalization, GOP, inequality, jobs, NAFTA, neoliberal, nominee, Obama, optimism, politically correct, politicians, populism, president, Reform, safety, secruity, TPP, trade imbalance, Trump, wages on July 23, 2016|
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The 2016 presidential election year in many ways reflects the way in which reality TV — never at a loss for drama, exhibitionism and outrage — has begun to influence political theater. Political races have always been, to an extent, a dog-and-pony show. But GOP candidate Donald J. Trump’s out-sized assertions and foot-in-mouth moments don’t seem to have cost him to the degree they would have cost a presidential candidate in elections past. Aided by the let-it-all-hang-out evolution of social media, what passes for reasonable discourse rests at an exceedingly low bar. The question is, just how much success can a presidential candidate enjoy using this provocative formula?
Perhaps Trump’s success, beyond the fact that his outrageous statements attract a great deal of media coverage, would have failed if The Donald did not also tap into a growing populist frustration, signaling a sea-change the political establishment can no longer afford to ignore.
For all his grandiosity, Trump has managed to tap into very real American concerns.
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Posted in economy, politics, technology, tagged $2 dollar a day, 2012, 47 percent, accusations, American Dream, American way, Arab Spring, Australia, backbiting, badmouth, candidate, character defect, cohesion, community, competitive, Comptroller, consumer price index, consumers, country, crisis, culprits, David Walker, debt, deficit, democracy, Democrats, dialog, direction, division, Dong Tao, easy target, economy, efficient, election, emerging power, entitlement class, Europe, family, finance, financial aid, First World, free trade, fundraiser, future, gina rinehart, have nots, haves, help, incomes, individualism, insolvency, jobs, labor, lazy, living standards, low pay, middle class, minimum wage, Mitt Romney, money, nation, partisans, policy, political will, president, profits, pundits, questions, race to the bottom, raise all boats, real inflation, recession, Reform, regulations, Republicans, resentment, scapegoat, solution, stand together, sustainable, technology, Third World, threaten, trade for a new century, unemployment, unsustainable, USA, voters, wage loss, Wall Street, welfare state, West, whining, work, workforce, world markets on September 20, 2012|
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She’s the world’s wealthiest woman you’ve never heard of and she’s saying something you probably wish you hadn’t: “Gina Rinehart, world’s richest woman, makes case for $2-a-day pay“,the Los Angeles Times reports.
The Australian mining heiress has a problem. The cost of running a mining operation in Australia cannot compete with Africans willing to work a continent away for $2 per day.
There’s a certain elementary logic to Rinehart’s argument. If the two nations are selling raw materials at vastly different prices because of vastly different costs of labor, her operation loses. In a worse-case scenario, it might not even make sense to go on operating. From Rinehart’s perspective, profit is the objective and benevolence is a job — never mind if the jobs she creates fails to compensate workers well enough to keep the lights on. She’s precariously positioned on that slippery slope so common to today’s political and trade debates: It could be worse: no jobs.
The world’s richest woman has a point. But it doesn’t pass the sustainable-future test.
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