Archive for the ‘Slave Labor’ Category

Monetary Policy has no Effect on Wages in a Slave Society

Saturday, May 9th, 2015

Imagine that you are Fed chairman in 1830, and at an FOMC meeting you ask the committee: “how can we adjust our policy levers here at the central bank to get a wage boost for the slaves down south?” What would happen? Your fellow fed-heads would probably look at you like you were insane. Then they would offer suggestions, trying not to giggle in the process.

In the future, a big milestone in the march toward a fascist slave-state will go into the history books when Congress formally relieves the Fed of its mandate to strive for full employment. Perhaps this will be done in the aftermath of a global financial catastrophe caused by the Fed pumping absurd amounts of liquidity into the global financial system.

This is inevitable because with the ever-expanding policies of free-trade and mass-immigration, what is left of the USA’s economic boarders are rapidly melting away. And that’s why the wage data is still punk after trillions of stimulus from the Fed: wages in the formerly-sovereign USA cannot rise until after wages rise in the “Mexico” and “China” and “India” regions of the neoliberal global empire.

It’s pretty obvious that the Fed, and the ECB, have succeeded only in creating massive distortions in global financial markets (such as negative rates on German bunds). Perhaps this is why Janet Yellen is so hesitant to make even a teensy quarter-point rate hike: she knows that she will have to engineer the mother of all soft-landings. The path of least resistance for her would be to keep rates at zero until a rise in inflation forces her hand. Once the CYA is in place, she can blow up the world.

If David Rockefeller and his neoliberal oligarchy were competent, they would have removed the Fed’s full-employment mandate long before they reached their goal of commoditizing global labor at a wage-rate of $2 per hour. But they are anything but competent, and the 2008 financial crisis was only a small taste of the havoc they will wreak upon this nation.

Godspeed Janet Yellen, Godspeed.

Slave-Labor Meme Gains Steam

Saturday, April 13th, 2013

Almost two years ago, I created a “slave labor” category on this blog, and wrote the first post in that category: “Caught Slaving – Again.” Since then, I have been crusading against the return to a slave-labor based economy – pretty much a one-man crusade. So, I was shocked to see slave labor discussed on CNBC, of all places, on Friday’s episode of The Kudlow Report. And it wasn’t a Democratic pundit who brought it up; it was Republican Ann Coulter. And she also brought an argument that you normally only hear from Democrats: that “welfare” programs like food stamps are really a subsidy to companies that employ workers at slave-labor wages. For example, near the end of the video below, she says:

“I’m subsidizing the cheap businessman’s cheap labor.”

Coulter also thinks that the 14% jump in young black men voting for Romney is because of his tough position on immigration. I have outlined in red the polling data from Pew Research:


As far as I can tell, nobody really knows why so many young black men ditched Obama. However, it is indeed possible that Coulter is correct, and blacks are becoming increasingly aware that their high unemployment rate is due to mass immigration. I’m sure that Romney personally fired many African-Americans as he was shipping jobs to China en-masse during his long destroying-America career, but there was more noise about his immigration position during the debates, what with “self-deportation” and all. So, it is indeed plausible that that is the reason why those black men switched parties. They just want their jobs back, and Obama has not delivered, but rather has made things worse.

Of course, we don’t want to give too much credit to Coulter, because like she said in the video, under the “right” circumstances she would erase the USA’s borders just as eagerly as Kudlow and Norquist would. And the minimum wage; and child-labor laws, etc. However, if subsequent research finds that blacks do indeed want an end to mass immigration, the Republicans might seize the opportunity to steal the black vote from the Democrats.

And then the “Party of Lincoln” would have come full circle. The Republican Party was formed to end slavery, and that’s exactly what their first president, Abraham Lincoln, did. However, in recent decades, the Republicans have pulverized the black community under the globalist, neoliberal “leadership” of David Rockefeller. Their jobs have been sent abroad, and what few remained have been taken over by a massive wave of immigration – all in the name of cheap labor.

It’s hard to believe that the Republicans would once again fight against slavery, but I don’t see the Democrats racing to do it. In fact, I see even the labor unions agreeing to a larger tidal wave of immigration. And it might be the only way for the Republican Party to survive, because as we saw in 2012, Asians and Latinos are running away from them.

Today, all three major political factions are neoliberal: Republicans, Democrats, and Libertarians. But as the Urban Intifada intensifies, it is very possible that the first party to turn against neoliberalism will be the party that carries the day in the future. Neoliberalism is the cancer just waiting for a political party to come along and win glory by excising it.

Roll the Tanks!

Wednesday, September 26th, 2012

Is it just me, or is Larry Kudlow eager to drive tanks over Chinese workers?

At the 1:05 mark of the video below, Kudlow asks his guest:

“At what point, if these internal company riots continue, does the Chinese government crack down with Tienanmen Two, or 2.0, or 3, or whatever? At what point does the Chinese government crack down?”

What kind of person is a Tienanmen Square Massacre fan?

And Kudlow seems to yearn for a whole series of massacres. Using a software nomenclature, “2.0”, implies that Kudlow is yearning for improved massacre methods. Like a giddy fan boy, he’s drooling over the prospect of sexy new slaughtering methods. Maybe the tanks will have special “gore scoopers” to clear away bodies more efficiently. Maybe the tanks will come in multiple colors. OMG! I can’t wait! I will stand in line all night!

The funny thing is that at the time, we didn’t even know what caused the riot. Today, DigiTimes reported:

“Foxconn said it will also ensure its duties relating to employee welfare are implemented and it will make over-time payments as promised.”

Looks like those workers had a good reason to riot after all.

Note to Kudlow: What do you have to say about that? Or do you condone the practice of “wage theft”?

DigiTimes also reported that Foxconn will “strengthen their patrols” and “work to pacifying their subordinates.”

Has Donald Rumsfeld been appointed CEO of Foxconn?

And no, the multinationals will not pull production out of China. They have the same attitude that Kudlow does: militarized production is a feature, not a bug.

Caught Slaving – Again, Part 2

Tuesday, September 11th, 2012

The New York Times reports that Chinese students are being forced to work as “interns” on Foxconn assembly lines. Said one student:

“The university told us it’s a good way to experience corporate culture,” a 19-year-old student told China Daily newspaper. “Even though many of my classmates are reluctant to go to Foxconn, our teachers still asked us to work there starting in August.”

Ironically, what the kid said is all too true: it is indeed a good way to experience multinational culture.

What ever happened to the America that prided itself on abolishing slavery?

Wage Equilibrium = Code for Slavery

Thursday, March 29th, 2012

If somebody says to you that we can cure unemployment by repealing the minimum-wage laws so that wages can fall to their equilibrium level, you are either talking to a fool or a slaver. Libertarians like Lew Rockwell fall into the fool camp, and Republican Ann Coulter is an example of a slaver.

First, we already tried this. During the Great Depression (before the minimum wage was adopted in 1938) wages found an equilibrium level below the amount where a worker could purchase enough food to stay alive.

How does the fabulous “invisible hand” solve that problem? Easy, you just let workers starve to death until their numbers are reduced. Eventually, the supply of workers will fall to the point where wages rise to non-starvation levels.

And how long would that take? Well, for all practical intents and purposes, the supply of surplus humans in the world today is infinite. Billions and billions as Carl Sagan used to say. And since the equilibrium crowd is also an open-borders crowd, the USA would very rapidly come to look like Bangladesh – and it would stay that way for a very long time.

As we are seeing in the warehouse industry, we have already entered Grapes-of-Wrath territory while importing a mere 1 million legal immigrants per year.

In the 1930s, Florida deployed law-enforcement officers along its borders to keep immigrants out – its northern borders with Georgia and Alabama to keep Americans out. The state was trying to prevent an explosion of homelessness as migrant workers poured into the state. (California did so also).

Why were the migrants coming if there were no jobs? Because the growers were advertising for them. Since there was no minimum wage, the more workers that showed up, the lower the wages the growers could pay. By increasing the local supply of workers, the growers lowered the equilibrium wage.

Of course, they also created horrible, squalid working conditions where workers beat each other to death to land jobs in order to feed their starving children. The libertarian dystopia didn’t end until the federal government vacuumed up surplus workers and set them to building war matériel.

You and I might be appalled at the state of the nation when thousands line-up to apply for minimum-wage jobs at McDonald’s and Walmart. But do you think our CEOs feel the same way? Or are they drinking champagne and toasting to rock-bottom equilibrium, while scheming to get it even lower?

The historical fact is that the USA grew to the height of its power with the minimum wage, worker-friendly labor laws, strict immigration control, tariffs, Glass-Steagall, etc.

And it wasn’t a coincidence.

None of those things are the poison that the equilibrium-istas would have you believe.

Note: Read more about Florida’s libertarian dystopia during the Great Depression here.