hari
i don't expect

a clone of the kold war nurtured

euro-com-mart

culminating in a regional currency

to emerge in east/southeast asia

at least not

any time soon enough

for u or me to factor into

our own personal

life plans

even if its in china's interest
—and i'm far from sure

it would prove to be so —-

its probably

not in japan's

and far more signifigantly

its definitely

not in uncle's interest

asean is asean

without the east asain miracles joining in

a common asian market

would be barely important

much like hugo-lulu et al's

latinomart

sure the biz has been good with the celestial kingdom recently

but ….

“beware the han menace “

still plays well 'round there

and a com mart over there

without the PRC and korea

is like …

well…

the 27 yankees without ruth and gehrig

addendum:

conjure

the hindu -han grapple

neither emerging giant
can close out the other

in the asean bloc

but both will eventually want to

insure equal access

though neither would join the others …club

result

impasse in south asia

as each powers proxy corporations

work to rip apart

merg moves

——-
“AND these jobs are all among the lowest paid already”

two countering policy moves
could change the landscape

a hyper weak dollar
and

a chock-full employment fed-budget

ogre on road to there ???

the inflation phantom

…
“offices are unbundled. Various service components are outsourced and increasingly offshored. This radically widens the circle of affected workers”

for us yanks
office function automation

and out sourcing

don't mean off shoring

unless the dollar forex makes it so..

right now it still does

…

“Europe needs stable families, especially those with young children “

reactionary romanticism

the fickle fate we call our family

must be removed from the crucial aspects of the

raw person rearing and nurturing game

ie

we must socialize socialization

not public ed past 8th grade
—-you oughta be self motivated by then—-

but

public care

from - 9 months to + 5 years

“I wonder why nobody talks about the even bigger threat coming down the road - robots”

mechanization plus cheap computers equals robots

what's new here reason???

the office cubicles and the factory floors of amerika
are obviously already

both hefty targets

for labor reduction thru mechanization

and the profit motive will continue to find

more

ironically
the cheapsubstitute over in asia

prolly retards the profitable implementaion

of robotization

their tech progress

maybe be in part

the globes innovation regress

put out of all jobs by robots ???

there is no lump of socially valuable production
that remains fixed over time..right ???

no generalized peak of production

at the margins of any on going
production system

innovations emerge

it takes—-err for now anyway —-

people to discover

and cook up these new recipes

(as doc Romo calls em )

PONDERABLE :

just how big —relatively —
might the FUTURE R and D sector get

to be ???

Posted by js paine at 05:09 PM

“There is no evidence that God ever intended the United States of America to have a higher per capita income than the rest of the world for eternity”

nice line
but why in the transition

do we the regular people

have to allow

our nasty border less boundless

corporate elites

hyper-skew our national income stream ???

the rest of the world catching up
shouldn't have to mean

we gotta

make the income share ever worse

for the domestic jobholding

majority of us

solow still fails to address fact one
in my estimation

the wage structure here in north america

has been and still is deforming

maybe as joe stig suggests else where
— and solow implies here —-

in a global system

maybe “we americans ” can “specialize”

in producing —and owning — intellectual property

that might pay for our product imports
so long as its combined with

our leading role in various manifestations

of hi fi loss-vegas

maybe like our globe leading farm sec
our once leading factory sec can shrink

its employment level to

a small portion of the job force

but hey shrinking the job force thru tech-prog is one thing

we still produce the biggest earth wide

share of corn and beef

by contrast

we're headed toward not producing at all

the spark plugs and curcuit boards

we once world dominatingly produced in the ike era

its thanks to the cio
households earning their keep

thru factory unskilled production line wages

went from below national average

to above averagein what ??

20 years ???

just losing these jobs to of shoring
means a net loss of wage rate

for our native born

skill less zillions

to answer
we can “specialize” in high skill jobs

ie

take more then our per capita share of the planet's

high skill jobs

may or may not be possible

— i think its not —-

but who is who dares say we can
—even if we have the native raw talent on hand —-

“produce these high skilled job fillers

“cheaper” then we can import them…..

importing jobsters
is a savagely ironic substitute

for slowing the exportation of production

bruce sneers:

“Solow was hoping for an exhaustive, equilibrium calculation of optimal financial sector size for the U.S.?

As far as I can tell, Solow is just being a pompous, ridiculous fool.”

go for it baby

perhaps nautical bob
jaunty wind sailor that he is

grows tired of the new century and its doldrums

and felt

a fiendish need

to savage a ….. press goat

—-

solow oughta pick on some one his own brain size

if i were to attack this here
three sheets flying bobkrieg….

i'd start by noticing
bob himself don't give us a go

on what's at stake when we run

a north /south over valued dollar operation

at the fed for two decades

and how in the end

its not the han red bankers

that make this good paying job stripper a go go go

but the hyper profits made on the intersection

of wall street and trans nat ave

by de industrializing america the beautiful
the high and mighty north/south dollar

creates a mid term trans pacific profit slurry

the usual limited liability tower trolls

over here at this end

can make out

like a cyclops among cub scouts

as to his sickening rendition
of the peculiar funds transfer mechanism

we worship as “savings/investment”

why yet another spell bound rapsode
to that homely but holy ghost of privateer capitalism

he'd have served us all better
if he'd demolished that wonderville mirage

and talked about the dangerously hyde like side of hi fi

or about the secret elixir

Senior Win so undauntingly brings to our notice

AS OPPORTUNITY PRESENTS ITSELF

credit creation lies behind
the mushroom cloud

of toxic gambles apon gambles

solow himself draws so clearly for us

without fully imploding its pretenses

to social welfare enhancement

instead he wacks poor kevin

albeit in a lax and half hearted way

hey
bob's had better moments of high polemic

but like most kold war liberals

its the rad left

that really gets him jazzercised

not a free lancing fourth estate hack

…
oh ya

the oil price patch is further evidence
guys like robert S phd

emeritus professor of the neoclassical synthesis

like most polly anna confectionaries

when the goin gets dirty enough ….

” just can't handle the truth”

…
sailor bob:

“The current run-up in (oil)price may contain a little speculative froth “

imagine even to the precise greenstainian wording

…
now you got me goin

the tripe about lowered cost of financing homes
horror show fraud

the lot inflation triggered by this “inovative ” mechanism
did nothoing of the kind

imagine a convenient stretch pay credit plan
that raised the price tag as it became more generous

and you got that side of the gimmick clear

okay so you need to do a little “on site ” digging
(analysis ?)

not a quick fly over at ten thousand feet

in the famous red white and blue

“neoclassical synthesis ” good time blimp

…
hell this left handed put down

by master robert of MIT

is shakier

then floor beams full of termites

no i won't touch the index question
i leave that tedium

to minds more rugged

and less paranoid

hell woudn't it be nice
if all UNCLE's numbers

are just an intricate curtain of lies

like the stats pumped out during

THE GREAT LEAP FORWARD

——-
and yet more !!!!

its the analysis of causal factors behind the deformaion of the wage structure that loops back into
one of the reviews topics…the dollars forex rate

and tha then loopps by analysis into the functions real and pretend of the hi fi sector

one real function of which
is to allow the asians to defy ricardo and olhin

and pin their money to the dollar

and by doing so

continue to batter our industrial sector

along with battering euro zoners too

of course especially when “our” hi fi ers

“attempt ” to correct our trade balance

by raising the euros dollar rate

when of course its our exchanges with the asians

and the oilers so hideously pegging their money

that are the ”real” source of the problem

over the last 20 years or so
both north america and western europe

have taken turns

absorbing the bigger blow from the south trade

by dancing their currency exchange rates

around each other

this is a north south scam
and must be settled by north south adjustments

now since solow is reviewing a book on our position in the world
surely our dollar policy warrents further analysis

but i bet free trader bob

the cosmopolite fears the truth here

with its yahoo protectionist similitude

after all ask any tenured prof
whether the emerging world's toilers

or our own homer simpson wagiate

oughta gain from trade

the answer would be obvious eh ???

and even if his macro assures him
the whole system if so impelled

could solve this

not as an either or

—- our wages or chinese wages ——

but as a both

he's not about to chance

the “real” results of unleashing the truth

on an ignorant suspicious hoi hord

as the late john k g would say
selling forex policy

ie devaluation

to american plebs and proles

“is like selling whiskey to the iroquois”

Posted by js paine at 05:08 PM

“in 2007, the median family’s income
would have been $91,000 instead of $61,000”

nice numbers

“If compensation follows productivity,

we would expect HUGE increases in inequality”

this doesn't follow relative price adjustments matter here too
its safer to look at the relative private cost of “producing” the different skills

and figuring the rest of the comp

follows from various “rent sumps”

lurking here and there and every where

in the ” price system”

some rent sumps …big ones too …

live long prosperous lives

right there

in the middle of

our job market's “price system” itself

…

“Looks to me like it happened when automation struck”

putting aside the restructuring
of corporate job force demand over time

between different shares of skill vs unskill

i agree automation strikes deep

into our wages it creeps

but tech change

(even plus encroachiing importation comp )

only accounts for sector job force shrink

not for economy wide

median jobholder income drops

something else has to happen
ie

the job market has to under perform

we need to move back toward
the arsenal of democracy system

of the early 40's

where too many jobs start chasing

too few people

…
“How much does trade deficit affect median family income? That is money from GDP that is spent abroad, not going to additional family income”

not at all …in the short run

that is

if

the gub runs a big enough deficit

simple simon formula

m-x = g-t

…
bakho

don't conflate cycle behaviour

with secular trends

the median has a long run slide

vis a vis

gdp/pop

even if this drop comes during down turns

its the fact the diff increase do to he drop
isn't closed by accelerating income

on the up turns

accounts for the secular decline

the data may always show
a slow down

and a speed up

over the cycle

for both gdp and income

like two speeding cars taking a curve and then entering a straight away

but one car here after a period of staying even
over all is starting to leave the other behind

maybe gdp always beats med-income
on the curves

but med-income no longer closes

the gap on the straight away

lm

“The world will never again see too many jobs chasing too few workers. That model, as many another, is broken.”

i conjecture
“that model ” has 9 lives

and will return…..suddenly and unbound
maybe before we u and i

depart

this earthly caravan

for heaven hell

or

just a dirt mound

Posted by js paine at 05:06 PM

jobbler ownership sharing is as old as mechanization of production

vide robert owen
i like spencer for hire's take :

“corporate management decides a division is not meeting its returns objective and after shopping it around and finding no buyers they sell it to the employees at an inflated price”

universal profit sharing and stock options
like universal stock investing union pension funds

won't socialize corporate amerika

won't even civilize it in fact

corporate exploitation
of hirelings will indeed be sublated

but not by

simple simon alternative models

like owen's co ops of the repub senate's esops

or

any other varient

of

EEEEEssau's ….MESS OF POTTAGE

face it the sublation will emerge
in stages

and

thru political over throws

even if worked out in detail

thru arduous but ultimately “spontaneous”

firm level

self reformations

mark t writes :

“the entrepreneurial function would be absent…. “

“how would new businesses get started”

“Who would accumulate the capital …”

mark answers this one himself
“Financial innovation could pool funds”

but who would
“… execute the plans needed to get things going?”

which is another way of asking
the recruiting type question

” how does a large group of workers get together
and decide to open a new business “

which is to say
the driving force and nucleus

might remain one or a few folks gathering the original crew around them in the venture

apropos

i think the 90's hi tech venture boom

showed part of the way forward here

asthe 80's bio tech/venture cap boom showed

the emerging new “public “investment paradigm “

on innovation and firm start up

to gather the initial crew

employee payment in stock —pre ipo stock —

allows risk and reward to

both founders and stock paid initial work force

bakho

part socialized part privatized ???

your benign eclectic take
fails to notice the intrinsic mutual antagonism

of these modes of production

the capitalist empowering type society

needs to preserve a set of job market “conditions”

that make the system of production

“safe for exploiters”

bruces are wild :

“the problem is not ownership — it is governance”

i submit the two are entwined

mode of ownership dictates mode of control
as one morphs so do dah other

how much latitude ???
well less then soviet dreamers wished for ….

“…social organization.. toward ever more “overhead” and less and less “direct labor…we have built up towering, fragile hierarchies layering ….. control over armies of machines”

nice picture of ….pre computer corporations

now we are mechanizing the weberian hierarchies too

“there's no relation between what people do for a living and the cost of any “unit” of production. “

nice
anti clark obervation

no just desserts

marg-rev-proc fantasy need apply

but this js millish update
sounds to me like the jingle bells of folly

“There are great opportunities for reform, particularly in the distribution of income, because the distribution of income has so tenuous a connection to the functioning of the economic system”
how do u brake this law

power follows the money

and stay within “the system”

which does indeed look like this gothamic hodge podge :

“… feeding armies making war with superfluous salesmanship and marketing “

”..and giving tribute to some half-forgotten sunk cost investment,”

“… enshrined in law as a patent or franchise
or, sometimes,

just a brand or a location

on the marketing map of mind “

great stuff looking macro
but at firm level

try sorting the pepper from the fly shit

sarah

open book transparency

plus intra job unit hire fire

is great sky pie

but it amounts to destruction

of the spirit if not the letter of capitalism…exploitation

so like

the abolition of chattle african slavery

won't come about

without a civil war

the words power and control
here

hang by sky hooks

the powerless don't take power

from the powerful

power can only struggle with power
control with control

the cap class

is entrenched and well organized in depth

and cleverly two faced ….

both fiend and human

and we jobblers are …..??????

“I find the German system interesting”

well its crumbling even as i type this comrade

bw:

“among the goods we “consume”, a large part of our incomes goes to consumer durables, which, in turn, produce the goods and services we “consume”. “

important distinction here
between marketed and non marketed production

but nearly all households
no matter how skilled and mechanized

can't self produce the bulk

of their means of subsistence

and must sell some serious hunk

of their own households total life time

on the job market

they go into business as time sellers

they try to get the biggest buck for their time
and they “invest in marketable skills”

for varius household members

and and and …

most of us are simple self time sellers

or future self time sellers

or former self time sellers

most days
we buy on many markets but sell on only one …

gegner

“the 'human anti-exploitation' law. … outlaws the employer/employee relationship …

illegal for any human

to profit from the labor of any other “

the chap
re invents the time worn “invisible box “:

money that isn't money but still is money
which leads to

pay that is pay but still isn't pay

geg ends up right in
the middle of his own version of

the invisible box

now of course he can't see it
can't see the new box

so he feels outside any box

any box with..'exploitation”

and he is …

after all
he abolished it …in his head

DOC GORGA IS A TREASURE CHEST OF VINTAGE APLOMB

his first point is pure george and makes high sense
his second point runs aground on his metasocial presumptions

the fruits of this credit common should be shared collectively not individually
vide ramsey

for want of a better jargon:

make any real interest payments

into a universal

loan capital tax

the real rate of interest reflects capital scarcity
its a dynamic reality

that in the long run will assymtote toward real zero

till then the proceeds of its “investment”

oughta be

whole nation owned

point three is a train wreck
on the society wide scale

the fruits of labor

and of private capital

are in direct conflict with each other

point for is utterly misbegotten 17th century …harringtonism

heed tomislav's knuckle drilling of co opted co ops

“Transferring small parts to small of workforce in that company may or may not work…. But transferring bigger shares to larger mass of of theemployed in a company is 100 disaster.”

makes for sober reading

“even politicians pay taxes - and they still don't care stealing from taxes”

i like the analogy

why should a wage geef give a shit about
a company and its long run ????

his/her stake in the company equity wise

is as tiny as his/her share of the total wage bill

the risk of a distant loss gets swamped

when figured against the certain

gains from more cash now

so

why ever look beyond his pay check ???

why worry about the company sinking into bankrupcy ????

why worry about the bosses stealing the borrowed state funds ??

they'll steal em any way and any equity too

so get yours up front

Posted by js paine at 04:53 PM

on was it about oil

bark
then if oil's a crock

just

what crock

DO

u buy ???

surely not chris's
mini me's zionical hypno politics

“uncle sam u are growing sleepy sleepy…
uncle sam i want u to …attack iraq “

Posted by js paine at 04:47 PM

after a hiatus to digest my mood swing
i send in a LONE POST to

SMBIVA

http://www.stateofworkingamerica.org/swa08_00_execsum.pdf
the two conventions roll past me like bfi trucks …

i must hold my nose …

an all too familiar stink

betrays the freshness of their missions

now exactly which party veep nomed
a candidate

that just gave birth to a mongoloid idiot ????

seems like they both did

and yet… as we're all wont to exclain at least since 84

” where's the beef ?? ”

i ask myself
” how long oh lord how long “

how long can the little folks of amerika stifle their outcry
amidst all this imperial wet rot ??

geez guys
what part of 30 years going

fuckin no where don't u understand ???…….

just take a look at this latest
“lame duck ” type job class report card

its drawn up by the perrenially indignant
double dome strivers down there at the beltway's

” for the greater goo goo “policy institute

no on second thought don't ..don't read it
don't read it just to discover

what you already know

why bother ???….but for a few twists

any one of us could have written it umpteen times

in the last few decades

headline :

middle american wage class takes slow boat to shistville

okay it has its standing o moments its curtain call lines
as for example right now….

for months our corporate tower trolls

have seen fit to compact more small potato jobs

then they've creating

no we haven't always been in a year long jobs recession

or for that matter

gone thru a full economic cycle

and ended up worse off then before it started..

u gotta go back pre dust bowl to top that stat

ahhh well….. so the buggars aren't marching on washington

or up late nites

burning silk hatters in their pajamas

look at it this way

thirty years of class war takes its toll

at least on the losers

and their confidence in themselves …eh ???

“i've been goin down so long now junior …
its startin to feel like

well maybe i ain't exactly…. destiny's child ….”

Posted by js paine at 08:16 PM