Prosperity, Insecurity and Poverty

We live in a time of great prosperity, unparalleled plenty, variety, health and peace. We also live in a period of intense and global competition, where not one job has even a scrap of the security that a job might have had 50 years ago.

Unparalleled Prosperity, with increased Insecurity

We are more prosperous than ever before, but would any ordinary working person willingly accept that getting everything 20% cheaper is really worth the employment insecurity that the current free trade arrangements are causing? I doubt it.

Automation is NOT the problem

For those who argue that it is automation, not unrestrained free trade, that is causing increased employment insecurity, I say, “Balony!” I spent a large amount of my working life implementing automation, and it didn’t lead to widespread unemployment. That is because the governments of the world hadn’t yet handed over power to global corporations, via unrestrained free trade.

Prosperity provides an opportunity to fix poverty

We can use the world’s prosperity to lift nations out of poverty, via trade, but we have to do it differently. It is no good just using our prosperity to lift the incomes of the top 20%.

We have given up the opportunity that prosperity has provided, since the great democracies of the world have surrendered their authority and power to global corporations. Shame, shame and more shame upon them all.

How to fix

There is a fix. It is in the hands of voters. It is also in the hands of the world leaders, via the WTO. It is Donald Trump who has provided the catalyst. Those who condemn him are among the worst offenders in regard to causing the current malaise. So I support Trump’s abrupt and counter-cultural rhetoric! Shock, horror!

We will be the poorer if we don’t pick up the baton that he has placed in the next runner’s hand.

Author: Graham Lovell

Ancient history historian, software developer, one-time accountant, husband, father and doting grandfather.

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