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And not only is globalization a very minor factor, but it is uncertain whether, ceteris paribus, it is positive or negative re the declining fortunes of the labor class in the U.S.

Well I've already posted ad nauseum on the subject. Suffice it to say, Thomas Piketty and I are in general agreement re the cause, although I've gone into considerably more detail then he in regard to the U.S. "Capital in the Twenty First Century" is a good read on the subject, and Piketty in...

I think he should start with a commission to investigate why the Honolulu newspaper published fake news about Obama's birth in 1961, and then issue an executive order firing the editor for "not doing a good job." When a little Federal Judge on a pacific Island says Trump can't fire the editor...

I'm simply saying it's not.

It's "fake News." Just more "showboating" by the Post.

Facts are so annoying. They are constantly fucking with us. Lets do the experiment then.. Lets put tariffs on everything coming in and shut down this damn globalization, stop exporting, no one will buy anything from us anyway, then measure how rapidly the robots get fired and labor's wages go up.

That may be the better explanation, now it's just a matter of which comes first, the chicken or the egg.

If you are a native speaker of American English and you can't compete in the U.S. with someone who is not, do you deserve the job they are taking. Well maybe, if the foreign workers role is to hold down wages rather than raise competence. There is a simple way to find out. Raise the Federal...

You seem to be attempting to correlate globalization to decline in the wealth of the U.S. middle class. But this correlation is mainly a U.S. effect. Other countries that are also increasingly globalized have seen the wealth and size of their middle class grow tremendously or change little...

I don't want to be condescending and I don't want to be rude, so please do not make me. 1. Again, my post had nothing to do with political parties; 2. And this is just for your own information. It has nothing to do with my post. Scruggs is of a generation when in the Deep South there was a...

Is that important to you. Scruggs is (was) a democrat in the same way that George Wallace was a democrat. (Have you ever heard of 'Yellow Dog' Democrats?, or Boll Weevil Democrats. Have you studied American Political History?) What does this have to do with my post, however, which had nothing...

If you or I were a billionaire, the way we think, no, of course not. But Trump or other mentally unbalanced billionaires yes. They can't get enough. Trump loves to talk about how rich he is. Does Buffett talk about how rich he is? Does Soros talk about how rich he is? Does Gates talk about...

What if a Russian Oligarch with ill gotten gains wanted to move his illegal money via a Cyprus bank to U.S. real estate and he was willing to pay up to double the market value for help in covering up some unsavory details of the transaction; for, shall we say, smiles all around the table at the...

This is a complex case. Imagine a river flowing between and among three, or possibly four, countries with many tributaries. It requires knowledge of international law as well as U.S. law. In New York , Schneiderman is handling the Manafort end of it. It's unclear who is handling the Trump...

Exactly.

Be patient; information of interest is headed your way. In the meantime, purely for its entertainment value, you might want to pick up a copy of the latest issue of Vanity Fair.

The Trump administration "asked" all the U.S. attorneys to resign, a more sweeping request than the usual call for resignations upon a change in administration. This was, they thought, a clever way to dispose of Preet Bharara, the New York U.S. Attorney heading up the Trump Money Laundering...

So i turns out I hit the nail almost on the head! Trump is the subject of an investigation of Russian Oligarchs laundering crooked money through Trump Real Estate Deals. Of course this doesn't necessarily mean any Russians with diplomatic immunity are going to be indicted. But it does mean the...

You're just kidding yourself if you think lies are in your favor. Truth is in your favor; lies are not. .

Wiki has a good article. Prior to Nixon taking us off the gold standard we were operating under a currency exchange rate convention established at the Bretton Woods conference in the closing days of WWII. The price of gold was to be at fixed at $35/Oz. The U.S. agreed to redeem dollars at...