Shipping Costs Start to Crimp Globalization

Here is an interesting NYTimes article...

The world economy has become so integrated that shoppers find relatively few T-shirts and sneakers in Wal-Mart and Target carrying a “Made in the U.S.A.” label. But globalization may be losing some of the inexorable economic power it had for much of the past quarter-century, even as it faces fresh challenges as a political ideology.

Cheap oil, the lubricant of quick, inexpensive transportation links across the world, may not return anytime soon, upsetting the logic of diffuse global supply chains that treat geography as a footnote in the pursuit of lower wages. Rising concern about global warming, the reaction against lost jobs in rich countries, worries about food safety and security, and the collapse of world trade talks in Geneva last week also signal that political and environmental concerns may make the calculus of globalization far more complex.

One Definition of Globalization

(A humorous take sent to me with a grain of truth to it)
Question: What is the truest definition of Globalization ?
Answer: Princess Diana's death.
Question: How come?
Answer : An English princess with an Egyptian boyfriend crashes in a French tunnel, driving a German car with a Dutch engine, driven by a Belgian who was drunk on Scottish whisky, followed closely by Italian Paparazzi, on Japanese motorcycles, treated by an American doctor, using Brazilian medicines.

This is sent to you by an American, using Bill Gates's technology, and you're probably reading this on your computer, that uses Taiwanese chips, and a Korean monitor, assembled by Bangladeshi workers in a Singapore plant, transported by Indian lorry-drivers, hijacked by Indonesians, unloaded by Sicilian longshoremen, and trucked to you by Mexican illegals.

That, my friends, is Globalization!

Balls of Steel or Lying Through His Teeth

Bush: Protectionism will cost U.S. jobs

Alarmed by slipping support for free trade even among Republicans, President Bush is arguing that protectionism will cut Americans out of chances for more — and better — jobs.

These globalists just will not give up. They have no concept of honor, of country, of patriotism. They will lie, cheat, abuse to get what they want. They will destroy their country, their countrymen, anyone who gets in the way.

Unbelievable.

We feel your pain -- but not too much

As Norm Matloff says, the depression of salaries shows there is no shortage of technical workers as the industry shills claim there is -- it is all just a sham. Here the collaborators in the sham admit so much for all to see. Does their arrogance mean that they don't fear any repercussion? Have things gone that far? Or is confession good for the soul even for these shameless destroyers?


http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=56744

excerpt:

"The cover article in the current issue of the Council on Foreign Relations magazine Foreign Affairs asserts globalism has harmed even well-educated workers in the U.S., creating a gap between the "haves" and "have-nots" greater than any time since the 1920s.

......

Scheve and Slaughter argue that under the globalization policies pursued by the Bush administration from 2000 to 2005, "Even college graduates and workers with nonprofessional master's degrees saw their mean real money earnings decline."

They conclude average earnings for 96.6 percent of all U.S. workers fell between 2000 and 2005, due largely to globalism."