Saturday, April 5, 2025

Fair trade

Karl Marx said that capitalism would fail because the proletariat (poor) doing all the work, would rise up against the bourgeoisie (rich) and move to a socialist type government, where the people owned the businesses. Then along came Henry Ford and did something that Marx had never thought possible. Henry was paying $5 per day in 1914 when you could buy a new Ford for $260. Marx, in is wildest dreams, never thought that the workers would be able to buy the products they made. This opened the door to what came to be called a consumer-oriented economy and it stayed that way for 80 years, while the country built up the biggest middle class in history. Then starting in the late 60’s things changed. Manufacturing jobs were sent overseas and corporations and financial institutions took control of the economy. During these past 50 years the democratic party, long considered to be the working man’s party, became the party of the rich white educated and the working people now look to Trump for help. He is reversing the trend of the past 50 years and is bringing good jobs back home. He is telling the other countries that the US will no longer be the world’s policeman and that they must have fair (reciprocal) trade agreements.

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