Irony Boom

We’re creeping toward a billion in trade deficit just for the matter alone of celebrating our “Independence” Day.  Try not to miss the irony that we import most of our fireworks from our biggest competitor/rival/potential enemy, China.  We give them money so we can celebrate how “independent” we are.

If we were doing okay overall, this would be no bother at all.  China apparently has a competitive advantage in fireworks making; okay then, we’ll buy from them.  But we’re also buying a lot of other things as well.   Even with our increased export situation of the past few years (a weak economy makes your goods a bit more competitive, other things being equal, which they never are), we’re still not far from a trillion dollar a year trade deficit.  That’s wealth transfer to others.  Others who may not have your best interests at heart.  And you, America, get weaker every day it happens.  You don’t make enough here that gets sold elsewhere.  Hence the problem. You’re a net consumer, not a net producer, not even a break-evener.

All in service to what the corporate masters and plutocrats, who worship at the altar of unregulated, unthinking globalization, call the wonders of the “free market.”