Hillary Clinton: Will Her Economic Policies Follow Best Global Practices?

[DemocratsForProgress]

Walter Rhett: Hillary Clinton: Will Her Economic Policies Follow Best Global Practices?

Hillary Clinton’s search for an economic policy seems to forget the phrase used to caution investors: “Past results are not indicators of future success.” The world of her husband’s administration is long gone. The great goods of all economies are now commodities; volume produces wealth and flatlines jobs and wages. Apple, Monsanto (80% of world corn seed), American Water Supply (the largest water utility), Pepsico and Google are diverse examples of commodity enterprises operating in global markets that increase capital wealth with little increase in jobs; yet they are vital to economic growth.

Clinton’s advisers don’t seem to get this paradox: the modern economy is built on essential commodities that transfer wealth without the traditional means of adding value through labor and large workforces. In fact, work itself is becoming a commodity, priced by industry and region, in the same way as good and services.

Clinton economic panels ignore this reality. Yet the US economy is deeply entwined with monopolies by companies and by regions (China’s Pearl River zone, Foxconn; Vietnam, Indonesia, clothing; Brazil, agriculture; the big banks, cell, music and cable services; et al.). Working around the economic margins through taxes and fees will not restructure a system designed to vacuum up cash and maintain rock-bottom wages while the private sector shifts social costs to government.

But more importantly, her panels of economists overlook global best practices and opportunities! They agree and disagree about the wrong things! Models in several countries have successfully produced rapid growth and gains for the middle class in the last two decades (interrupted by the global recession) and continue to do so!

More at: http://www.democratsforprogress.com/2015/02/11/hillary-clinton-will-her-economic-policies-follow-best-global-practices/

[djean111]

1. Oh, she and her panels and advisers know all of this very well.

Their task is to give her talking points that pretend to not be totally corporate.
But - corporate she is, and the TPP will cement that.

Working around the economic margins through taxes and fees will not restructure a system designed to vacuum up cash and maintain rock-bottom wages while the private sector shifts social costs to government.

Music to her ears, I believe - and then she would sorrowfully start shaving those social costs.

[Thinkingabout]

2. Is this the Walter Rhett who writes for Like the Dew?

[DemocratsForProgress]

4. Yes, it is.

His Digging Deeper column for DFP appears every Wednesday.

[Thinkingabout]

5. I noticed he really did not provide facts, appears to just be his opinion.

[Kashkakat v.2.0]

3. 1 word: neoliberalism

Basically - a kinder, gentler form of neoconservatism.

[TheKentuckian]

9. Not really, just different rhetoric to bullshit a different audience into accepting the same results

Not kinder nor gentler just another pitch to capture those who are into getting on the bandwagon for war, broad poverty, and global corporate domination.

[Gman]

6. More Hillary trutherism

She's searching for an economic policy? Really? How does this author know this?

[antigop]

7. Clinton Consults to Define Economic Pitch

http://www.democraticunderground.com/?com=view_post&forum=1251&pid=394507

[Jeff Rosenzweig]

8. How does he know this? Evidently he reads.

Along with the WSJ link provided by antigop above, try these:

http://www.washingtonpost.com/politics/supporters-say-clinton-developing-smarter-more-relevant-campaign-for-2016/2015/01/19/503f910e-9a9b-11e4-a7ee-526210d665b4_story.html

http://www.nytimes.com/2015/02/08/us/politics/economic-plan-is-a-quandary-for-hillary-clintons-campaign.html?_r=0

Rather than ask how the author knows this, a better question might be how it is that you don't.

And the "Hillary trutherism" flippancy just looks foolish. The article offers a cogent 1,900-word critique on outmoded economic thinking and how examples of alternative approaches sourced worldwide could strengthen and future-proof the US economy, were they to be embraced by Clinton and by other politicians. It's pretty deep stuff to be dismissing with weightless snark like "Hillary trutherism."