Real Problem!

It is virtually impossible for me to grasp the implications of our global economy as it impacts our own nation. I understand the need to be involved globally. We cannot isolate ourselves. And, it is important that other nations grow their economy to support their people. At the same time, jobs produced by our corporations in other nations clearly cause pain to our people.

Harold Meyerson has captured the problem very well. He uses the term, "institutionalism", to describe the shift of jobs by our corporations to other nations. Whatever the term, one can wonder how we can survive without a middle class that can be productive and capable of supporting a level of consumerism that is commensurate with the needs of themselves as well as our nation. As Kevin Phillips as pointedly indicated in several of his publications, no nation can maintain its power without a strong middle class.