devalue the US dollar ...eh ?
the blunt fact this is NOT corporate class policy
suggests we need to look at the present stag for features
unreached by a deval
higher employment levels at lower real wages ??? what's not to like
or more carefully what's so wrong with the method of deval
that is let's ask
why this easy route to an obvious "corporate class " goal
gets trumped by the present higher unemployment and frozen wages route ???
if we had the correctly constructed
corporate bottom line centered fleet of analytic models
the answer would pop right out
i belabor the rebalance without revalue method embodied in the stag by ...err hunch
yes cui bono is the ONLY road to enlightenment here
but what is the bellissimo parade route for this capitalist progress we're on
from the pov of the top pilgrims ???
i have no model that "shows" in a stylized toy market earth
how our hegemonic MNCs
get a better path forward with stag then planet wide deval/reval
with maintaining the existing set of exchange rates
with the existing north/ south arbitrage producing tilt..more or less
with continuing the sacrifice of zillions in potential output
opportunity cost free output
yes why blow aded global production opportunity even as real wages get adjusted
toward a more balanced set of national trade flows
rough dirty simple minded first cut task
match two diferent trade flow paths
with their respective profit flow paths
we aren't able to get at the firm by firm expetational specifics
ie the causal specifics of chosen macro policy here
i suggest we not assume lack of co ordination
part whole corporate class myopia
that a earth wide production planner "could " find a set of price and forex moves that would be a pareto class on class improvement
seems obvious but what's attainable in a system constrained to corporate persepective generated preferences
if i could show simple obvious trumping
like
"hey look !!
the stag generates a higher multi national corporate profit path then a reval/deval "
then i'd have something ...right ?
one can bang away at the soft left "explanation" piecemeal
we hear the left gible dee gooking away
confident as a flock of magpies
" the executive suites want to grind down wage share etc etc"
and grinding requires an artificial protraction of the presently bloated reserve army
ie ultra scarcity of net new job rations
that's what crushes wage increases and accelerates one by one jobster class
self recycling
from tradeables production jobs as industrial operatives
paid high unionized wages to non tradeables sector jobs
as low wage mcshit servers
and of course culivate such a job dirth helps
the generation of a new "half price " industrial job force too
oh and use hard times to shrink pub sec unionized payrolls too
with charter voucher wipe outs
take back benefit slaughter union busting tactics ...
but hey that leads to resistence
is this trageted resistence socially less disturbing
then the disturbance a general rising trend in the prices of tradeables
might generate ???
yup
we have to demonstrate how this grinding method works better
and err ....i haven't
why is " the piigs stag and crunch crisis "
better for international corporate interests then an iceland style deval
