Category Archives: Poli-Econ

ObamaNomics & the New Economy

Posted on January 21, 2015 by Curtis Greco
At some point this Nation will need to get cozy with fundamental economic realities and given the content of Mr. Obama’s speech I find the following two incredibly relevant:
1) A Globalized Economy is no economic advantage for a Nation that consumes and/or debt-loads in excess of its durable economic output. Technology or technological innovation, on its own, is neither a job creator nor is it a measure of economic capacity.
2) Wealth distribution, based on productive capacity, is the only effective mechanism for distributing wealth across an economy; without this key feature there can be no robust Middle-Class.
Facebook may be establishing the curve on integrating tech and have a market cap in multiples of Ford Motor Company, but there the economic dispersion ends; FB employs 8,500 whereas Ford employs over 300k and thousands more in collateral and support industries. Apple may be a powerhouse on tech-development and application/integration selling millions of iPhones however, they’re made in China and a great majority of their reserves are banked off-shore.
Yes, the U.S. may still lead the planet on tech-innovation and development, but it’s utterly meaningless in economic terms to the national economic matrix if the integration of tech, with the manufacturing processes occurs elsewhere. Having ignored these two simple truths is key to understanding the cause for why the distribution of wealth (domestically) is increasingly one-sided; it is the nature and inevitable outcome of a service-speculative based economy.
Curtis C. Greco, Founder
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Numbers that Speak Volumes:

Posted on November 18, 2014 by Curtis Greco

For decades I’ve written and spoke on the effects of globalization and the damage done by the corporate-governance brand of economic policy. I’ve argued relentlessly in opposition to the now standardized argument which asserts that the deplorable state of domestic economics is directly due to the ill-gotten gains of the so-called One Percent. In fact the gains of the 1 percent are not at all the cause but the consequence of a global economic design.  Read more...

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The Problem with Corporate Tax Reform

Posted on November 12, 2014 by Curtis Greco

The ideology of governance has it dead wrong and regardless of the history that proves the error it appears that in an effort to restore a modicum of civic-centered action the GOP is at risk for legislating ignorance, again.

Here are the most critical reasons why the idea fails so proficiently:

(1) Using taxpayer dollars to incentivize an economic activity has never worked (“cash for clunkers”); funding corporate economic activity was once the function of banking and the stock market.

(2) Corporations do not create economic activity; they respond to demand backed by liquidity (capable of payment or trade of some kind).  Read more...

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Sharing Economy – A futuristic solution or a scheme of collaborative decay?

Posted on October 15, 2014 by Curtis Greco

The merging of selective-ambition has taken the issue of what is an economy, as well as the science and/or study of economics, to be nothing more than a condition in search of an affirmation. The emerging economic model of the early 1900’s, bent on pursuing the Global One-World Market free of native monetary constraints, has been achieved and has proven itself to be the predictable failure that many feared it would be.

Many confuse the issue of capitalism with Free-Market Economics while there is no connection or tacit similarities. While others wrap their minds around the notion of supply-side economics, itself an unproven composition, with the suggestion that an economy can be indefinitely durable by way of inflationary monetary policy supported or enabled by perpetual debt.  Read more...

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Sharing Economy | A futuristic solution or A scheme of collaborative decay (P3 of 3)

Posted on October 14, 2014 by Curtis Greco

Let us go back to economic fundamentals: All demand, and thus economy, is local. The principal is an inseparable component of a vibrant economy, i.e., Demand in Search of Supply in possession of a capacity to trade for said Supply.

Doubt what I say is true? Go to your local grocery story and explain to the manager that you are starving  (demand in search of supply) but have nothing to give for the food (capacity) you require or you attempt to exchange (compensate) him/her with something of value that is uncommon to his interest in accepting.  Read more...

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