As the USA pulls back from international adventurism, does this bode well for jobs ?

[Leme]

Supposedly capital likes consistency. As other parts of the world go through their changes, will America become more attractive as a place for investment?
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The military expenditures have been quite steady over the years, and those companies prospered. It will take a while for that to lessen. But jobs will be lost.
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But the general American population may do better because the country as a whole is more stable than many places and capital may choose to invest here.
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Just wondering.

[Warren Stupidity]

1. there has been no significant reduction in military spending

Too bad. We could reduce our military budge by at least 50% and still be spending far more than anyone else. Our economy can survive without a bloated military, and our military adventures are not a force for stability in the world.

[Leme]

2. but even if steady state spending on military continues

America still may get new jobs as America is quite stable compared to many places. With less adventurism, less likely the USA will support or be able to support foreign regimes.

[newthinking]

3. ? I wish that were the case. It seems we have simply moved out of direct and into further indirect

efforts and we are actually in the middle of an expansion of efforts of a different sort.

[Leme]

4. the way i see it

big capital got bailed out.
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a lot was taken out of the American economy. People who were not Big Capital figured out ways to make do with what was left and some return of employment occurred. I think it is/was also intentional to keep the return low by Big Capital (politically, and to lower wages).
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I think Big Capital may return soon. They are missing an opportunity, a gap that the person who cannot offshore has filled , and the rest of the world is not that safe of an investment now.

[newthinking]

5. I hope you are right. But I suspect that the undercurrent of the 2008 crisis

was a huge theft and much of that capital is in personal bank accounts or personal investments. 2008 reminded me an awful lot of what happened when the Russian economy tanked, where in that country Oligarchs took advantage and basically stole much of the wealth of the country and moved it to foreign locations. I have no idea (if that indeed occurred to some extent), if they can easily bring it back.

I am also not sure that the job market will ever really be the same, because during the last 15 years we have had a very quiet revolution in automation and labor productivity. This was something that was talked about many years ago, but at that time everyone thought that as a result of the dramatic increases modernizing would bring about, that we would reduce the work week (and spread the wealth around). We will still need to do that, but it seems that is unlikely to occur in the current political climate.

[Leme]

6. the banking intitutions are now ready to do it again

but, if they do not. Perhaps capital will return some.

[jtuck004]

7. Why would they? There are far better places to make money, and many here don't have any left.

"The time to make money is when blood is running in the streets" - Rockefeller < People with REAL wealthy don't want stability, that's for losers. They want upheaval and change, all the better to use their money to shape the world for their profit.

Btw, there was a blurb the other day about how we have now regained all the jobs we lost up to 2008.

2008.

We have added about 12-14 million more people since then, and according the the CBO, the Census, and a few other numbers, we are about 8 million shy of where we ought to be. On top of that millions upon millions of mid-level pay jobs have been disappeared and replaced with either nothing or lower paying jobs.

It would take at least $10-20 trillion in investment to get us close to even, perhaps $30-50 trillion or more to get us where we should be positioned in the future.

And while this administration has done great things for the banksters who reported all time record profits while they foreclosed on 7 million families, while 9 million homes have loans that are underwater, leaving 50 million people in poverty (about 15 million more that we started this Presidency with), and about that many on the food stamps that were recently cut by the signature of this President, they haven't really done a whole lot except make excuses as to why they needed to keep the banks healthy while fucking millions of working people over.

So, at this point, unless one's standards are those of a cheerleader or used car salesperson, to say it bodes well is like saying a person dying in ICU is doing well as they take their last breaths, because they haven't quit breathing yet.