Cooperative Capitalism.Cooperative Capitalism J. W. Smith The Institute For Economic Democracy 313 Seventh Avenue, Radford, VA 24141 0975355597 $28.00 www.ied.info 1-888-533-1020 Now in a revised and updated second edition, Cooperative Capitalism: A Blueprint For Global Peace And Prosperity is a politically charged economic treatise A scholarly legal publication containing all the law relating to a particular area, such as Criminal Law or Land-Use Control. Lawyers commonly use treatises in order to review the law and update their knowledge of pertinent case decisions and statutes. that asks: why are so many resource-filled nations stricken with poverty while resource-poor nations are wealthy and consume the greater part of world resources? The answer according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. author J. W. Smith is "plunder-by-trade", a process that destroys undeveloped nations' ability to process resources and sell them to their own people, forcing them to become dependent on imports and accelerating poverty because money flows directly out of the nation instead of circulating among the nation's people (the economic multiplier effect Multiplier Effect The expansion of a country's money supply that results from banks being able to lend. The size of the multiplier effect depends on the percentage of deposits that banks are required to hold on reserves. ). Modern "plunder-by-trade" often involves selling subsidized sub·si·dize tr.v. sub·si·dized, sub·si·diz·ing, sub·si·diz·es 1. To assist or support with a subsidy. 2. To secure the assistance of by granting a subsidy. food, or even donating clothing, putting local agriculture and textile operations out of business, increasing unemployment, and further impoverishing the nation--one example is the Ukraine, which went from breadbasket to bankrupt in response to foreign powers. Cooperative-Capitalism denounces such impoverishment and concentration of power in the wealthy elite of dominant nations as deliberate, accuses military efforts of dominant nations of furthering the process, and stridently stri·dent adj. Loud, harsh, grating, or shrill; discordant. See Synonyms at loud, vociferous. [Latin str calls for economic policy imperatives to reduce rather than create poverty--especially those promoting self-sufficiency through protectionism protectionism Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other handicaps placed on imports. in the nations whose struggling industries need it the most. A serious-minded albiet strident discussion of a very real worldwide economic problem. |
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