On Jan 31, 2012, at 9:23 AM, Eric Beck wrote:
> On Mon, Jan 30, 2012 at 7:40 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
>>> If the dollar is 20 percent above its proper value then it is
>>> equivalent to putting a 20 percent tariff on all of our exports.
>>
>> This is a little devious. Is Dean arguing that the dollar is 20% overvalued? Against what, if so? The euro? The eurozone is a mess. The yen? The renminbi?
>
> Maybe I'm a little too sensitive to these things, but it seems like
> Baker (as a person and as a symptom) has taken a rather nasty
> nationalist-populist turn recently, especially when it comes to China.
> Or maybe it's not a turn?
He's always been sympathetic to that labor line. EPI too. It's hilarious when American unionists pound the pulpit about labor rights in China. There's far more labor militancy there than here - and they have rising wages to show for it.
Doug