The presidential elections in the U.S. are in full swing and many businesses and business owners are concerned with how the political atmosphere will be shaped through 2016. As businesses must comply with federal laws, economic analysis remains incomplete without political analysis. It's critical to keep in mind that the elected officials are the ones who pass laws that may adversely affect or favor the electronics industry—so OEMs, contract manufacturers and others involved in the industry need to pay attention to the political economy.
It's clear that politics already influence business. Consider the enormous amounts business leaders spend on political campaigns to gain the attention of a particular candidate. As a macroeconomist who has authored two volumes on global semiconductor industry, I believe in free markets that lower government intervention in the economy and lower income taxes on consumers in order to drive an economic demand.
I was recently invited to discuss my solution to the American economy's enslavement to debt on a talk radio show. You can listen to that segment of the Wealth Money Radio Show by clicking below:
U.S. macroeconomic policies have resulted in an ongoing economic depression in the country's economy. I have presented solutions on evolving out of the ongoing economic stagnation in my first book Mass Capitalism: A Blueprint for Economic Revival. Recently, I also interviewed economist and author Professor Ravi Batra, on DP TV in Dallas, TX. Batra had forecasted a coming economic revolution in the United States and had plenty to say.View the interview titled 'Career Politicians and Fury in America' by clicking on the image below:
Batra made some key points about mass capitalism, saying that:
It would help eliminate unemployment in U.S. economy.
It would restore free markets.
It would eliminate the need for government bureaucracy.
It would lower taxes for everybody.
I believe that a pro-business government also has to be a pro-consumer to succeed. When consumer wages grow, consumers invests that money into buying essential goods. However, the government policies since 1980s have resulted in lower wages for consumers although the economic productivity overall has steadily increased. Batra believes that this growing wage/productivity gap is the root cause of the highest poverty in the American economy and can be traced to political corruption and monopoly capitalism. It follows that the wage/productivity gap needs to be closed in order to revive the economy.
EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!