Modern Fairy Tales

By Cesar Fernando Lumba

There was a time, when only the true scholars were being published, we could trust the books we read were actually giving us the right information. Today, with the explosion of print media and the virtual flooding of the cloud – cyberspace – with opinions and so-called “facts” from the unschooled, uncouth and unorthodox, it is often difficult to discern who is telling the truth and who is giving us BS.  No, I don’t mean Bachelor of Science.

Because of the Internet, and because of the explosion of print media, we are now being hammered and blindsided by everything from philosophical treatises to fairy tales.

Let me tell you, today, about the fairy tales.

Fairy tale number one: There is a free market on the global stage. Many of our leaders tell us that there is such a thing as an international free market.  The truth? It’s an unfair and merciless jungle out there.  Countries such as China are restraining trade through currency manipulation, through banning of competitive businesses, through the ban on exports of rare earth metals, through price undercutting, through the theft of trade secrets, etc.

Many U.S. politicians believe the dictum, “let the markets decide,” and this has led to the theft of our manufacturing and its transfer to China and some other countries.  China and those countries restrict our movement in their markets while we let them into the American market to do as they please, under the excuse of “letting the markets decide and not letting the U.S. government interfere with the process.”

The result is that the U.S. government is handcuffed from interfering with the process of closing factories in the U.S. and opening up factories in China and other countries, even as those foreign manufacturers  turn around and sell their products in the lucrative American market.

It’s not right, it’s not fair to our children, yet the U.S. government is powerless because the strong lobby for a “free international market” has U.S. legislators and even U.S. presidents in their pockets.

The sooner we as a country realize that the free international market is a mirage, the sooner we will be able to address the number one economic problem of the U.S. – the loss of manufacturing jobs to foreign countries.

Fairy tale number 2:  Countries that tax their people heavily discourage innovation, investments and industry. Well, what do we know?  Canada has just surpassed us in terms of standard of living and per capita income.

The Canadians are heavily taxed because their country is a quasi-welfare state. But instead of being discouraged by high taxes, the Canadians are happily doing their part in making their country a model of good and effective governance and responsible citizenry.  Canadians, far from being discouraged by higher taxes, have one of the highest productivity levels in the world.

Higher taxes would also mean that the U.S. will be able to modernize its infrastructure.  We will have modern roads and bridges and bullet trains and modern, renovated airports.  We will be competitive with China, our number one rival currently, and which is poised to surpass us economically.

Fairy tale number three: Welfare states are doomed from the start because of the high burden imposed on their citizens.  This fairy tale has a celebrated modern-day philosopher, Ayn Rand, who claims that the movers and shakers of this country – the top 1% – are carrying a tremendous load and if that top 1% simply moves, or shrugs, the world would fall with a loud thud.

Well, what do you know?  The Scandinavian countries tax their people to the hilt in order to finance a welfare state that gives their people security from birth to retirement and yet the Scandinavians are some of the happiest people in the world and have per capita incomes that are significantly higher than the American per capita income.

People in the United States are struggling in the midst of record GNP levels. Why?  Because nearly all the record-level income increments are going to the top !%, while the middle class is feeling the downward pull of insecurity in their lives, and the poor are getting poorer.

We have to tax the top 1% – top 5% – more heavily to bring the national budget closer to balance.  Those people don’t create jobs in the U.S. – they create jobs in China – and those whose income comes primarily from investments are not contributing to American productivity.

The stock markets are at record levels, the ultra-rich are getting richer, yet they are avoiding paying taxes in the U.S. by locating their companies and operations outside the country.

Fairy tale number 4:  If we let the principle of comparative advantage work on the international stage, it will be better for everybody because products will be manufactured efficiently and each country will produce only the products that it has an advantage in producing.

This is a fairy tale because there is a country – China – that has a huge, insurmountable advantage in labor costs, and this advantage trumps all other advantages and every country that competes with China loses its shirt.  Next, there’s India that is ready to fill in if the Chinese start losing their labor cost advantage.

The U.S. must reduce China’s absolute advantage by requiring that companies that manufacture in China must manufacture some of their products intended for the U.S. market in the U.S.

We should make this a condition for those companies to continue marketing in the U.S.  If those companies fail to do so within a reasonable amount of time – five, seven or ten years – those companies’ products will be slapped huge tariffs that will render such products un-competitive in the American market.

Fairy tale number 5: Illegal immigrants are a drain on the U.S. economy. Most serious studies show that illegal immigrants enrich our culture. They contribute to Social Security while not receiving benefits from the system.  They pay their taxes religiously.  They are keeping the farms in business, for without the migrant farm workers many American farms will either go out of business or curtail their operations substantially.

Motels, restaurants, markets and other businesses cannot make ends meet without low-cost illegal immigrant labor.

In addition, immigrants supply the U.S. with new young Americans and this delays if not reverses the aging of the American population.  You want to know who will prop up the retiring American seniors, the baby boomers who are retiring by the millions as we speak?  Look no further than the millions of young immigrants who have come to this country as children but are now of college-age and are ready to snap up the jobs that are being created but not being filled because Americans are not having enough children anymore.

Bottom line:  we need the immigrants to work the floors of the new factories that are sure to be set up as American manufacturing comes back in droves because of American sentiment for returning manufacturing to their rightful home:  in the industrial rust belt, in the suburbs of Pennsylvania and New York, in the resurgent southeast, in California, Oregon and Washington.

All over this land.

It is important that we disabuse ourselves of all these fairy tales.  We have to, if we are to move forward as a country, as a people, as leaders of the world.

(I welcome all comments, even ones that are meant privately only for my own eyes.  If you have comments that are meant only for me, shoot me an email at


86 comments on “Modern Fairy Tales

  1. Apprecation too myy fatherr whoo shared with mee concerning thjis blog, tjis weblog is ctually amazing.

  2. I know this website gives quality dependent articles
    and other material, is there any other web page which
    offers such things in quality?

  3. Just desire to say your article is as surprising.

    The clarity in your post is just excellent and i could assume you’re an expert on this subject.
    Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the enjoyable work.

    Here is my webpage :: CrisHTrear

  4. You can definitely view your enthusiasm inside the work you write.
    The planet hopes for more passionate writers including you who aren’t afraid to state
    the way they believe. All the time follow your heart.

    Feel free to surf to my web page :: HelaineXThai

  5. I always spent my thirty minutes to learn this blog’s articles daily in addition to a mug of coffee.

    my web site :: VincentVLace

  6. Heya! I realize this is sort of off-topic however I needed to
    ask. Does operating a well-established blog like yours take a lot of work?

    I’m completely new to operating a blog but I do write in my
    diary daily. I’d like to start a blog so I will be able to share my personal
    experience and thoughts online. Please let me know if you
    have any kind of recommendations or tips for new aspiring blog owners.
    Appreciate it!

    my web site DarylFMccann

  7. It’s going to be end of mine day, but before ending I am looking at this impressive article to improve my know-how.

    my blog post; LeanIHamdn

  8. whoah this blog is magnificent i love reading your articles.
    Keep up the good work! You realize, lots of persons are looking round for this
    information, you could help them greatly.

    My homepage :: JoesphGJundt

  9. Greetings from Carolina! I’m bored at the office so I made
    a decision to browse your website on my iphone during lunch break.
    I really love the information you present here
    and can’t wait to have a look once i go back home.
    I’m shocked at how fast your website loaded on my own mobile ..
    I’m not really using WIFI, just 3G .. Anyways, amazing site!

    Here is my site :: CleoMBranham

  10. Magnificent beat ! I would want to apprentice while you amend your site, how could i subscribe for
    any blog website? The account aided me a acceptable deal.
    I was a bit bit acquainted of this your broadcast offered bright clear concept

    My site EarlQMolla

  11. Helpful info. Lucky me I discovered your site accidentally, and I’m surprised why this coincidence didn’t came about earlier!

    I bookmarked it.

    my page TobyDGeeting

  12. Superb website you have here but I was wanting to know if you
    knew of any discussion boards that cover the same topics discussed here?
    I’d really like to be a part of group where I can get opinions from other knowledgeable people that share the same interest.
    If you have any recommendations, please let me know.
    Thank you!

  13. Wow, this article is nice, my sister is analyzing these things, so I am going to tell her.

  14. Spot on with this write-up, I honestly believe this
    site needs far more attention. I’ll probably be returning to read through more, thanks for the

  15. Why users still make use of to read news papers when in this
    technological globe all is accessible on net?

  16. When you desire to get a great deal out of this paragraph then you have to apply these methods to
    your won website.

    Here is my web site; VikkiRFigley

  17. Quality articles is the key to attract the viewers to go to see the web page, that’s what this web site is providing.

  18. Hey I am so glad I found your website, I really found you by mistake,
    while I was searching on Aol for something else, Anyways
    I am here now and would just like to say thank you for a marvelous post
    and a all round interesting blog (I also love the
    theme/design), I don’t have time to look over it all at the minute but I
    have saved it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the great job.

  19. Thanks for sharing such a pleasant idea, article is pleasant, thats why i have read it completely

  20. Thankfulness to my father who stated to me regarding this weblog,
    this website is genuinely remarkable.

  21. I must thank you for the efforts you have put in writing this blog.
    I’m hoping to check out the same high-grade blog posts from you later on as well.
    In fact, your creative writing abilities has encouraged me to get my
    very own blog now 😉

  22. Hi there, I enjoy reading all of your article post. I wanted to write a little comment
    to support you.

  23. I am sure this post has touched all the internet viewers, its really really nice article
    on building up new weblog.

  24. Good way of telling, and good piece of writing to obtain facts regarding my presentation subject, which i am going to convey in college.

  25. Hello to every one, the contents existing at this web site are actually awesome for people knowledge, well, keep up the nice work fellows.

  26. Hi mates, how is all, and what you desire to say on the topic of this paragraph, in my view
    its really amazing for me.

  27. You neeԀ to be a part of a contest for one oof tҺе
    most սseful blogs οn tҺе internet.

    I most certainly ѡill recommend tɦіѕ weeb site!

    Μу pqge Under-Counter Ice Maker

  28. Heya i am for the first time here. I came across this board and I find It truly
    useful & it helped me out much. I’m hoping to offer something again and aid others such as you aided me.

  29. Great delivery. Great arguments. Keep up the great spirit.

  30. I truly love your site.. Very nice colors & theme. Did you build this website yourself?
    Please reply back as I’m trying to create my very own website and would love to learn where
    you got this from or what the theme is named. Thank you!

  31. After looking into a few of the blog articles on your blog, I seriously like
    your way of writing a blog. I saved it to my bookmark website list and will be checking back soon. Take a look at my web site too and let me know how you feel.

  32. This might be enough to assist you fit comfortably inside
    your clothes. Losing weight and not regaining it is quite difficult for most people.
    With so many programs how we find the one that’s suitable for us.

  33. This is a topic which is near to my heart…

    Many thanks! Where are your contact details though?

    Look into my website gta 5 Money Glitch 1.26

  34. You can definitely see your enthusiasm in the
    work you write. The arena hopes for more passionate writers such as
    you who aren’t afraid to say how they believe. At all times go after your heart.

  35. great points altogether, you just received a new
    reader. What would you recommend about your publish that you simply made a few days ago?
    Any positive?

Leave a Reply

Your email address will not be published. Required fields are marked *



* Copy This Password *

* Type Or Paste Password Here *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>