Age of oversupply and Daniel Alpert's view

  Household incomes in the West and Japan have been on the decline for years and why they are is explained by economic policy expert Daniel Alpert. This cumulative decline is basically the result of millions of people moving from formerly socialist societies into cheap labor free-market societies and this has dramatically influenced life in developed nations in an unprecedented age of oversupply. In this interesting book called "The Age Of Oversupply" the author basically details how excess productive economic capacity of  undeveloped nations is helping bring the global imbalances to a more suitable and evenly distributed world. The fact that China sells way more stuff to the industrial world albeit it at cheap prices  has created a flow of capital and surplus money towards these upstart world economies in countries like China and India. The lowering incomes and revenue in America created a whole new demand to borrow and incur debt from households to governments through these new arrangement,nets that threaten the very sovereignty of America. Lowering tax rates and increased government spending  would soon be a politically suicidal mission from sell out elites in this country who were more interested in increasing the power of China and their own personal fortunes than the interests of this nation. The combination of stagnant incomes of the past thirty years and rising household debt is mentioned often through this book and the fallacy of economic expansion for the expansion of credit markets is exposed and discussed in this book. The results are often credit bubbles that wrecks havoc on our nation and the working class while a few fiance nobles on top make out like bandits acquiring more wealth and power often in the case of running for public office to selfishly only serve their interests. The wealthy run operates to maintain wealth of the United States in a few hands. The topic of underemployment for the millions of extremely educated people in this country is something at needs to be more discussed and Alpert brings us more information of this. We have of countess one else to lame ourselves allowing  this wealth vanishing by our choices and disastrous consumer choices that make price more into account than location of manufacture. The fact that we allow American companies to meet any rebate increase of demand these days to by ramping up production Cheaply  overseas is a national travesty and disgrace. This is the global outlook and why this nation is sinking quickly into hole that no loader will help reach to overcome.