Sacramento, CA, August 13, 2016 --(PR.com
)-- Buck Marshall, Ph.D., founder and director of SWIFT Act Alliance, has launched a petition drive to gain support for comprehensive economic reforms.
SWIFT is an acronym for Smart Growth, Wage Standards, Industrial Policy, Financial Reform, and Trade & Tax Reform, as explained in Marshall’s new book: SWIFT Act: Swift Action for Permanent Recovery.
The open letters to Donald Trump and Hilary Clinton outline critical issues for the U.S. economy, and call for the candidates to acknowledge the “non-partisan imperative” of proposed reforms.
Marshall has proposed two fundamental principles as central to informed debate on the economy:
#1: Offshoring is not Trade: Trade describes selling things made in America to other countries, and vice versa. Offshoring describes shutting down American factories, re-building that capacity in low wage countries overseas, and selling the products back into the American market. In exchange for cheap imports, Americans lose high paying jobs in manufacturing, and the retirement pensions that were once funded by that employment. The economy has been gutted by offshoring, and can no longer create enough jobs.
#2 Banks are not Factories: An economy based on manufacturing employs a large workforce. In contrast, an economy based on finance doesn’t create enough jobs. An economy based on finance will never create enough jobs -- not under a Republican administration, and not under a Democrat administration.
Regardless of which party you support, this is the message our politicians need to hear.