Suckernomics is a term coined by the irrepressible Dr. Dennis Cuddy. I reprint his article here in it's entirety:
By Dennis L. Cuddy, Ph.D.
April 24, 2006
In my previous article, I introduced the term "Suckernomics." The reception to this new term was very positive, so I have decided to expand upon its principles. Suckernomics is the process whereby the American public is made, and kept, economically ignorant. It begins even in elementary school, and the following is a list of some of its basic principles. The list is not meant to be exhaustive, and I am sure that you, the reader, will be able to add examples to it.
1, Don't teach students basic reading and math skills, so they will not be able to compete economically against those of other nations.
2, Convince Americans that more money is needed to solve our educational problems, even though a tremendous increase in educational funding has occurred over the past 4 decades, with negative results.
3, Teach children that petroleum products come from decayed fossils, even though there is no evidence of massive numbers of dinosaurs or massive amounts of vegetation in Middle Eastern desert regions or in the North Sea or near Alaska where large deposits of oil have been found. Don't let them know petroleum products are plentiful and come from methane derivatives, available through deep-drilling techniques used by the Russians for decades. Otherwise, they won't believe there's an oil shortage, and pay continuously rising prices.
4, Require Americans to pay about 40% of their annual income in taxes, but tell them that they are still better off than the serfs of feudal days who paid a smaller percent of their production to the nobles.
5, Persuade Americans that they should pay taxes for government programs which operate less efficiently than if run by private enterprise.
6, Entice Americans to purchase items on credit, even though that increases the cost of the goods by 10-20%.
7, Have Americans place a large percent of their paycheck into a Social Security "Trust Fund," which Congress then raids, leaving future senior citizens wondering what happened to their hard-earned money for retirement.
8, Allow the federal government to get away with posting an inflation rate that does not include increases in the price of food and fuel. This also allows the federal government to pay senior citizens less in Social Security benefits each year, because cost-of-living increases are not based upon an accurate inflation rate.
9, Give authority regarding trade decisions to the World Trade Organization, run by unelected bureaucrats overseas who can tell Congress it has to change our laws. Convince Americans that this is "free trade" when it is actually "managed trade," because many nations still have trade restrictions and subsidize industries in their own countries.
10, Dismiss calls for "fair trade," claiming American workers can compete against slave and child labor.
11, Persuade Americans there are still such things as "American corporations" as ownership increasingly goes overseas (e.g., 97% of sound recording industries, 65% of metal ore mining, 64% of motion picture and video industries, 63% of book publishers, etc.).
12, Have Americans believe that profits from American companies still stay in the U.S. (e.g., Amoco's profits go to England, Random House's and Chrysler's profits go to Germany, Gerber's profits go to Switzerland, TransAmerica's profits go to The Netherlands, etc.).
13, Convince Americans that government incentives for American companies to locate offices/jobs overseas will not harm the job prospects of American workers (even comedian Jay Leno said President Bush went to India to visit the American jobs that had relocated there).
14, Persuade Americans that NAFTA and GATT would bring high-paying high-tech jobs to the U.S., while increasing numbers of high-tech jobs are outsourced to India, etc., and while President Bush and Congress propose dramatically increasing (from 65,000 to 350,00 annually) the number of H-1B visas so that high-tech foreign workers can come to the U.S.
15, Convince Americans that increasing numbers of guest workers working for minimum wage (because they are placed, for example, 10 in a house and pay only 1/10th each for expenses) will not undercut American workers in many industries (e.g., fast foods, construction, hotel and motel, grass-cutting, carpet-cleaning, etc.) who have to pay 100% of their own expenses.
16, Persuade Americans increasingly to purchase cheap foreign-made products here, leaving them to wonder why they cannot find a good-paying American job anymore.
17, Convince Americans that they have still gotten their monies' worth purchasing cheap products from overseas even though they don't last as long as American-made products.
18, Have government severely regulate/limit the use of people's private property, but still require them to pay the full amount of taxes on their property.
19, Force/coerce people to turn over their private property to the government in the name of preserving a pristine environment, but then this same property is contracted out to developers/mining companies, etc., for exploitation.
20, Drastically reduce the United States manufacturing base, yet assure Americans that having missile parts, etc., made in Communist China or elsewhere will not compromise our national security at any time, especially during wartime.
21, Persuade Americans that building up the economy of Communist China via investment and trade will not strengthen their military with which they can threaten/attack us. Also convince Americans that giving the Communist Chinese advanced missile technology will not aid them militarily either, if they decide to attack the U.S., Taiwan, Japan, or some other nation in the future.
22, Assure Americans that genetically modified foods and animals are economically beneficial, even though the long-term health consequences of such genetic modification is unknown. In an experiment, half of a field was planted with unmodified soybeans and the other half of the field with genetically modified soybeans----geese refused to eat the genetically modified soybeans! Do they know something we don't know?
23, Spend millions of American tax dollars to build the Panama Canal and then hand it over to a Panamanian dictator who sells operation rights at either end of the canal to the Communist Chinese who could destroy it if in a war with the U.S. in the future.
24, Have millions of American tax dollars spent on political campaigns to oust Slobodan Milosevic as leader of Yugoslavia at the same time Americans are expressing outrage over Communist Chinese political campaign contributions to American candidates.
25, Spend millions of American tax dollars on textbooks teaching Afghan children jihad (holy war) against foreign invaders, causing the Afghans when grown to fight against the U.S. invasion.
26, Americans give millions of dollars in foreign aid to countries that give large amounts of money to terrorists who want to destroy us (this is the "sell them the rope with which they'll hang us" principle).
27, Convince Americans that the unemployment rate is going down, when this figure does not include those who have stopped looking for work. Also, hide the fact that many who have been laid off jobs and found new employment are now working in the service industries which pay less than their former jobs. Thus, while they are counted as "employed," they have less purchasing power.
28, Condition the American people to abandon moral principles in order to benefit economically. For example, the reason Americans can buy cheap Chinese products in the U.S. is because the Communist Chinese dictatorship can force laborers to work cheaply or go to prison where they sometimes are raped. Therefore, Americans have accepted the immoral attitude that it's allowable for women and men to be threatened with imprisonment (where they may be raped) if that's what it takes to buy cheap shirts, shoes, etc., in the U.S.
29, Have the American people accept the U.S. going from having the greatest economy in the world to being the greatest debtor nation. Former President Clinton recently said the only way we can pay for the Katrina disaster is the extent to which China is willing to continue to buy our debt. This makes us subject to international blackmail.
30, Condition the American people passively to accept Congressional provisions for offshore tax shelters for their corporate friends, at the same time the U.S. faces serious problems concerning the national debt, budget deficits, trade imbalances, the dollar's loss in value, many personal bankruptcies, and a high tax rate for the rest of us.
The result of suckernomics will be a further withering of the middle class, resulting in a techno-feudal society ruled by an elite. Not only will this be a return to feudalism, but the "suckers" have also been conditioned to accept "futilism"----the idea that it is futile for them to resist dominance by a power elite intent upon synthesizing Western Capitalism and Eastern Communism into a World Socialist Government under the elite's control (an updated, indexed edition of my book, THE ROAD TO SOCIALISM AND THE NEW WORLD ORDER, will soon be published).
© 2006 Dennis Cuddy - All Rights Reserved
Here's a typical news story to bolster what Dr. Cuddy has said: