Latest Release by Carmelo Pinnavaria Examines Global Trade Imbalances

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Carmelo Pinnavaria has released his new book, Court vs. Pro-se: TRUE STORY - At War for Justice. In the book, Pinnavaria shares his personal journey and his hard-earned perspective on systemic challenges in America, from economic shifts to the legal system.

After three wars (WWII in Europe, WWII in Japan, and the Korean War), the United States became the superpower in all sectors of the economy. In the 1950s-1960s, baby boomers wanting to have families created the biggest economic expansion in history: 100% U.S.-made. U.S. companies wanted more (money and greed) in the 1960s, so they started exporting technology to Japan and South Korea due to cheap labor, without understanding the consequences. In the 1970s/1980s, Japan and South Korea started competing with U.S. companies by destroying the manufacturing of electronic products made in the USA, not excluding the auto sector.

They proved they could make the same product better and cheaper than U.S. manufacturers. In 1973, Motorola's Mr. Bob Galvin sold the TV business to the Japan-based Matsushita, parent company of Panasonic. Although millions of jobs were lost in the manufacturing sector, the consumer benefited from lower-priced goods. As labor costs increased, it was no longer cost-effective to produce goods in these two countries and be competitive. Japan became the second economic superpower. In the 1980s, Mr. Bob Galvin from Motorola, as its visionary, realized that China was the next place to be due to an untapped labor market of millions. Motorola was one of the first manufacturers to produce in China.

Over the past 35 years, most goods are made in China due to lower labor costs compared to U.S. workers. Goods produced in China are sold all over the world, benefiting consumers. China has become a superpower in manufacturing and is also becoming a leader in technology, surpassing the U.S. Today, our political leaders are screaming about unfair trade practices. However, what our politicians and Presidents do not understand is that for years, U.S. companies have reported profits in billions based on products that are made in China and sold to the U.S. consumer with high profit margins. Any tariffs on goods made in China will hurt U.S. consumers, and companies will pass the increased costs to the consumers. Our politicians are among the most highly educated individuals, mostly attorneys, as are our Presidents' economic advisors.

These individuals went to school; their fathers and grandfathers did too, using the same books from 100 years ago. They have failed to understand the dynamics of this fast-changing world, where we are moving to a global economy without borders. Therefore, tariffs will deeply hurt consumers: the engine that keeps the world economy running. The solution goes back to the start of commerce before money was invented. Then, it was called barter: exchange of goods or services without using money. Today's economic barter can be reinvented by a simple balanced import/export formula. An example is that any country that exports goods (in dollars) to the USA must import an equal amount of goods (in dollars) from the USA. This formula will create jobs worldwide, making a better place for present and future generations.

The book is available at "atwar4justice.com [https://atwar4justice.com/]" for interested readers.

Amazon: https://a.co/d/073JvJ1o

For any inquiry, email carmelo0142@msn.com

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This release was published on openPR.