SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: axial who wrote (25299)12/7/2009 9:04:59 PM
From: arun gera  Read Replies (1) of 71456
 
Trig,

Isn't there historical data of a mini globalization within the United STATES of America? Did it create more or less prosperity within USA from the relaxation of inter-state commerce rules from 1950s onwards? Did more US citizens in 1950 (numerically or as a percentage) have more goods, services, opportunities and education then now?

-Arun

>C2, globalization is a rolling wave. It attacks one country after another, where workers and legislators actually compete for the work - and in the process, get lower wages and benefits, while the host jurisdictions offer incentives and tax breaks.

In the end, everyone gets cheaper shirts, computers and other goods, but the working class that originally made the products can no longer afford them.

So we all get cheap shirts, and only a few have a job at which they can be worn. Are cheap goods worth the cost?>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News