The rain seems over for the moment, and the sun is actually shining. Every pillow, mattress, and item of clothing in the house is out in the sun, and many eyes are looking for the first sign of rain. I'm not in a place where I need to worry about floods, but after 2 weeks of rain things do tend to start smelling a bit like a mushroom farm.
I wonder how long it'll last. Into typhoon season now, so it won't be long before something comes along.
Your ideas run pretty much parallel to mine, except for being a little more coherently expressed. I think most of us go back and forth between wondering whether these countries can afford to implement these subsidies and incentives and wondering whether they can afford not to.
It is of course only natural for labor-intensive industry to migrate to low-wage countries, either by direct investment or by subcontracting. American unions won't like this, but it does make sense, and more jobs and more prosperity in Asia will ultimately mean more demand for the goods and services that the US does produce efficiently. Presumably. if this works, the low-end jobs will someday start migrating from East and Southeast Asia to South Asia and Africa, which will also make sense.
Not that there won't be plenty of messes for us to argue about along the way. |
