That is why the developing world was looted while finished goods were sold to the developing world at inflated prices. You could say the US is getting back what it deserves. But since I don't believe in fairness or equity- I think it would be expedient if we were more careful of our own workers.
X,
it is not a matter of "the US is getting back what it deserves" or whether you believe in fairness, or not.
it is about free market economies and free enterprise:
the US has been VERY successful in spreading and teaching to the third world the concepts of free enterprise. partly, its success comes from the fact that Communism, (or socialism, --call it Aunt pauper i don't care the name--) is inefficient and those policies were doomed to fail.
the third world has learned to play the same game, the US was a good teacher.
in addition, human nature is greedy and there are greedy bastards in the third world, as much as there are greedy bastards in the first. --except that in the third world is easier to get away with it--) this aids the simple fact that free enterprise has taken hold all over the world, as operating system, if you will. the simple principle of supply and demand is operating, from cheap labor (because its endless supply, courtesy of religious anti-population control practices), to low taxation/incentives to the industrialist to create plants in these countries. (because is the fastest way to employ millions of people that otherwise they would be begging for food on the streets.
these factors make it far too attractive to capital to be allocated in the way that it has been done. add that now you can move capital at the speed of a computer key-stroke, all over the world to the most efficient point on earth where it can be most productive.
every politician around the world knows that their fiscal policies and/or excessive social program will be scrutinized by the currency exchanges markets vigilantes and will alert every financial wizard as to "where NOT to allocate or send their capital in/to"
this is the reason that gold as a "store" of value will never work again. it is too bulky, too costly,and you can not "wire out" bouillon to the next financial heaven. in addition, you have to store it, guard it etc. too costly and does not produce a dime in "rent (or interest)" gold WAS the store of value in the medieval times, not in the byte-money times.
in short it is called The new very competitive world in which we live. perhaps a modified version of the world according to her Holy Highness Ayn Rand. not quite Dry Gulch, but close enough for government work.
under this environment, unless the third world slows down its population growth... what do you think the chance is going to be to pay a worker in these countries... i quote: "a decent living wage".
not very bloody likely in the near future.
do you think this is bad ? it gets worse.
on average.... take your garden-variety pedestrian third world banana republic...
its population is going to be around say... 80 million. growth rate ... say 2.5 % around 60 % of its CURRENT population is under the age of 24 ...now... guess what is going to happen in 5, 10, 15 & 20 years....
do you guess these people are looking at their social security, IRA's, 401 K's or booming dot-bomb stock markets for retirements ?
ho ho ho ho ho ho ho said Bozo the IMF banker.
not only do most of these people live day to day and feel incredibly lucky to have a job with US Gyzmo, S.A.
imagine what the guys that are under the age of 24 are going to be asking/demanding/looking for as they themselves grow up and have their own families?
the existing infrastructures in their countries barely supply for their needs under the CURRENT levels of demographics... as these move up in their ages, therefore requiring more homes, furniture, cars, JOBS etc... they cannot afford these things....
i am not telling you this is ideal.
i am just telling you... this is the way it is.
those in the US who want to educate themselves, will do well, those who will not (or cannot) will join the third world country ranks of the unskilled labor.
yes... a global village indeed. Quasimodo will be lurking in every corner.
just my opinion.
____________________
in other news:
Karen... sorry, the damned post got too long in a hurry.
did you read about cloning ? -GGG |
