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Strategies & Market Trends : China - The Next Great Stock Market ?
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To: pibi who wrote (26)1/4/2003 12:44:59 PM
From: RealMuLan  Read Replies (1) of 140
 
It is true that this global economy-free trade thing is doing some damage for the job market and workers' wage in the developed countries. but I have some questions though:

1) Why there is no strong (social) movement to lobby your congressmen to regulate the companies which export the jobs relentlessly? To the contrary, all I see from the US congress is making more laws which only benefit the CEOs and multi-national corporations and encourage them to export even more jobs to the developing countries. Is this the way how democracy works here?

2) Market economy - the essence of the Capitalism - requires to maximize the profit. And how are you going to do it with a saturated, over-supplied domestic (in developed countries) market, and a aging population (excluding the US thanks to the immigration policy over the years). Yes, it would be ideal to only sell the product made domestically to those have-nots in the developing countries, but how can those people afford them if their wage is so low, or if they do not even have a job?

For the poor people/nations, cheap goods do more good than harm, I have to say.
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