Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ann Corrigan who wrote (42675)	12/7/2003 4:12:20 PM
From: Condor	Read Replies (1) of 74559

So, to recap. You feel, wages are being paid to Chinese workers that are too low for them to have a decent existence so you will boycott Walmart and remove the jobs from these low paid Chinese workers so they have no income. Those jobs will then revert to high paid US workers so they can continue a priviledged existence. And imagine, we're doing it all to help the underpriviledged of the world. Heyup.... sounds like a good plan for us. However, consider the following: MR. HARRISS: "Look at what's gone on in China over the last 10 years: There are 300 million people in those eastern coastal provinces who have seen an extraordinary pickup in their standard of living. And you're seeing an economy that is just about to take wing because you now have consumers who were never able to participate in the economy before." Message 19570475 To promote boycotts of Chinese goods on the excuse that it is ultimately helpful to the Chinese peasants is IMO a desperate lie conjured up in order to feel good and justify "keeping it all" for ourselves. cheers C

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