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Strategies & Market Trends : ahhaha's ahs

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To: deeno who wrote (7987)	4/13/2006 2:28:35 PM
From: MulhollandDrive	Read Replies (3) of 24758

well perhaps i did not elucidate sufficiently but my greater point is that without property rights, those 'sweat shop' workers have absolutely no motivation or aspiration to move beyond simple 'wages' because true ownership is precluded by the state it seems pretty simple to me... by definition, communist china cannot be a true capitalist society without real human and property rights reform... for now they are just the cheapest sub contract bidder for manufacturing.... what happens when they are undercut by say, africa? or even the ME (once they lose their commodity edge with oil) without property rights, it is truly a 'race to the bottom' and as an entrepreneur who employs, i must disagree with 'labor at the cheapest possible price' meme as 'capitalistic' labor does not dictate what drives the capitalist... as a capitalist, i could not care less whether my labor is 'cheap' or not... what i care about is productivity and profit... cheap labor is by far no guarantee of that, in fact in this environment, it is the opposite obviously 'cheap' is in the eye of the capitalist beholder....what i look for is value....and i reward accordingly i can hire people all day long who are 'cheap' but will wreck my equipment, alienate my customers, and do nothing to engender growth.... but yippee! i can pay minimum wage with no bene's with all due respect get real

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