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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (9099)	12/21/2000 6:55:36 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 10042

if you wanna have a clue on what's going on in Europe, It would seem to me, rather than trying to cast this issue into fascist vs socialist themes, that the issue is there is not enough work for Europeans who need it, let alone for the immigrants (auslanders.. etc). Thus, naturally there will be a backlash amongst workers. But then again, it could be similar to the situation we find in many of our western states where Mexican and other Latin workers migrate here to perform work that Americans, no matter how much they may need a job, are unwilling to do. This guy, on the other hand if I'm reading him correctly, is trying to make an argument that capital is fascist, deliberately trying to disadvantage worker who demand higher wages. But it really is nothing that sinister, imo. Labor is a resource and a cost of production. The reason capital flows to certain markets is because they can produce goods at a price that will net them a profit. When the cost of that labour is increased arbitrarily and reduces their profit margin, without increased productivity to compensate, capital will flow elsewhere where profit margins can be restored. Now to the extreme, yes one might imagine a sinister capitalist plot to exploit and disenfranchise the poor and lowly worker in the name of profits... That is until people suddenly come to realization that workers are also CONSUMERS. And to have TRUE profits, you need someone who is able to purchase them. Thus, over the long term, a smaller profit margin in some industries over the short term will increase long term profitability as workers possess more purchasing power. The TRUE AND MOST MAJOR PROBLEM with capital outflows is the lack of any legal recourse to corruption and arbitraty business regulations by the government in which production occurs. Regards, Ron