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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (46375)	5/7/2001 5:39:33 PM
From: willcousa	Respond to of 70976

Beautifully put, Sam.

To: Sam Citron who wrote (46375)	5/7/2001 5:57:28 PM
From: Fred Levine	Respond to of 70976

Sam--re:<< But fear not -- future profits will derive more from the exploitation of ignorance than from the exploitation of cheap foreign labor. >> In the case of the Ghanaian accountant--it was about 5 yrs ago that she was hired (from a pool of 200 applicants), and I can find out if her income has increased. However, given the 200 applicants, she hardly considers herself exploited. IMO, we -- meaning members of the human race -- all benefit from global competition. Productivity increases and consumer prices therefore go down, leaving more disposable income. In fact, it is this very globalization that, IMO, has prevented US inflation during the extraordinary period of high employment levels. It also forces US manufacturers to increase productivity, which has occurred. I love it that we can tap IQ points from Israel, Ghana, India, and China in many of our technical products. We all benefit. Furthermore, I think globalization is an international force towards stabilization, for the reasons mentioned in other posts. People have more to lose by war and revolution and more to gain by peace and trade.Remember, we are the largest exporter of agricultural produce and only people who are alive can eat. fred