Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (587)	1/9/2003 9:24:21 PM
From: PartyTime	Respond to of 25898

Stockman, that's pretty interesting writing by Henry C.K. Liu. Here's a couple of observations from me: >>> The reason world trade has been shrinking in the past few years may be that trade as currently structured transfers wealth from the less developed economies to the advanced economies, and from the poor to the rich within national borders, a double-barreled dwindling game. What is needed is to shift trade from being a game in which every nation competes in predatory exporting to earn dollars by lowering wages, to trade being a game to create wealth in all national economies through economic and human development. This means that trade should be structured to support economic development to raise wages everywhere, not to depress wages to compete for larger export share. This means trade incentives should be focused more on education, health, and social development, rather than exclusively focusing on low-cost manufacturing. The advanced economies should export their wealth-creating technologies to the less developed economies to enable them to create wealth locally through domestic development, not to export low-price goods and commodities to enrich the advanced economies. The advanced economies will have to be prepared to transfer technology and knowledge, forgoing exorbitantly priced intellectual property rights, accept smaller profit margins, leaving more generated wealth in the less developed economies, but because the world economy will then grow faster, even a smaller profit margin will yield higher profit for the advanced economies.<<< Autumn has ended and there's a bit of chill, but not much. The tres now are completely naked but the golf course is still good to a die-hard. The millionaire is a die-hard and wants to get another game in before snow begins to cover. As he's about to strike his first tee he notices three duffers, a short distance away but approaching fast the first tee. Keenly noting their attire and the fact they're each carrying ragged bags sporting worn shabby clubs, he relaizes these folks aren't as rich as he, certainly not members of the club. But he also notes the smiles on their faces. He concludes they're smiling 'cause the course is closed and the green fees are now seasonly free. Their smiles touch him and he delays his first swing, thinking: Oh, why not. There's no one else around. Let's play a foursome. "Wanna play a foursome, asks the millionaire?" They do, and it turns out one of the three dufferes was the better golfer. But given what happened, who cares--'twas a great game! Always will be when this sort of thing happens. Why doesn't it? >>>But the Chinese trade surplus from its export to the United States has a quadrupling effect on added US gross domestic product (GDP).<<< President Bush gave a great rally speech today at a flag factory, yes, in America. Unfortunately, it's exploited and cheap Chinese labor making most American flags and American flag paraphrenalia. I'll close by asking: Is Haiti still making most of the baseballs played in the Major Leagues? So let's match the salary of the lowest paid Haitian baseball maker to that of the highest paid Big League ballplayer. Not only that, let's match the combined wealth of all of the Chinese flag makers to the combined wealth of the president, the vice president and all of the members of the Senate and the U.S. House of Representatives. Indeed, they're making lots of flags but not much money; while the other group is waving lots of flags with lots of money. Oh, well. Back to my cave. Which reminds me. How long was it that most humans lived in caves? How long did it take to get to the point where the smartest technology on earth then got used to bomb 'em. Why not think. After all, it helps. Do any of my rightwing friends who chip in on this thread agree?