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 : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (25532)	1/21/2004 1:07:04 PM
From: michael97123	Read Replies (1) \| Respond to of 793742

"Your post infers that middle-class Americans must realize their lifestyle needs to deteriorate in order that multi-national corps can exploit slave-wage labor in 3rd world." Wrong. It is the desire to prevent deterioration that leads folks to expand the pie thru growth. Otherwise the next entitlement by government will be to guarantee lifestyles<g>. Every developing nation goes thru the "immigrant" like situation of lousy wages, lousy working conditions for a bit. I have not seen a way around that. But it leads to japans, chinas, indias as successes in the world. If we dont or wont make room for these folks at the table, al quaeda will seem like a rap music group some time in the not to distant future. Mike

To: Ann Corrigan who wrote (25532)	1/21/2004 2:45:41 PM
From: Lane3	Read Replies (2) \| Respond to of 793742

Your post infers that middle-class Americans must realize their lifestyle needs to deteriorate in order that multi-national corps can exploit slave-wage labor in 3rd world. You insist on characterizing this as exploitation. If you take a systems approach to it, though, you recognize that it's just part of the churning that goes on in the world. What is important is that we maintain a robust middle class. It is less important whether Jack or Jill is in it or not at any given point in time, only that there are enough middle class Jacks and Jills. The best way to assure the latter is to let the marketplace take its course. Recognizing that there will be some individual victims, we can take steps to help them through it, but trying to stop the process will distort the natural dynamics and could ruin everything for everybody. What you call exploitation, I call natural dynamics. They built huge manor houses & enclosed vast expanses of land for their personal use, while the starving masses were pushed off that land and into extreme poverty. This isn't then. Farming out back-office work to people in India doesn't produce starving masses. It just temporarily rearranges the players on the hierarchy.