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To: elmatador who wrote (3315)1/13/2006 7:46:00 PM
From: Crabbe  Respond to of 219462
 
"Work needs to become dirty cheap so that people are employed once again. But we have over-regulations. Unions should be banned and made illegal. No minimum wages should be allowed. That's necessary for the price of work come down. There's a lot of regulations and corporativism that act as barrier of entry. Those barrier of entry must be removed.<I/>

That is one of the stupidest statements I have ever read.

Sorry but it just is.

1900th century robber baron talk.

I suppose you are going to sell all the products of this dirt cheap production to??? who???. With only a lower and upper class the world of trade will come to a screeching halt.

Do you think that $12 jeans (for example) at Walmart is just because of cheap chinese labor, Or is it because of new technology such as laser cutting of material wasting as little as possible and many steps in the sewing process totally automated. I suppose the $29.99 DVD player is because of cheap labor.

Even if it were by your idea workers still could not buy them, goods are not ultimately priced in $, they are priced in hours worked to buy them. In my world I can buy three pair of those jeans for 1 hours work. In your perceived world I could maybe buy 1 pair for a days work. I could never buy a new car, a Television would cost 2 months work, etc. etc.

r



To: elmatador who wrote (3315)1/13/2006 9:38:11 PM
From: dan6  Respond to of 219462
 
<Moving to the purpose of this thread, the financial crash of 2001 and beyond>

Nice little essay, Sr. Matador. And as much as my sophist progressive friends might plotz to read it, there seems to be much truth to the benefits of globalization. Eventually markets do correct imbalances and our small globe will also correct its imbalances. Just a law of physics.

The problem is when it happens on your watch and life becomes a little tougher for you (and your country). Most people find it hard to take pleasure in the success of others (and their countries), when it happens at their expense. Those on this thread probably have little to worry about, barring all but total economic collapse. Not so, for many Amuricans and Europeans. Change is intellectually stimulating in the abstract, less so when you're doing without... -dan

"But you who philosophize disgrace and criticize all fears,
Take the rag away from your face.
Now ain't the time for your tears." -Bob Dylan