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 : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (21466)	8/1/2012 1:46:04 PM
From: LLCF	1 Recommendation Read Replies (5) \| Respond to of 85487

Yea, one can produce all sorts of fancy sounding "research" simply by taking a bunch of stuff out of context and pasting it together... fancy sounding to folks who don't know what real research is that is. Plagerism, falsification, and outright lying are common place these days unfortunately. Luckily, on a lot of these issues the truth tends to be pretty obvious. Economically speaking the widening gap in income and wealth is an obvious outcome of free trade with impoverished nations... the "workers" are competing with China. This isn't rocket science. It also isn't necessarily "wrong" if you look at the globe as a whole, look how the Chinese have benefitted materially for example. This is exactly what trade theory predicted, and there was no suprise. The whole point of trade theory is inputs will come from where they are cheapest, for jobs, that was Asia and Mexico... consumers here got the cheaper goods, shipping boomed, etc. What was wrong, as Ross Perot pointed out in his election bid is that all this was an obvious outcome and Clinton & Bush were just "hoping" that somehow other jobs would magically materialize... essentially, if they knew anything about economics they were lying. What is also "obvious" is that Romney's entire business career was spent "adjusting" businesses to take advantage of misplaced cost allocations based on the new labour input costs brought on by NAFTA/Free trade with China vs higher priced American labour. This isn't "wrong"... but again, don't lie about it... you made money by outsourcing American jobs... no worries... unless you CLAIM to be creating them! LOL DAK