Quote:
Gary, all products will be made by the lowest cost producer. If jobs left the country for a lower cost producer that's economics, globalization. whatever you want to call it.
Sure ..and if done in a HONEST and ABOVE BOARD manner ..everything is self correcting. Usually it works this way. "If I'm too broke to buy your widgets, you can go stifle yourself." Hence, foreign producers are usually forced to assure that there are viable customers. This realigns our labor pool to assure a favorable differential for continued trade. We employ them. They employ us. This had one complication that Wall St. & Co. had to overcome. The "realignment" was after a recession ..and the reconfiguring/retraining of our labor pool was cumbersome and cause delays. So, they basically conspired to assure that there was an extended watershed economy held up by vapor money in the form of new housing starts. This provided enough false downstream supporting economy to shovel money off shore while letting millions lose their jobs at gainful employment. Add to this the loans on goods we couldn't pay for ...credit we didn't warrant ...blablabla ..and all flagshippped by our own Fed Reserve.
Quote:
If one would prefer to artificially raise the cost of goods and services through tarrifs (which are some of the most regressive taxes known), who am I to argue? The underclass will suffer much more under this arrangement, but again, who am I to argue?
If one would prefer to artificially lower the cost of goods and services through phony money (which are some of the most criminally insidious and disingenuous convoluted techniques of THIEVES AND LIARS)and send your fellow American to the poor house (just don't tell him until it's too late), who are you to argue if it benefits you? You'll take the gain, no?? I'll suppoort your right to do this in self interest. I'll support your right to take pride in helping it happen. THAT'LL TEACH 'EM!!
Quote:
The cost of goods (produced in this country) and services are artificially raised through environmental regulations, workplace regulations, you name it. Let's get rid of all of those so we can REALLY compete with the third world.
True, but more insidiously, goods from other nations are artificially low do to loans by the producing nations. I don't give a rat's behind about some horse hoocky "balance of payments" non-sense that the financiers point to in some rationalization of keeping the bathtub drain open.
We have "legal corruption". We don't outright bribe anyone. We have the Dept of Agriculture, the EPA, the DOT, the insurance cartel, the medical cartel, the pharmaceutical cartel, and the legal cartel. We, for a while anyway, could afford to support these bureaucracies/sectors because we had the wealth. Now they're the albatross around our necks. It's their "self service" that makes us non-competitive ..yet they are most instrumental in assuring their own niche access to our revenues. They're actually socialized enterprises. Those who earn support the entire system in one manner or another.
