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You seem absolutely convinced of your own 'brilliance' in economic theory - probably as much a 'genius' as the financial gurus who have landed us in the current debacle. I don't care about your 'theories' of how capitalism is supposed to work. The fact is that outsourcing to India (I.T. jobs), and to China (manufacturing), have stripped away thousands of good paying jobs from America. Put that in your pipe, and smoke it.
It was mainly greed and idiotic borrowers that got us in this current situation. Outsourcing had absolutely nothing to do with it. Your same logic would support my calling the sky pink with yellow polka dots, though...
Quote:
Originally Posted by malamute
Outsourcing is actually as stupid a policy as they come. It is an outcome of runaway capitalism that cannot be satisfied except by communist labor.
What happens when the $0.25 an hour Chinese can't buy the $2000 televisions and neither can the unemployed American?
That's why the USA is headed to collapse and soon.
There are probably at least 1001 reasons why the US is currently heading in the wrong direction, but outsourcing is definitely not one of them. Would you purposely go to a store and buy an over-priced defective item? Would it make sense to pay 100X more for something when the exact same product is available in another store and actually has better quality in addition to the lower price?
BTW, I will support government funding of training and education as long as the tax payer gets a return on their investment, like with the GI Bill.
not true at all. Compare a Vizio TV with the competition from Japan, Korea, and china. Then compare a Dooney (made in the USA) purse with a chinese made Coach. There are plenty of success stories out there, if you open your eyes and decide to educate yourself.
BTW, look at what you're typing on.. where did the design of the CPU come from and who made the routers that got the words to me and the rest of us?
'Here is a list of companies we've confirmed are "Exporting America." These are U.S. companies either sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers.'
And this all started 40 years ago with the offshoring of manufacturing.
All that is left now is service type jobs where you physically have to touch something. Everything else can be done for a fraction of the cost in some other country and imported here.
Would you really want to do something the average Mexican can do? Get off your lazy butts and do something more productive.
They are making steel in Mexico these days. There used to be a lot of steel made in the US. Steelworkers had good jobs, with middle class to upper middle class wages for high school graduates. Don't blow off Mexican labor.
You seem absolutely convinced of your own 'brilliance' in economic theory - probably as much a 'genius' as the financial gurus who have landed us in the current debacle. I don't care about your 'theories' of how capitalism is supposed to work. The fact is that outsourcing to India (I.T. jobs), and to China (manufacturing), have stripped away thousands of good paying jobs from America. Put that in your pipe, and smoke it.
They aren't 'my' theories, they are the theoretical understandings that underlie modern economics as a discipline. If you are someone who believes that capitalism is 'good' and an engine of economic growth, then the only reason you could validly believe such things is if you base it on the very economic theories that you are putting down. Capitalism is an economic system that functions according to a set of logically related principles. It is these principles which validate notions of capitalism being beneficial to economic welfare. YOU can't be a capitalist while simultaneously deriding the economic theory of Capitalism! You clearly completely lack any understanding of modern economics, rather you seem perfectly happy to complain about something that's occurring without having any understanding of why it is happening, what the consequences of it happening are and what the consequences of attempting to stop it would be. It is irrational to hold such strong beliefs about something for which you have virtually no education on.
What you are arguing is anti-capitalist, it is most certainly anti-consumer and it's anti-economic growth. You'd sacrifice the economic well-being of our country as a whole to try and save jobs for which we have long lost our comparative advantage rather than pursue the policies which could put those workers in better, more productive industries. The kind of protectionism which you seem to so dearly love would hurt the US, it would lead to economic stagnation by slowing economic growth, it would lead to much higher prices for American consumers leading to increased poverty, it would lead to the US falling further and further behind other developed countries in terms of technological innovation, etc.
The major economic theories regarding comparative advantage, trade, government intervention, etc. are not what has gotten us into the current mess; anyone with any formal education in political economy will tell you this. The problem is that government's don't base policy on objective economic assessments, rather most policies are designed and implemented for political, rather than economic, reasons (agricultural subsidies are a perfect example). If the government actually designed policies aimed at meeting the goal of maximizing economic welfare alone then we'd be in a much better position that we are now; instead, political goals often interfere and lead to suboptimal outcomes. The kinds of policies you propose are exactly the kinds of policies aimed at political goals which are hurting our country as a whole.
They are making steel in Mexico these days. There used to be a lot of steel made in the US. Steelworkers had good jobs, with middle class to upper middle class wages for high school graduates. Don't blow off Mexican labor.
Have you ever been to a steel plant? Believe me, you would not want to work in one.
They are making steel in Mexico these days. There used to be a lot of steel made in the US. Steelworkers had good jobs, with middle class to upper middle class wages for high school graduates. Don't blow off Mexican labor.
My great grandfather supported a family by working in the railroad stockyards. Would I recommend that as a career option to my kids? I don't think so. I'm glad we're moving beyond doing repetitive physical labor in this country.
They aren't 'my' theories, they are the theoretical understandings that underlie modern economics as a discipline. If you are someone who believes that capitalism is 'good' and an engine of economic growth, then the only reason you could validly believe such things is if you base it on the very economic theories that you are putting down. Capitalism is an economic system that functions according to a set of logically related principles. It is these principles which validate notions of capitalism being beneficial to economic welfare. YOU can't be a capitalist while simultaneously deriding the economic theory of Capitalism! You clearly completely lack any understanding of modern economics, rather you seem perfectly happy to complain about something that's occurring without having any understanding of why it is happening, what the consequences of it happening are and what the consequences of attempting to stop it would be. It is irrational to hold such strong beliefs about something for which you have virtually no education on.
What you are arguing is anti-capitalist, it is most certainly anti-consumer and it's anti-economic growth. You'd sacrifice the economic well-being of our country as a whole to try and save jobs for which we have long lost our comparative advantage rather than pursue the policies which could put those workers in better, more productive industries. The kind of protectionism which you seem to so dearly love would hurt the US, it would lead to economic stagnation by slowing economic growth, it would lead to much higher prices for American consumers leading to increased poverty, it would lead to the US falling further and further behind other developed countries in terms of technological innovation, etc.
The major economic theories regarding comparative advantage, trade, government intervention, etc. are not what has gotten us into the current mess; anyone with any formal education in political economy will tell you this. The problem is that government's don't base policy on objective economic assessments, rather most policies are designed and implemented for political, rather than economic, reasons (agricultural subsidies are a perfect example). If the government actually designed policies aimed at meeting the goal of maximizing economic welfare alone then we'd be in a much better position that we are now; instead, political goals often interfere and lead to suboptimal outcomes. The kinds of policies you propose are exactly the kinds of policies aimed at political goals which are hurting our country as a whole.
This is like arguing with one of those people that protest at the G20 summits and the like. They know nothing except for some guy told them corporations are bad because they have all the money and control the Earth. They don't need to bother with the truth or anything crazy like that. All they need is the intraweb and that guy to tell them everything they need to know about the world economy. Mostly college students too and you know they know everything because they're college students...
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