Cheap Products vs. High Wages... Americans Want BOTH!

[makloda]

mgookin, I sincerly suggest you quickly renounce your US citizenship and emigrate to Cuba or Venezuela. These regimes share your views on how economies prosper over the long term and gain wealth.

If you take jobs out of a country, you hurt the economics of the country. Are you going to argue that point?

Yes, I ferociously argue that point. If you outsource uncompetitive jobs to 3rd world countries and instead focus your human capital on higher complexity jobs up higher in the value chain it benefits your economy and your nation's wealth. Only socialists and union members would disagree.

And: There is no alternative. Change and adapt, or die. All your whining doesn't matter, you can't protect uncompetitive jobs indefinitely.

 

[gnome]

Tweeeet! Ref blowing the whistle!

Makloda is "sort of right, theoretically", but missing the big point.

Therefore, "point awarded" to mcgookin.

 

[makloda]

gnome, please show me one practical example of a nation that through the erection of trade barriers and tariffs achieved above average wealth and prosperity over the long run - trying to protect local industries that would otherwise become uncompetitive.

 

[gnome]

Quote from makloda:

gnome, please show me one practical example of a nation that through the erection of trade barriers and tariffs achieved above average wealth and prosperity over the long run - trying to protect local industries that would otherwise become uncompetitive.

I've never studied anything about "trade barriers"... but America's "great prosperity years" are largely due our effectively having them.... not "official policy" ones but rather practical, economic ones.

The primary reason for the development of a middle class in America was because of unions. And the only reason that worked is because there was virtually no competition.

When the trade doors were thrown open, cheap overseas labor and loss of well-paying union (middle class) jobs in America became a big factor.

And the Brylcreem can't be pushed back into the tube now. Unintended consequences of globalization. Actually, it was destined to happen eventually... but we did much "shooting ourself in the foot" and hastened the process.

 

[Cesko]

Quote from mgookin:

Dear Foot In Mouth:

You are making a statement that if a country opens its borders wide open to foreign competition, it's good for the country and the respective industries, and conversely, if a country closes its borders to foreign competition then it's bad for that country (and the companies in the respective industries).

So I guess you have been buying up GM and Ford stock since NAFTA and WTO????? How much money are you making on those trades?????

You are pitiful. Your ignorance is incredible.

 

[Cesko]

I've never studied anything about "trade barriers"... but America's "great prosperity years" are largely due our effectively having them.... not "official policy" ones but rather practical, economic ones.

 

[gnome]

Quote from Cesko:


I've never studied anything about "trade barriers"... but America's "great prosperity years" are largely due our effectively having them.... not "official policy" ones but rather practical, economic ones.

Pardon?

 

[Cesko]

As a generalization Canadians are far more educated in social matters and human rights.

You were already told you are an idiot weren't you???

 

[Cesko]

Quote from gnome:

Pardon?

I am not going to argue anything here with somebody telling me trade barriers(good ones?!) are somehow good for standard of living. It goes beyond ignorant. Makloda is 100% right. That's all.
I wonder at which point his patience is gonna wear off and he dissappear from the board.

 

[Cesko]

I just need to add we are talking about country and its economy as a whole. Individually there are lots of losers obviously.