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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:20
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quote: Originally posted by Imran Siddiqui
I didn't know you had a magic ****ing wand!
quote: I suggest that third world countries wake up, and realize that improving the quality of life for workers is in their own best interest, as it will help improve their own country's economy. |

Increasing the quality of life for their workers requires that they let in businesses and allow them to pay the employees at the level they are being paid, which is MUCH higher than the average wage in that country.
I love how this magic wand exists which allows countries to increase the quality of life for their workers by just a wave of the hand.
By having a minimum wage and standards equal to the West, they kill their economies, totally and fully when companies leave en masse.
... South Korea sure screwed up their economy bad by starting out as a sweatshop country. |

However, one point in the whole globalization argument that seems to be skated over by everyone is that there needs to be standards similar to the west in terms of market transparency, corruption, some separation of government from corporate interests, etc. If South Korea hadn't seen significant political and financial markets reform, they'd be a hell of a lot worse shape than they are now.
It doesn't do a country (as opposed to its ruling elite) any good if the economy is run for the benefit of a kleptocracy a la Suharto in Indonesia. It's not a whole lot better if you have a nepotistic-cronyistic oligarchy a la Mexico under the PRI.
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999 time: 21:20
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quote: Originally posted by Kidicious
What lower prices? Some cheap crap made in China or Mexico? Oh yeah saving 50 bucks on a TV and some cheap **** made in China is really worth the loss in jobs here and the weaker job market. 
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If you get the cheap **** made in China, that's your choice. There are plenty of high quality products made overseas, and many are higher quality than what was produced domestically.
It was great in the early 80's to go by the GM plant in Fremont, CA, and see all the German and Japanese cars in the parking lot. I figure the shop rats who made the cars there knew more about their quality than I did, and the parking lot was a ringing endorsement.
I don't know about the weaker job market thing - I've adapted and moved on from the energy fiasco and got a lot of work coming in. Maybe if some people have persistent trouble getting or keeping jobs, they're in the wrong place, have the wrong skills, or have performance problems. 
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No. Bubbles are a thing with capitalism. You have the wrong system. |
Bubbles, plural, because the marketplace adjusts, corrects and moves on forward. With communism, your probably right, it's more like an event horizon than the surface of a bubble, and the shock wave after the implosion goes on a lot longer than any bubble. 
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All times are GMT. The time now is 05:20. Apolyton Time is 00:20. |
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