When I left the Watchtower I thought that I would at last be with the majority of the population.
Objectivism, Austrian Economics and Atheism have become my core values.
Damn, I'm in an even smaller minority!
by jst2laws 33 Replies latest social current
When I left the Watchtower I thought that I would at last be with the majority of the population.
Objectivism, Austrian Economics and Atheism have become my core values.
Damn, I'm in an even smaller minority!
austrian economics? never heard of those. I do know about specialisation. America still has some comparative cost advantages, mainly high tech. My suggestion would be to let the old non competative industries go to china while you focus the economy on profitable high tech, even just development. The problem with this is however that you 're short of qualified labour while unschooled labour is demanded less, you''ll have more unemployment in this segment of the labourmarket. Economic change isn't painless.
:My suggestion would be to let the old non competative industries go to china while you focus the economy on profitable high tech, even just development. The problem with this is however that you 're short of qualified labour while unschooled labour is demanded less, you''ll have more unemployment in this segment of the labourmarket. Economic change isn't painless.
Not painless indeed. A huge part of the problem that has we Americans in a tizzy, be that tizzy one of acknowledgement or active denial, is that we can't help but notice that all those countries with brown and yellow people and even white funny-speakers, while yes, they work hard and cheap.... it turns out that they aren't stupid either, they don't have inferior minds. So our "high tech advantage", is a house of cards.
And every damn one of us knows it.
The ONLY solution, the ONLY solution, is for America to play well with the other kids.
" Heh, heh,heh . . . ayiee que bueno Manual. Now that the yankees are sending their airplanes down here to Panama for us to fix, we have great jobs eh, amigo? What's that you say, we have some bolts left over again? Ah, just toss them in the trash like we did last time, cover 'em up, no one will know . . .here, you want one more hit off this joint before we go home for the weekend?"
And there you have it.
As long as there is a level playing field I believe in Free Trade and not protectionism - the thing is virtually ALL countries engage in unfair trade practices to an extent
Hi Robert,
Where is this greater wealth the "world market" is creating? Oh, I remember now, that top 2% of the population. Free trade is a myth (ask any African national economist). Neo-conservative economics theory is good for a laugh but that's all. The de-industrialization of the American economy does not portend well for the U.S. future (pretty much aside from wealthy "white" people"-so don't worry, they're taken care of inside their fortified gated communities!).
I have to laugh at people like Ms. Rand and would love to put them in a country like the Congo and see how well they function in a society of like-minded individuals (their life experience is just a little too narrow to appreciate retraint in others). While greater "trading blocs" can improve some trade sectors, the costs of such national specialization are only now becoming obvious even to people like Lou Dobbs!
Sorry, I watched Grapes of Wrath last night!
W.
:My suggestion would be to let the old non competative industries go to china while you focus the economy on profitable high tech, even just development. The problem with this is however that you 're short of qualified labour while unschooled labour is demanded less, you''ll have more unemployment in this segment of the labourmarket. Economic change isn't painless. Not painless indeed. A huge part of the problem that has we Americans in a tizzy, be that tizzy one of acknowledgement or active denial, is that we can't help but notice that all those countries with brown and yellow people and even white funny-speakers, while yes, they work hard and cheap.... it turns out that they aren't stupid either, they don't have inferior minds. So our "high tech advantage", is a house of cards. And every damn one of us knows it. The ONLY solution, the ONLY solution, is for America to play well with the other kids.
No, the solution is that America demands that other kids play fairly. As the owner of a small manufacturing business and part of an industry that is loosing jobs every day to China I feel there is a lot the U.S. government can do. First of all I'd like to state that I'm not for "blindly" protecting American manufacturing jobs. However, the government can start by relieving the tax burden on small business. You think individual income tax is high, just try having your own business. It's nuts! This results in higher manufacturing costs. Secondly, it is unfair that the Chinese peg their currency to be below the US dollar. Something should be done about this. Third, large U.S. companies are receiving tax payers money to open plants in China. This is nuts. I guess what pisses me off the most is the handouts many businesses receive while small, family owned manufacturing companies get pissed on. I live in rural Illinois and the farmers in my area receive millions of dollars from the governments for not planting. lol. This is basically welfare. Why is this acceptable but helping U.S. manufacturing isn't?
Bas:
The website of the Ludwig von Mises Institute explains the Austrian School of Economics. Austrian Economics began with Carl Menger in the late 1800's and were fleshed out by von Mises in the first part of the 1900's. The most basic tenant is that economics are best explained by human action and not mathmatical equations.
Whiskeyjack:
As manufacturing jobs are sent to poorer countries the people who take these new jobs make more money and raise their standard of living to heights unattainable to them before outsourcing.
The more developed countries have cheaper goods to buy and can use their new found money to fund further research and develpoment.
I have friends that grew up in the African countries of Zambia and Tanzania. Their experience is that it is government central planning, cronyism and bribery preventing individuals in poorer countries from getting ahead. Not wicked plots of big corporations.
The countries where the governments allow the free market to operate without interference raise the standard of living for all their citizens.