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Originally Posted by barryem
A very good example of putting greed to good use; or at least it might be. There are, of course, bad examples of this as well.
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A very good example of
greed at work.
Quote:
Originally Posted by barryem
Here in the US wages are relatively high and in some Asian countries they were very low so companies shut down plants here and moved them there. American workers were hurt by this but not greatly, at least most of the time. We have an economy that can deal with this.
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No we don't. Have you taken a look at the shuttered factories in Detroit lately? Or the former steel mills around Pittsburgh? Or the shuttered factories in New England (where they used to make shoes)? Moving factories overseas has devastated whole regions of our country. I'm guessing you happen not to live in one of these regions, which skews your view. A country can
not survive in the long term relying on the "service industries." At some point it collapses. The only reason our country hasn't collapsed yet is because we are trillion$ and trillion$ in debt. That also can't be sustained in the long term. Real wages go down and a smaller and smaller percentage control more and more of all capital. It's not healthy and it's not sustainable.
Quote:
Originally Posted by barryem
Asians, on the other hand, were put to work, often for long hours and too little pay, kind of like what happened in the USA a century or two ago. And like us, the workers negotiate and wages go up and the standard of living goes up, which means people want more and local economies improve there and they start looking more and more like us. Most still have a way to go. Some Asian countries are now pretty strong.
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Basically most Asian factories rely on wage slaves. They even put up netting around some of the factories to keep these wage slaves from jumping out of windows and committing suicide. Personally I can't condone this. It is greed and not necessary for capitalism.
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Originally Posted by barryem
I hope you see this before you leave for Texas. And I hope you enjoy your trip. I lived there about 65 years. It's a great place.
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I've lived here for a while. It's probably where I'll end up because I want to be near my kids and grandkids. But, if I had my rathers (and my children near), I would live somewhere a little cooler, like Idaho or even Montana (where I lived when I was a kid).