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Originally Posted by rcentros
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.
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Right now we're in a very different kind of situation with the virus. In any case I think we're talking about the past 30 or 40 years, not the present. Yes we were hurt by factories moving but we handled it. People in some areas of the US had to relocate and they did. Overall, though, the economy here did okay.
Some of those Asian countries have gone from impoverished to developing status and have become important trading partners for us. We got hurt a little. We handled it. The world was better in the long run because of it.
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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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That's true and in some countries it's probably still true. In others things have gotten better. It led to democratization of some countries. Also when we learned about bad conditions in some places we did what we could to alleviate them. Sometimes it helped.
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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).
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I'm living in a retirement home in Arkansas now and have for the past nearly 16 years. I couldn't afford where I was living in Houston and life is easier here. I can't really say I miss Houston but I always liked living there till I moved away.
Barry