UtopianRanger -> RE: Blame Employers Not The Mexicans (7/14/2006 10:50:02 AM)
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quote:
ORIGINAL: JohnWarren quote:
ORIGINAL: popeye1250 Damn. Watching the news. The new Treasury Secretary made the statement that, "the US is inextricably linked to the Global Economy." Man, these people who are (Supposed) to be working for US just keep trying to "Sell" us on this "Global" stuff! I'm not a big fan of the Bush administration but this statement certainly falls into the "no brainer" class. If we were to close our borders and try to subsist without trade with other countries, we'd have a depression that would simply be unbelievable. John…. I’m usually pretty much in agreement with you when you post on subjects such as this, but in this post I’d like to see you cite your basis in fact for making this statement. I’ve watched the Argentineans recover significantly from the catastrophe of 2000/2001. They devalued their Peso by a three to one margin and enacted a nationalist referendum which says that anybody who imports anything into the country has to manufacture it there. They’ve essentially suborned all the globalist corporations to build in Argentina. Money is now starting to flow back into the country instead out; because everything is cheap down there. If you remember correctly, the Argentineans had a high standard of living, with a robust dollar-related economy before their debit bubble burst. This country’s consumer base together with our enormous resources tied to technology, is large and sophisticated enough to act in self-contained, protectionist mode which encompasses the producer acting in manner in which they are the sole consumer and visa versa. I guess what I’m saying is…. we can trade with other countries in way that we purchase their raw materials and then produce our own saleable products from them. We need fair trade not free trade as the globalist term it. One of these reasons we’ve went from the largest creditor nation to the largest debtor nation is because of such massive trade imbalance. And you know that history tells us that any nation-state that no longer produces what it consumes, has lost it way. I’ll end this by saying the main drawback I see from doing what I’ve mentioned above, would be a marginal reduction in corporate hierarchy wage and compensation packages/ corporate profits. I know that back in the 70’s the average CEO pay for a major corporation was something in the order 30-50:1 aginst the average worker; now its something like 450 :1. And what gets me is that the subastanial increase in profits that many of thedse corporations are now seeing isn’t exactly derived from breakthroughs / innovations in the market place, but instead through explotation of slave labor. So why should a CEO {With a publicly traded company} go from 30-50 to 1 to 450 to 1 just because they were shrewd enough to exploit communist China’s slave work force. Not only does that not make sense, but its morally and ethically wrong. Maybe I'm all wet on this one but I don't think so. - R
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