Archive for the ‘subsidization’ Category

An Economic Race to Third-world Wages?

July 7th, 2008

Recently I had a conversation with Paul_W regarding a piece I wrote for NowPublic. The conversation happened in the comments section of the article, so I will just reproduce it here. Enjoy!

Paul_W

“While Pinker’s questions are valid their conclusions do not appear to be consistent with how China is growing both technologically and scientifically.”

Were it not for Western capital investments in China and greedhead capitalists outsourcing their fellow Americans jobs to China, China wouldn’t have such growth “both technologically and scientifically”. But ‘Muricans are too stupid to realize that. Keep voting Republican and Democrat. Let’s all enjoy our economic race to third-world wages.

futureprogress

I don’t think invoking the stupidity of Americans is important to your argument. Namely, should jobs be outsourced to China (or anywhere else for that matter)? As a firm believer in free markets, I am inclined to answer yes. Every private organization should do what they feel will bring more value to their shareholders, including capital investments in foreign ventures.

The problems do not really stem from the changing employment patterns in the U.S., the problems stem from government repression in the marketplace, specifically, allowing less money to be controlled by the people to act in their own interests. These policies have a further effect on supporting local monopolies by shielding them from competing with monopolies in other countries which further inhibits smaller competitive growths in those markets.

Small business is adaptable and fuels much of the economy so that the outsourcing of jobs is a temporary adjustment in an open market. Again, the problems you seem adamant about come from the Governments intrusion on our rights, not cheaper labor in China.




Posted in Economics, Free Market, conversation, government, jobs, overseas, price controls, subsidization, tariffs, wage controls, wages, working class | Comments (0)