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#51
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OT--So many great headlines I can't decide which one to post
"Mark Browne" wrote in message news:Ikklb.840215$Ho3.246743@sccrnsc03... "NOYB" wrote in message ink.net... "Mark Browne" wrote in message . net... "Calif Bill" wrote in message ink.net... snip Your reply shows how much out of touch with reality you are. Explain how we are to compete in the world market, given our labor costs. Tell me again how much we are supposed to make to be competitive with $2.00/hour labor? We simply are not going to be able to reduce wages enough to be competitive with the third world. Now that the Pandora's box of free-trade is open, our standard of living will be under fire until the standard of living in the USA is equal to the standards of living in the poorest country in the world. There's your pessimism shining through again, Mark. Why not rewrite that to say "Now that we have free-trade, the standards of living in the poorest countries will continue to rise until the standard of living in those countries is closer to the standard of living in the USA"? You say "Yeah, right". Well...it happened in Japan. Hmmm, you seem to be comparing apples and oranges. Japan was a relatively small country in relation to the United States, and the degree of trade imbalance was small in relation to the United States GDP. The population in China, just to take one trading partner for example, dwarfs the USA. When you add up India, China, most of Asia, Mexico, and Canada, you are turning the equation completely around. We can bleed the USA dry and not bring the rest of the world up the current USA standard of living. On the other hand, as skilled jobs leave the country we can see a collapse of the middle class resulting in a transformation of the USA into a country resembling Mexico. The only hope in my mind is to use tools like the IMF and WTO to rapidly build up the economies of other countries, instead of bleeding them dry. Mark Browne Japan had a couple of things working for it. Number one, we rebuilt all their industries. Modern steel mils, etc. Our mills stayed with the older Bessemer and could not compete. Plus they were a very homogenous, great work ethic society. Plus we prevented them from having an army and that saved at least 6% of their GNP. Lots of growth from that alone. As Mark says, the rest of the world is too big for us to prop up alone. Europe is near bankrupt. Their social security system is consuming way to much money to keep going. Bill |
#52
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OT--So many great headlines I can't decide which one to post
"Calif Bill" wrote in message news:AFplb.719
Europe is near bankrupt. Their social security system is consuming way to much money to keep going. Bill That HAS to be the most ignorant statement I've seen you write in a long time!! |
#53
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OT--So many great headlines I can't decide which one to post
"basskisser" wrote in message om... "Calif Bill" wrote in message news:AFplb.719 Europe is near bankrupt. Their social security system is consuming way to much money to keep going. Bill That HAS to be the most ignorant statement I've seen you write in a long time!! You better study some European economics! France is trying to address the problem now and the public unions are striking. One of the reasons that the Metro in Paris is out of business so much lately. They want to extend the amount of time required before retirement by another couple of years. The retirement and health costs are becoming all consuming. |
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