At 02:31 PM 5/6/01 +0200 J. van Baardwijk wrote:
>>But, we are talking about massive effects, especially now after the US and
>>Europe have used up virtually all of their slack. Multinationals would
>>close factories in the US and Europe to open factories in 3rd World
>>countries. Unemployment would shoot up at first, and then continue to creep
>>up because there would be no chance for growth.
>
>You may recall that JDG and I discussed this recently. I agree with you
>that moving factories to the Third World would be bad for the European and
>US economies; John however is convinced that it would be *good* for the
>economy if we did that...
But wait a second Jeroen, just a few messages ago, you wrote:
>>One of the main effects of Kyoto would be a transfer of wealth.
>
>Doesn't sound like such a bad thing to me.
[snip]
>Of course, this would require the capitalists to start thinking long-term...
So what is it Jeroen? Is it good in the long term for us to transfer
factories from the capitalists to the Developing World, or isn't it?
JDG
__________________________________________________________
John D. Giorgis - [EMAIL PROTECTED] - ICQ #3527685
"The point of living in a Republic after all, is that we do not live by
majority rule. We live by laws and a variety of institutions designed
to check each other." -Andrew Sullivan 01/29/01
