On Wed, Oct 6, 2010 at 4:24 PM, Maureen <[email protected]> wrote: > > Corporate America and the Chinese government don't want the public > focused on this information, hence the huge disinformation campaign to > blame the high unemployment rate on illegals and on failed stimulus.
The interests of a single state (using the IR term for a country) in doing the best for its people are out of whack with the interests of private enterprise in a capitalist system. This wasn't always the case, but technology has shrunk the world to the point where virtually any task a business needs done can be performed by a person anywhere on the planet. The result has been a mad dash by capitalists to low-wage states. Dogmatic Capitalists will tell you that it will all be OK, that growth will bring prosperity to all if we just unleash the inner capitalist in us all. That view fails to acknowledge the reality of modern international capitalism- that the open market is a myth in world trade. Countries like China exert tremendous power in promoting their goods at the expense of others, creating distortions in the supposed "free" market in their favor. What to do about it? In the long term, growing wealth in the developing world will fuel a resurgence in wealth in the developed world, but it is going to be a bumpy ride for the next decade or so. Personally, I am not too concerned about it. Either the people with all the money will spread it around (think Gates/Buffett drive to get billionaires to give their money to charity), or eventually everyone else will elect someone who promises to take all the money away from those naughty rich people ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:328659 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
