Good post.
stupid post
I can’t even begin to tell you how much time was spent here at FR fighting over this issue. Back then I was in the minority, and was often invited to go “back to the DU”.
Interesting to watch things change.
Well, yes and no. Why haven't the Third World countries experienced the growth that most of the rest of the world has enjoyed? After all, even the author admits that the technology is mobile. Part of the explanation is labor specialization. Many of those countries lack a labor force sufficiently specialized (educated) to attract foreign investment. Technology doesn't occur in a vacuum. Labor creates the technology, labor embodies the technology in a new productive process, and labor uses that new process to produce goods and services that the market wants. If labor does not play a part in economic growth, the author needs to explain the existence of Third World countries.
Hard to believe the much dumbness could be packed into one article.
I suppose if people who actually understood economics tried writing about medieval history they would make as little sense as this lawyer-blogger does.
When the price of a good depends on the costs of production, then the price of a good will be cheap here if it comes from a country with low labor costs, and there are no tariffs here.
Many? I would say that is an understatement.
Nobody ever discusses the effect on a countries war making ability when all of its industry is off shored TO HOSTILE FOREIGN POWERS NO LESS!!!