Posted on 02/08/2011 2:36:30 AM PST by Scanian
Spoken like a true pitchforker. I don't think you understand free market capitalism any better than Obama does -- you just come at it from another angle. NAFTA and GATT are the removal of tariffs, creating more trade and more wealth. The WTO simply arbitrates disputes on trade. And "open borders" is not destroying the Middle Class -- over-taxation is.
There is no such thing as Free Trade anymore. Not when you view labor as simply a moveable commodity which seeks the lowest level bottom line.
Hate to break it to you, but labor IS a commodity and the goal of any business is to minimize costs (including labor costs) and maximize profits, not to create a permanent entitlement for the work force.
You sound like you work in the Obama White House.
And you sound like just like a corporatist under Albert Speer’s direction.
Voting rights sufficient to control labor intensive industries generally doesn’t follow the percentages held as you describe.
Regards
The chamber of commerce does need to stop supporting slave labor from illegals and let the free market set wages, after the illegals are removed.
Workers of the world unite and all that jazz.
Where do the people actually risking their hard earned dollars fit into this equation? We call them “investors”.
I suppose the traitor and Marxist Onada has no clue that most workers already do share in profits. They are called raises, bonuses and perks like health care, 401ks etc.
Over at MSNBC they interpreted Obama’s speech as him just asking the Chamber to put pressure on House Republicans for more stimulus spending (he called investment) that they might get some of. I bet he would like their help on 'immigration' reform.
I look at illegal labor in another way(as I always tend to). Illegal workers s can make the economy MORE productive, make our lives better, when they work for low wages and benefits outside of government regulations. It's like my ibot vacuum cleaner or the automated food checkers in MD in all the food stores. But once they become legal, or when they produce kids that are automatically legal, they likely end up on unemployment and welfare and join unions and drain the system. Once they become legal and have to be treated by employers by all the regulations, they no longer have a job. Even if they keep a low paying job they still cost the taxpayers a fortune as legal with all the working poor handouts.
This thought above was about illegal workers, I know I wasn't addressing the problem of crime which is another problem
BTW : I am not saying that having a non-citizen permanent slave class as official policy would work in the long run. It’s just better than making them legal.
Ref post #3.
An excellent point!!!
Thank you.
“He has a Columbia and Harvard Degree”
They do not exist other than they were created for him as he is only an afirmative action product nothing else!
Elected only by those thinking it’s time for a “magic negro”
to be president as you see that was stupid thinking!
Greed, which is a looters problem is not the same as self-interest. Many, many lending institutions acted “greedy” and counter-intuitively to their own self-interest.
Oh...and PS...
the government encouraged that greed and that counter productivity.
...gimme a fricking break!
Who is John Galt?
Is this improvement in the circumstances of the lower ranks of the people to be regarded as an advantage or as an inconveniency to the society? The answer seems at first sight abundantly plain. Servants, labourers and workmen of different kinds, make up the far greater part of every great political society. But what improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, cloathed and lodged…
And:
…The liberal reward of labour, as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives. A plentiful subsistence increases the bodily strength of the labourer, and the comfortable hope of bettering his condition, and of ending his days perhaps in ease and plenty, animates him to exert that strength to the utmost. Where wages are high, accordingly, we shall always find the workmen more active, diligent, and expeditious, than where they are low.
Adam Smith
“Where wages are high, accordingly, we shall always find the workmen more active, diligent, and expeditious, than where they are low.”
Penned by Adam Smith before the advent of global competition.
The question is what relevance does this statement bear to the reality of a new global economy where wage scales dictate where the job will be sited.Quite frankly, where wages are “high” for unskilled labor, jobs do not exist. They are transported to countries where wages are not “high”.
Great book, great quote. Thanks.
True. And the really cool thing about America is that any one of us can aspire to those heights as long as government doesn't get in the way.
Bill Gates was not rich before microsoft. Warren Buffet was not rich before Berkshire Hathaway. That facebook dude was not rich before facebook. they were just middle class people with ideas of how to move up and they did.
My grandparents were poor farmers. Their children became lower middle class. I am mid to upper middle class and my children can be even more prosperous.
The upper 10% is an open club. Anyone can get in if they can make it.
That's entirely unnecessary. Nobody needs capitalists. </sarcasm>Every socialist knows that profits just happen, and investors and managers have nothing to do except rake in the dough and oppress the workers.
It's not what O doesn't know, it's what he knows that isn't so.
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