Posted on 09/15/2006 5:40:18 AM PDT by Tolerance Sucks Rocks
"increased productivity through innovation once drove wage increases" and still does.
No, I am glad to hear that they are right about this important issue. Just to make me more happy, show me the links you have seen. Yes, show me.
Better to be a true Frenchman than a globalised generic Mexamerican.
[There is a distinction] between common law [title] and equity title [that] helped develop forms of security based on the distinction, now known as the mortgage. Enjoyment of the property during the period where the mortgage was in good standing could be assured through the equity courts, while the right to foreclose on the property to merge the common law and equity title were guaranteed in the common law courts." Source
Let me guess: you have never run a business.
Great, so the bank that owns my house will pay my property taxes?
Enjoyment of the property during the period where the mortgage was in good standing
Are you saying that if I stop paying my debts my stuff might get taken away? Did you need to go to law school to learn that one?
Let me guess too, if you were running a business producing one pair of jeans a day, you must be out of business by now?
Labor costs are considerably higher than their hourly wage. The fact that you did not know this demonstrates that you have never run a business.
Fine, so you agree that high wages are smaller "problem" that it appears at first?
Isn't it interesting how the hypocrites who are so caustically against tariffs on the spurious grounds of "Socialist" "Central State Planning" of economies are also rather silent on this brazen socialist and centrally-planned governmental interference in the markets...and lives of our citizens. And spraying manure in any direction to try and cloud the issue of sovereignty so casually discarded under the rubric, SPP. It is a malific example of how governmental power can be abused when in the service of special interests, disregarding the public interest. The special interests are by definition...NOT THE PUBLIC. Nor is the hypothetical CONSUMER. It is the U.S. CITIZEN.
How about you proving the opposite?
Anyways, it is no challenge to confirm the truth in todays reality, when Northwest Airlines blithely moves to cut their employees pay by more than a third, while keeping their corporate compensation untouched.
A casual search on google reveals this link:
Yet that is the very thing which the phoney free traders do. They disregard how the reality is a construct of governments. Domestic, and especially foreign. The price of labor which is dictating global trade are more or less commanded in Beijing, which exploits its vast communist pool of labor and their free unfettered access to U.S. companies which believe they need to be in China to avoid being undersold by someone else...hence by our government's abdication of its proper role...the Chi-Comm government...with the full panoply of manipulatory tools in its arsenal (sucessfully scofflawing the WTO and its "rules"...giving them mere lip service) ...can divide and conquer.
When the doctor tells you not to skip your medication, you should believe them.
Sounds like you are reality challenged...and one of the PHONEY Free Traders. Adam Smith would not chacacterize the Global patterns of trade with China "Free trade." The Invisible Hand only exists at the sufferance of government. So you can't come to grips with reality, I see. And you lash out at those who see more clearly than you with your scale-encrusted eyes filled with logs. And it is you off your meds.
Anyways, just one example of how China's Communist Regime sets...and tilts...the entire international "playing table" :
China spends US$195b to maintain yuan peg
(Agencies)
Updated: 2005-03-02 15:42China's central bank spent 1.61 trillion yuan (US$195 billion) buying foreign currency last year to maintain the yuan's peg with the dollar, a rise of 40 percent over 2003.
The People's Bank of China also drained 669 billion yuan from the banking system via open market operations last year, more than double the 282 billion yuan used in 2003, Xinhua news agency said citing a central bank report.
"The central bank faces comparatively large pressure in the management of money flow and currency control," it said.
China keeps its currency pegged to the US unit in a very narrow trading bank of about 8.28 yuan, a level which trading partners, especially the United States, claim gives Chinese exports an unfair advantage.
China has resisted foreign pressure to loosen the yuan peg but has promised that it will move over time towards a more flexible exchange rate regime.
Balloning trade surpluses and years of foreign investment have flooded the financial system with cash and market players say the central bank has been virtually the only buyer of surplus hard currency such as the dollar.
As a result, China's foreign reserves in 2004 soared to a record US$609.9 billion from US$403.3 billion in 2003, with the increase equal to the total intervention amount.
Meanwhile, China's US$60 billion current account surplus, up US$25 billion from 2003, and US$61 billion of foreign direct investment (FDI), were additional large sources of foreign exchange, ING economist Tim Condon said in a note.
This still leaves US$74 billion dollars (614 billion yuan) of non-FDI capital flows, coincidentally roughly the same amount as the central bank drained from the system through its open market operations.
"This is the monetary management issue that we believe will motivate the authorities to reform their exchange rate regime by introducing greater two-way risk some time in the second quarter of 2005," Condon said.
I think you are motivated by sentiments with which I would agree (love of country, desire to see America as a world leader etc) so I don't want to be too hard on you. But like most conspiracy theories your conclusions are nonsense and are supported by the facts only after they have been carefully cherry picked.
I don't think you're helping your personal credibility or your cause by voicing them.
Ditto. Raised to the Power of Ten.
That was pretty funny, wasn't it? Sounds like 1984.
LOL ...Ditto to the power of a hundred!
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