Posted on 10/29/2011 3:53:12 PM PDT by Cringing Negativism Network
Noticing there really seem to be no economists, who have studied the effect of nationwide de-industrialization on a nation's economy.
How is that possible? There seems no economic study, as to what happens when a nation sends their manufacturing away all at once.
Seems pretty basic. What happens when a rich, productive nation, eliminates the means by which it created that production, and generated that wealth.
Sorry but I’m not seeing the “everyone better off” part.
Not seeing that at all.
De-industrialization has occurred in the USA because the USA has taxed and regulated business more than in other countries.American businesses located in America cnnot compete. With comparable tax and regulation environments American workers are more productive in the USA than workers anywhere else. But we do not have comparable environments. American business have far greater costs other than labor than do businesses in many other countries. American workers produce more per dollar of labor input than Indonesians do. It is cheaper and more profitable to produce goods in America except that the American government imposes more extraneous costs on American business. It becomes more profitable or it is the only way to be profitable to move production offshore where government imposed costs are less.
Michael Medved had the testicles to compare out trade deficit, with Wyoming having a deficit with California. ONE BIG THING WRONG with this is, California is America still. The money stays in country, the jobs stay in the country. The caller also asserted that we have a humongous trade deficit with Mexico now, and Medved did not correct him. I would assume since he only argues from strength, and bullying, that the caller was correct.
“...you’d better change your sources, because those are not the words of a conservative.”
Noob, you might wait just a bit longer before appointing yourself the authority on conservative thought around here. Such a comment has nothing to do with the question at hand. Conseratives don’t do lockstep thinking. Deal with it.
OMG, trade deficits between states, keeps jobs in America still. There is no comparison between sovereign nations having a trade deficit, and the shopper having one with the grocery store, or between states, cities or counties within the country. In this world of conflict, nations, slavery and wars, there can be no free trade, only managed trade by those seeking to pay back those they have been bribed by.
Exactly, conservatives do not. However, they do have a number of things in common, such as being for the USA's self-sufficiency and against trade deficits. They also don't believe liberal lies that masquerade as conservative thought.
Noob, you might wait just a bit longer before appointing yourself the authority on conservative thought around here. Such a comment has nothing to do with the question at hand. Conservatives don’t do lockstep thinking. Deal with it
Exactly correct. How sad it is that Red China has a lower corporate tax rate than the USA's federal corporate tax rate alone. Even more sad that it costs businesses $10,000 just to hire one new person, and six-figure sums just to comply with all of the aforementioned regulation, never mind the paperwork and time needed to keep up with up to fourteen regulatory bodies and their representatives.
De-industrialization has occurred in the USA because the USA has taxed and regulated business more than in other countries. American businesses located in America cannot compete. With comparable tax and regulation environments American workers are more productive in the USA than workers anywhere else. But we do not have comparable environments. American business have far greater costs other than labor than do businesses in many other countries. American workers produce more per dollar of labor input than Indonesians do. It is cheaper and more profitable to produce goods in America except that the American government imposes more extraneous costs on American business. It becomes more profitable or it is the only way to be profitable to move production offshore where government imposed costs are less.
Free Trade is alot like capitalism.
It works.
Nothing like global warming non-sense.
Over regulated overtaxed economies find it difficult to compete in the international economy.Which is exactly what the US has become.
Myths, myths, myths. ALL manufacturing that is still done in the US is performed by a private sector work force that is 93% non-union. There is no vat tax in this country(yet) and corporations pay income tax just like you and me. As far as regulations, the third world corruption and communism more than make up the difference.
Are you thinking it’s free trade that’s taking the country down or socialism? (I realize this is not a “ ‘yes’ or ‘no’ “ question.)
You are aware that this year’s winners of the Nobel Prize were cited specifically for demonstrating that large deficits hurt the economy. This is part of a string of awards to economists who generally support modest deficits to fight recessions, offset by surpluses during normal years.
I can’t say this view of deficits is the consensus view among economists, although it is clearly the mainstream view. There are a lot of Keynesian economists out there who, apparently, can’t be convinced that the problems we face are due to government interventions into mortgage markets, excessively easy credit and huge, unsustainable deficits.
However, since even most Keynesians favor free trade, surveys of economists show that 85 percent believe that all countries involved in free trade benefit in net. (The “in net” qualification is necessary because of the short-run negative effect on those employed in the shrinking sector.) This is a scientific consensus.
In contrast, surveys of climatologists show that only about 50 percent believe in AGW. About a quarter will say that the warming trend we’re in is not substantially due to human activity and about a quarter will decline to state an opinion on the issue. This is far from a scientific consensus.
Until the conservative "heavy" weights in the Mainstream Conservative Media (MSCM) see the light like Rush etc. the Limbot conservatives will not change their thinking. Conservatives can be lemmings too, just look around Free Republic...
That would be unconstitutional. Stupid comment.
WIth “Americans” like you who needs enemies?
Are you saying we get goods from other people in exchange for green pieces of paper? You have a problem with that?
“Yet economists, seem determined to avoid the reality. “
True. They never seem to notice that no matter how cheap the goods are, they won’t be purchased by people who have no jobs.
“If national de-industrialization is not in the theories, it simply does not exist?...”
They imagine that it is irrelevant. In their “thinking”, they seem to think that people can be retooled, rather like machines, able to change careers literally at will, with no negative impact whatsoever. They also imagine that somehow everyone will have a job shipping around said cheap imported goods, or selling them to each other, if they bother to think about it at all. They tend to see things like industrial production as “its all the same, just the location is different”, while ignoring the effects, or dismissing them as temporary.
“How is it, such a basic question is not addressed by economists? Those very people whose job is, to understand and study, our economy.”
Academics tend to live in a fishbowl, circling around their doctoral thesis and biting each other like sharks. Notably, academics also don’t care much for the nation-state as a concept, preferring a more ‘universal’ outlook, as they would see it. (That’s one-world globalist scumthink, to the rest of us.) If the evidence points some other direction than their predetermined conclusion, they ignore it.
“Does economics then go into simple denial? Hands over the ears, softly repeating “la la la I can’t hear you...”
Eventually, reality will step in. On our current course, it will break us. Our leaders, educated by these same academics I mentioned above, do not really believe there will be any consequences of it. Destitution will be the end result, but as I mentioned, they don’t care about the concept of the nation-state. The US is for them just another place on a map.
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