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To: unseen
Amazing that only in America has economic growth translated into personal wealth growth in the last century...

What about Eastern Europe?

...now with free trade that is all being shot to hell too.

Our economy has grown, and society as a whole has benefitted greatly from free trade. There are issues with outsourcing, but bear in mind that many comanies will outsource to avoid rediculous liberal taxation, lawsuits, and regulation, in addition to cheaper labor elsewhere.

The Economist article I sent you in #13 is a very good read.
15 posted on 12/09/2005 9:20:11 PM PST by proud_yank (Experience Tolerance: tell a liberal you own guns and drive an SUV!)
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To: proud_yank; unseen; A. Pole; vrwc0915
bear in mind that many comanies will outsource to avoid rediculous liberal taxation, lawsuits, and regulation, in addition to cheaper labor elsewhere

Yes--civilization has too many pesky rules that get in the way of unfettered greed.

18 posted on 12/09/2005 9:29:34 PM PST by Age of Reason
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To: proud_yank

The middle class is the engine that drives growth. Without the middle class you do not have growth. The majority of job creation in the US is from small business which are headed by a majority of the middle class. The poor in the majority of times do not have the capital to drive economic growth or wealth creation. The very rich do not like to take major risks. They have theirs, why should they risk it all. Yes they will invest in safe secure industries, they may even take some risk but it is the middle class that takes the most risk, that in the past drove the savings and investing of the USA. It is because of the middle class that this country has been the greatest economic engine in the world for the last 60 years. without a middle class free trade will fail. Thus most third world countries do not see any benefit from globalization. Only when the worker protection laws/environmental laws/ and right to organize come to these third world nations will they see any wealth creation because the middle class would have been formed. the USA is in the process (due in large part by the outsourcing of middle class jobs to the dirt poor) of destroying the middle class in this country. If the cycle continues this country will look more like Mexico with a few very rich and 90% poor. Much like the USA of the 18th and 19th Centuries. An example GM has shipped countless jobs to Mexico and overseas. these jobs where good paying and help support numerous other businesses in the Area of a GM plant. These employees and the people downstream bought GM cars. Now GM is seeing their market share shrink. One reason is because these laid off workers and the downstream economy can no longer afford to buy their product thus GM is killing their own customer base and they wonder why they are losing market share. In thier Greed to make more money GM has shot itself in the foot and may have inflicted a fatal woundon itself. Free trade is not the answer.


53 posted on 12/10/2005 4:39:44 PM PST by unseen
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