They didn't.
Posted on 05/03/2013 12:00:05 PM PDT by Sheapdog
When economic patriotism died Pat Buchanan agrees with the pope about ' the dark side of globalism'
“This is called slave labor,” said Pope Francis.
The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400.
“Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!”
The pope is describing the dark side of globalism.
Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago, had almost none?
Because the Asian subcontinent is where Western brands – from Disney to Gap to Benetton – can produce cheapest. They can do so because women and children will work for $1.50 a day crammed into factories that are rickety firetraps, where health and safety regulations are nonexistent.
This is what capitalism, devoid of a conscience, will produce.
(Excerpt) Read more at wnd.com ...
And if companies have to pay a ‘competitive wage’, they’ll go to the locales where the workforce is more skill—and Bangladesh will fall further into poverty.
Yes, safety should be observed, but condemning the low wages of low-wage countries leads to exactly what such ‘compassionate’ people at least claim to want to avoid.
Are you at least familiar with the concept of comparative advantage?
Ronald Reagan.
Maybe you could prove that higher taxes work?
Why?
How did the Bush steel tariffs protect the American worker?
Literally, because he thought it would collapse society.....
They didn't.
He is a successful businessman in the form of starting a magazine publication and authoring numerous best selling books, but besides that, he's done alright.
As for his general pov on trade, sure he could be right. One can see the obvious results of wage arbitrage via globalization. The middle class in American has been odd result in history, now that 'real' market forces are at play, it will shrink, but that is the nature of current principles.
He’s not a business man, but yes, he has made money on the strength of his political connections - and he has traded on his name recognition - and all of that is fine......but if you think that has a damned thing to do with main street business reality, you don’t know anything about main street business.
Karl Marx stated that he was in favor of “free trade” because it would lead to a revolution of the proletariat vs. the bourgeois. And protectionists who quote him, agree with him.
Leading to a very humorous paradox: people who agree with Marx calling you a Marxist.
At least this time you are defending Friedman.
He’s a protectionist, he can’t use facts.
Frankly, I was expecting the: “derp, you post graphs and stuff.”
Well OBVIOUSLY the problem with America is there isn’t enough of the right kinds of taxes!
Marx was in favor of free trade because it would cause bad things, in his warped mind, a mind that was never correct about anything economic. I, Milton Friedman, Ronald Reagan, Thomas Sowell, and many others are in favor of it because we know it will cause more good things for more people than the alternative. So I dont give a fk why Marx or other idiot leftist are in favor of it. They are wrong, and their motivations are evil. Irrelevant.
Oh for cryin out loud.
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