It’s nice to see someone who gets it: destroying our manufacturing base in pursuit of the mythical “service economy” is really just a race to the bottom of the standard of living totem pole, but only for the peasants. Those at the top reap the windfall afforded by the lower wages.
Although China is enjoying a rising standard of living right now, if it gets too high, the manufacturers will move on to Africa. Between the 1960s and 1980s, American jobs moved to Japan. Then Japan became too expensive and its jobs and American jobs headed to China and other Asian countries. The next untapped wage frontier is Africa. After that ... America! By the time Africa becomes too expensive, America will be a third world country beset with a large pool of desperate potential workers, and a new wage arbitrage cycle can begin.
It sure must be nice to be one of the elite and in a position to move the destinies of entire continents like chess pieces.
Hopefully, peak oil will arrest all this globalization and exploitation and return the world to a simpler one of face to face interaction and appreciation for one another as people rather than cogs in the fascist machinery.
It’s nice to see someone who gets it: destroying our manufacturing base in pursuit of the mythical “service economy” is really just a race to the bottom of the standard of living totem pole, but only for the peasants. Those at the top reap the windfall afforded by the lower wages.
Although China is enjoying a rising standard of living right now, if it gets too high, the manufacturers will move on to Africa. Between the 1960s and 1980s, American jobs moved to Japan. Then Japan became too expensive and its jobs and American jobs headed to China and other Asian countries. The next untapped wage frontier is Africa. After that ... America! By the time Africa becomes too expensive, America will be a third world country beset with a large pool of desperate potential workers, and a new wage arbitrage cycle can begin.
It sure must be nice to be one of the elite and in a position to move the destinies of entire continents like chess pieces.
Hopefully, peak oil will arrest all this globalization and exploitation and return the world to a simpler one of face to face interaction and appreciation for one another as people rather than cogs in the fascist machinery.
Dave
http://daveeriqat.wordpress.com/