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Originally Posted by Hatterasguy
From what I have seen thats the problem with this "service" economy thats been forming. Its based on nothing, we shuffle money around and sell burgers to eachother. When you make something, like a ship, or steel, or equipment, you create something. You create real wealth, wealth that you can build a country on.
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Dead on. Real wealth is generated by humans refining products. This means agriculture, manufacturing, mining, building, etc.. A "service-based economy" is doomed to fail and it will do so very quick. It has baffled me a long time how politicians have said in this globalized economy that we (the western countries) now have a new, service based economy. Even a five year old kid can understand that if you have two people scrubbing each others backs, no money is made and thus they both will die because they can't afford buy food.
Quote:
Originally Posted by Hatterasguy
My point is this, I think the globalization/outsourcing pendulum has swung a bit to far to fast.
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Quote:
Originally Posted by Hatterasguy
Thats exactly what I'm saying. It only benifits a small group of people, everyone else is going to get screwed.
We can't compete with their labor, but if we add some taxes or tariffs we can level the playing field a bit.
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Funny you're reacting to this now.
This is what GATT, EFTA, NAFTA, G8, G9, G12, general globalization, FTAA, EU and [add your acronym here] protesters have been rioting against the past 20 years.
Anyone could have foreseen this.. if you let the Chinese (or pick your favorite flame target) compete freely with your own market, you are going to end up with almost total loss of domestic competence, manufacturing capacity and infrastructure in the long run. And yes this is exactly what happened to the US and most of Europe. Steel mills? Gone. Auto plants? Gone. Furniture? Gone. Electric appliances? Toys? Household items? Tools? ALL GONE.
Whodathunkit..
The only ones supporting this past 20 years movement of free trade are the small group you mentions that profit from this: large scale capitalists, banks and politicians. They are the ones pocketing on this. Not me, not you and not Joe the plumber or whatever his name was. We got a grand party with cheap Chinese ***** and now our money has run out. Unfortunately with the aforementioned loss of everything that was worth something in our countries 50 years ago.