Quote:
Originally Posted by Rich Iwaszko
Hi,
Capitalism has proven to be the best economic system in the world. We are in fact better off then people in any other country as large as ours. The problem is, as any economist will tell you, the result of rampant capitalism is socialism. When the workers of a country are getting abused some social programs are needed to stabilize the situation. examples, minimum wage laws, social security, unions. We have in fact looked to other parts of the world for cheap labor, as our labor is no longer cheap, and cheap labor is the coal that stokes capitalism. So we don't make anything anymore. We have become middle men for their products. Cheap labor has long been abused and still is, it's just not our people. My point here is that we have to accept some social programs so that capitalism won't disappear leaving total socialism and military rule like in many other countries. The trick is the right social programs. All thoughts are welcome..........
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Looking to other countries for cheap labor has the benefits of lower costs for INDIVIDUAL companies. That's great for them. But, there are other GREAT costs for the US and US society. Namely, China and others STEAL our technology. There are additional shipping costs to making goods overseas. We have singlehandedly made China into a world power that rivals the US and NOW threatens us MILITARILY. It has increased supply disruptions of important goods and medicines for the US. This even includes even CRITICAL military parts.
Outsourcing has made individual Corporations rich, but has been responsible for the average wages of US citizens remaining constant (with respect to inflation) since 1970. Outsourcing in combination with bad tax policy has given the US the greatest WEALTH DISPARITY in the 1st world. The country that fought a revolution against KINGS now is again ruled by KINGS.........Corporate KINGS......Bezos, Zuckerberg, etc, etc!!!!!!