Showing posts with label poverty. Show all posts
Showing posts with label poverty. Show all posts

Sunday, December 14, 2008

Why the US is not competitive with China in manufacturing



As you can see from the video, Chinese workers live like rats and make a whopping $300 a month working burnout hours. If we want to live in third world conditions, we can compete on a level cost structure too! If we are going to have a global labor market, then we must accept living like the rest of the world does: in crushing poverty. Free trade in labor does not help Americans because we cannot compete on costs with third world nations, so we either have to accept slave wages or give up manufacturing, or some combination of both. Either way our standard of living must fall as convergence of wages comes closer and closer.

Saturday, November 22, 2008

This too shall pass


The image above is the left wing irony equivalent of the famous picture of Americans standing in a breadline in front of a billboard proclaiming the world's highest standard of living . Here a Venezuelan man picks through garbage to get food and items to salvage under a graffiti dedicated to a Marxist revolutionary. Both images portray the flaw in latching on to ideology, as ideologies are simply means to have power over people.

The previous statement is simply a reflection on the self interested nature of humanity. If that were not the case, then humans would be able to come together to rationally distribute resources for the sake of harmony. Instead, in any system of government there arise a class of rulers and a class of the ruled. The ruling class hordes the wealth of a nation that is produced by the ruled class' labor. This occurs in every system because there is a cartel problem in that the benefit to cheating is too great for such an order to continue. In other words, in a system where all the resources are evenly distributed among every member, there is a gigantic incentive to cheat because the small margin of excess over the next guy gives you political and economic power greater than the next guy since you can use the excess wealth to curry influence. It's the same reason why Goldman Sachs can steal $700 Billion from the treasury and Chavistas live in mansions. It's the same human failing with twin masks.