You can’t possibly be serious when you write this. This is yet another example of the shallow, short-sighted, one-dimensional thinking that pervades all pro-offshoring arguments. That and it’s not like I haven’t pointed out the Death Star-sized factual errors this in your argument before - when it was first pushed by others.
Let’s leave out the fact that I never forget my working class roots. For you, obviously there is no such thing as caring for your fellow citizens just because. If you’re doing well, you must not care about other countrymen who are not.
Once again, as I posted before, I run an insurance business. When workers are making more money they buy bigger ticket items and want to save for retirement or their kids. People like me prosper in these situations because they have assets they want us to protect and (if you have a series 6/7+63 license) invest for them. When workers buy homes and higher-value cars, guess what? That means better commish for me. When workers earn higher wages that increases the likelihood their purchases will be done with a higher percentage of cash on hand and they are less likely to lose it to repossession. ESPECIALLY in this economy where credit is tighter. The short of it: I benefit when the working class prospers. So there’s my self-serving angle. Happy now?
I have long wondered what is the cause behind the incredibly bad arguments presented here for globalism, and now it’s becoming a bit clearer. Your argument here clearly says you believe that successful entrepreneurs cannot be vocal advocates for the working class. This kind of limited thinking is downright appalling in magnitude, but also sadly common in the pro-globalism camp.
Liberal? China have tariffs and both nations steal foreign intellectual property. China depresses their currency. You call that liberal? In exactly what universe does that definition come from?
You also ignore the fact that because of their policies they both have a growing middle class - unlike ours, which is shrinking.
So why doesn’t your love and caring extend to the rest of the world?
It is a FACT that globalism has enabled many countries like India and China to develop a middle class. It is also a FACT that the USA is the largest exporter and has the largest economy in the world. These are generally good things.
It is also a FACT that the trend is towards MORE globalization, not less.
And in spite of the picture you like to paint, people are not pro-outsourcing because they want to fuck over the poor and working class. They are pro-outsourcing because they believe it helps American companies stay competetive and that tarriffs and other forms of protectionism ultimately hurt the very poor and working class people they supposedly protect.
Our current high levels of unemployment were not caused by outsourcing. They were caused by the near collapse of a financial system overburdened with debt. Caused, in no small part, by people like you who sell insurance and issue mortgages with no thought about anything other than their commissions.
So why do you hate the poor so much?
I said “more” liberal. As in more liberal compared to the closed economy they had a few decades ago. China only started experiencing this miraculou growth once they opened their borders to foreign trade and loosened up their old planned communist economy a bit.
I’m not an economist, so this is just my amateur opinion. But I am referring to nations abandoning Laissez-faire capitalism, which seems to be losing steam. Even in the US we have various subsidies for various industries, taxes and regulations. Because pharmaceutial industries are lagging in R&D the administration is pushing for $1 billion in public R&D to get it moving again. There seems to be a good deal of overlap between basic R&D done by the public sector and R&D picked up by the private sector.
East Asian nations like Taiwan, Singapore, Korea, etc seem like they are developing public/private parterships on biotechnology. The US, along with most other nations, is subsidizing alternative energy R&D and purchasing.
China is developing a large number of labor and environmental laws right now. Several Latin American nations are uniting under agreements like ALBA that reject the worst aspects of capitalism.
So the ‘Chinese model’ of using the best aspects of both public and private enterprise is picking up even in the US over the concept of leaving everything to private enterprise.
Because they’ll take good care of themselves. I care about my country first. Period. Dot. Stop.
It is also a FACT that our middle class is shrinking. But you see that as a good thing… as long as we sacrifice to make everyone else better off.
Says who?
These beliefs are not based on any facts.
Property & Casualty insurance had zilch to do with this. I don’t issue mortgages. Next misconception?
This financial crisis came because offshoring took too many of our jobs overseas and left America with an economy that, for at least the last 10 years, has produced wage growth that has not kept up with inflation, and job growth that has not kept up with population growth. To mask this systemic problem people maintained their lifestyle by putting everything on credit. The financial crisis was a symptom, not a cause.
Why do you hate American workers so much?
Oh and I notice you didn’t have anything to say about the initiative process and how that has nothing to do with your totally irrelevant Chamber of Commerce / Republican cite.
Their growth exploded when they had stronger tariffs.
And considering the rate of growth of our debt, our currency is headed for collapse - which means they’ll go right back to no middle class.
That’s what you get for basing your economy on sucking jobs from another country: when your exports dry up, you dry up.
