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The only way I can ever see a "world" government working is to repel an extraterrestrial invasion and even then I can't personally foresee it lasting after a threat like that were to go away or cease to be a problem.

Black Panther

grand master
What's the difference between globalization and globalism?

Globalism is a conceptual form of government where nations are abolished and a single unified government controls the world. Globalization is a term to describe the trend of large private corporations expanding their market reach and production methods across nations' borders in a bid to maximize profits.
 

Black Panther

grand master
What's the effect of globalization and free trade?

Free trade is not free. The leading issue in a global economy is obviously labor costs, but there are other factors that hurt U.S. based manufacturing and that is intellectual property protection and corruption.

Many of the U.S. global manufacturing "competitors" obviously keep their labor cheap, but they also blatantly copy U.S. technology in trying to undercut U.S. goods. And furthermore, U.S. law prohibits paying the government and quasi-government officials "commissions" (bribes) to get foreign contracts, which is culturally acceptable in many places.
 

Numero Uno

grand master
Free trade is not free. The leading issue in a global economy is obviously labor costs, but there are other factors that hurt U.S. based manufacturing and that is intellectual property protection and corruption.

Many of the U.S. global manufacturing "competitors" obviously keep their labor cheap, but they also blatantly copy U.S. technology in trying to undercut U.S. goods. And furthermore, U.S. law prohibits paying the government and quasi-government officials "commissions" (bribes) to get foreign contracts, which is culturally acceptable in many places.

So you don't think globalism is good for world trade?
 

Black Panther

grand master
I disagree with the assessment of globalism being a good thing regarding trade. All globalism did for the U.S. was transfer wealth from the U.S. to China. The U.S. single handily took a portion of its wealth and power and transferred it to China

I think that's largely due to taxation and regulations. The United States of America has made it very difficult to do business within its border. Look at the stuff you have in your house, how much of it says made in China, Taiwan, or whatever? If all your stuff was made in the United States of America or the European Union you wouldn't be able to afford half of it.
 

Black Panther

grand master
Can you expagorate how they took the wealth, did politicians pull up with the stick on the Fed?

Globalism like every other idea creates winners and losers with the U.S. corporations being on the winning side and the U.S worker being on the losing side. The unpublished and unofficial unemployment rate is the highest it has been in more than 60 years.

Many of the average American workers have given up on finding good jobs and are not included in the published unemployment rate figures. Once the number of workers that have given up on even looking for work is included in the unemployment formula the unemployment rate jumps to between 25 and 30 percent.
 

Scorpio

grand master
Globalism like every other idea creates winners and losers with the U.S. corporations being on the winning side and the U.S worker being on the losing side. The unpublished and unofficial unemployment rate is the highest it has been in more than 60 years.

Many of the average American workers have given up on finding good jobs and are not included in the published unemployment rate figures. Once the number of workers that have given up on even looking for work is included in the unemployment formula the unemployment rate jumps to between 25 and 30 percent.

The only reason this happens is that Americans have money and choose to buy cheaper products. The intervention of the U.S. government in the economy and the lack of innovation in business are the problems.
 

Numero Uno

grand master
If Chinese factory workers are getting paid much less for comparable labor to Americans, then that means it's the Chinese losing out on value because they are selling products much cheaper than they should be priced.

The same is true of currency manipulation. If the value of the foreign currency is suppressed, that means the American dollar goes further when buying products from that country than it should. Cheap Chinese labor and currency manipulation is a net gain for the US economy over the Chinese economy. What do y'all think of this reasoning?
 

Scorpio

grand master
If Chinese factory workers are getting paid much less for comparable labor to Americans, then that means it's the Chinese losing out on value because they are selling products much cheaper than they should be priced.

The same is true of currency manipulation. If the value of the foreign currency is suppressed, that means the American dollar goes further when buying products from that country than it should. Cheap Chinese labor and currency manipulation is a net gain for the US economy over the Chinese economy. What do y'all think of this reasoning?

China produces goods at a very low cost. The U.S. pays them small sums of money. Then the U.S. turns around and sells those same goods all over the world at 10 times the cost of production. How exactly has the U.S. lost? So I agree with your assessment.
 

Black Panther

grand master
The moral of the story is that it's a bit different today compared to Spinning Jenny. Robotization will eliminate an amazing range of jobs, so creating new ones will be impossible in the near future.
 
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