What are y'all thoughts on globalism and a one-world government?
What's the difference between globalization and globalism?
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.
So you don't think globalism is good for world trade?
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 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.
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 The unpublished and unofficial unemployment rate is the highest it has been in more than 60 years.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.
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?