Is globalization behind the recession?

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ruveyn
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21 Jul 2009, 6:18 am

monty wrote:

Ahaseurus2000 wrote:

Any single country can run out of oil and it is a moderate to minor issue; when global peak oil is hit, then the price will tend to rise everywhere.

Which is the surest way to promote alternative energy sources. When whales became scarce, it promoted the market for kerosine to replace whale oil, in the lamps of the nation.

ruveyn

Ahaseurus2000
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28 Jul 2009, 7:11 pm

ruveyn wrote:

monty wrote:

Ahaseurus2000 wrote:

Any single country can run out of oil and it is a moderate to minor issue; when global peak oil is hit, then the price will tend to rise everywhere.

Which is the surest way to promote alternative energy sources. When whales became scarce, it promoted the market for kerosine to replace whale oil, in the lamps of the nation.

ruveyn

For clarity, the first quote was originally stated by monty. The way the quoting has been constructed, it looks like it is being credited to me.

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ruveyn
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30 Jul 2009, 7:40 am

Why is there such an antipathy toward international commerce?

And what is wrong with cheap labor? Labor is a commodity, bought and sold in the market place. The people who moan and groan about how we are "exploiting" cheap labor will by their meat or gasoline at the lowest available price quality being the same.

Jesus Saves. Moses Invests.

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monty
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30 Jul 2009, 7:47 am

ruveyn wrote:

Jesus Saves. Moses Invests.

With Bernie Madoff?

ruveyn
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30 Jul 2009, 8:18 am

monty wrote:

ruveyn wrote:

Jesus Saves. Moses Invests.

With Bernie Madoff?

That is something Jesus would do. But Jesus did believe in miracles, did he not.

What Bernie Madoff did was akin to the Miracle of the Loaves and Fish.

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Sand
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30 Jul 2009, 8:40 am

ruveyn wrote:

monty wrote:

ruveyn wrote:

Jesus Saves. Moses Invests.

With Bernie Madoff?

That is something Jesus would do. But Jesus did believe in miracles, did he not.

What Bernie Madoff did was akin to the Miracle of the Loaves and Fish.

ruveyn

And Moses drowned in the Red Sea?

ruveyn
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30 Jul 2009, 11:21 am

Sand wrote:

And Moses drowned in the Red Sea?

No. He walked on the rocks.

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Sand
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30 Jul 2009, 11:44 am

ruveyn wrote:

Sand wrote:

And Moses drowned in the Red Sea?

No. He walked on the rocks.

ruveyn

And passed his secret on to Jesus?

Averick
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30 Jul 2009, 2:43 pm

ruveyn wrote:

monty wrote:

Ahaseurus2000 wrote:

Any single country can run out of oil and it is a moderate to minor issue; when global peak oil is hit, then the price will tend to rise everywhere.

Which is the surest way to promote alternative energy sources. When whales became scarce, it promoted the market for kerosine to replace whale oil, in the lamps of the nation.

ruveyn

Poor whales.

zer0netgain
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31 Jul 2009, 9:01 am

ruveyn wrote:

There is nothing wrong with international commerce, but it is a simple fact that, for a variety of reasons, the costs of living in one nation is not equal to that of other nations. Tariffs were used to hinder trade so that domestic production of goods could not be undercut by foreign made goods purely because of price of production.

With trade tariffs, if you wanted to buy something that was made cheaper in India, the tariffs brought the price of that good in the US up to what a domestic made good cost. You based your purchase decision on the QUALITY of the good. This maintained the healthy competition of the marketplace because the better made product would outsell the other. When this was eliminated, cheap-made goods easily sold more because it was cheaper to replace a cheap good than it was to repair it.

As cheap goods displaced domestic-made goods, people lost jobs, incomes dropped, dependence on cheap goods increased.

Now, the USA has almost no manufacturing base, and the economy reflects that problem.

phil777
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31 Jul 2009, 12:22 pm

^ good post.

ed
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31 Jul 2009, 1:39 pm

phil777 wrote:

^ good post.

I agree

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ed
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31 Jul 2009, 1:46 pm

I believe free trade only works when it is between equal economies. Free trade between unequal economies (like the US and Mexico) only benefits those companies that are willing to take advantage of it, even if at great cost to the populations of those countries.

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