Europeans are obsessed with the idea of political parties... like that you need diverse political parties to have a democracy. The founders of America did not like the idea of political parties and saw them as a necessary evil... a sentiment to which I am inclined to agree.
So if you are obsessed with the idea of strong political parties then I'm afraid you are a limited person. Although from your post that's apparent.:)
He seems like a bureaucrat... if there's one thing bureaucrats crave it's the power to "regulate". God help us if every aspect of our lives isn't heavily regulated.
You know, slashdot can be so mindless sometimes... what the fsck do the PHB's have to do with collegic learning? This is learning low-level code before you learn higher level code so the code you produce for the PHB's is better.
Well, the Pentagon considered the implication that worldwide "hackers" could alter the outcome of the election. And seeing as how popular GWB is worldwide, their decision was wise.
Well then I take back what I said. The truth is that unless the popular tide turns against "free" trade, you're gonna have to deal with it. Honestly I don't like it either but in the end we really have ourselves to blame (as a whole). Things are going to have to get *really* bad before they get better.
Back when the "World Series" was named, America (and to some extent Canada) were the only countries that played baseball. When baseball gets popular in... whatever country you're in... I'm sure we'll let you participate.
How pathetic is it that you're so concerned about internal US sports? I mean, it's not like we care about rounders or cricket or hopscotch or whatever sport it is that you play?
Why does it bother you? One way to look at it is that we're shouldering a large part of the world's burden in providing them with stable host resolving. This doesn't have much to do with control, it's just simply a service.
And if our currency is lower, that's great for American jobs; that makes our exports cheaper.
If all that was needed for economic growth was a weak currency, then economic growth would be a no-brainer. The fact of the matter is that plenty of countries have weak currency and anemic growth. A falling currency tends to drive foriegn capital elsewhere, even reverse the flow (as it has in the US). Foriegners will not want to invest in an economy which will continually give lower and lower returns because of a falling exchange rate.
Also remember that a falling currency could also create inflation, which leads to a decreased standard of living. So in the end you're exports are cheaper, but you're still poorer. Think about it.
Trade makes us all richer, and blocking it makes us all poorer.
This is slowly but surely being disproved. As a matter of fact, free trade *can* make a region poorer so it certainly can make a country poorer. As we buy Asian products they use that money to buy assets here in the US, as more and more factors of production move offshore (which ricardo said could not happen for his theory of Comparative advantage to be valid).
All nations must pay for their imports with their exports. As the US is choosing to pay for it's exports at a later date we are exporting ownership of our assets.At the same time our currency will and is collapsing. As more and more jobs are being lost, we are not seeing improved prices (due to the devaluation of the dollar).
At a certain point another country will overtake the US as the importing country of choice. When this happens you shall see a massive and nasty devaluation of the dollar.
As more and more white collar jobs move overseas, you shall see the collapse of both social mobility in the US and the middle class. Increasingly the US will look like a third world country.
In terms of the private sector, it's hard to say. In terms of risk it's actually better to take the 1 dollar now. Depending on how risky the 10 cent a week venture is, it might not be a reliable return.
Actually it might not be as bad as you think. Remember that our debt is in American dollars (for the most part). So the relative devaluation of our currency will hurt only in that it will make current levels of consumption unsustainable. In other words, if we borrow 5 dollars and a dollar is worth 1 euro or 3 Euros we still only have to pay 5 dollars no matter what it's valuation is. In that way we might make off better than the exporting nations.
But the bottom line is that you're right, the US has been living beyond it's means for way too long and in the end we will pay the price (quite literally).
Free trade has moved beyond comparative advantage. Economists have simply realized that all nations must pay for their imports with their exports. It's that simple and that's the basis upon which free trade rests. Unfortunately for the US we import goods and export debt. That sucks but in reality it's no one's fault but our own... in the end.
Outsourcing labor will force prices to go down. Also, eventually rents (among other economic forces) will decline as people will choose the cheapest places to live, as opposed to the most desirable. These two factors will eventually cause the cost of living to go down.
By the way, rents are currently going down, on average. Here you go. Unfortunately, it looks like SoCal won't be so lucky. It might be time to move.
That's when countries like China or India will suddenly find themselves able to squeeze the US for every last nickle by jacking up the prices on items that can no longer be produced here.
... at which time the jobs will start to come back here. At that moment we will have acheived economic parity.
Slashdot Mirror
Europeans are obsessed with the idea of political parties... like that you need diverse political parties to have a democracy. The founders of America did not like the idea of political parties and saw them as a necessary evil... a sentiment to which I am inclined to agree.
:)
So if you are obsessed with the idea of strong political parties then I'm afraid you are a limited person. Although from your post that's apparent.
Slashdot isn't libertarian. It's mostly leftist socialist types and jealous Europeans.
He seems like a bureaucrat... if there's one thing bureaucrats crave it's the power to "regulate". God help us if every aspect of our lives isn't heavily regulated.
You find it strange that a country tends to look out for it's own self interest?
Also, protectionism is as American as apple pie. The US was heavily protectionist from it's beginning until problably the GATT treaty.
You know, slashdot can be so mindless sometimes... what the fsck do the PHB's have to do with collegic learning? This is learning low-level code before you learn higher level code so the code you produce for the PHB's is better.
Well, the Pentagon considered the implication that worldwide "hackers" could alter the outcome of the election. And seeing as how popular GWB is worldwide, their decision was wise.
Bah, well obviously only the democrats had problems with punchcards.
We had them too, moron. Florida...2000... you can remember back that far can't you?
Florida had a handcounted system too, as a matter of fact that's how this whole brouhaha occurred.
It's sad that our attention span is so short that we cannot remember 4 years ago.
This is all assuming, of course, that voters elect the president. They don't.
Next!
Well then I take back what I said. The truth is that unless the popular tide turns against "free" trade, you're gonna have to deal with it. Honestly I don't like it either but in the end we really have ourselves to blame (as a whole). Things are going to have to get *really* bad before they get better.
Back when the "World Series" was named, America (and to some extent Canada) were the only countries that played baseball. When baseball gets popular in... whatever country you're in... I'm sure we'll let you participate.
How pathetic is it that you're so concerned about internal US sports? I mean, it's not like we care about rounders or cricket or hopscotch or whatever sport it is that you play?
Well... how can a country "invent" something anyway? The original poster is an idiot.
But where would the automobile be if it were not for mass production?
Why does it bother you? One way to look at it is that we're shouldering a large part of the world's burden in providing them with stable host resolving. This doesn't have much to do with control, it's just simply a service.
Isn't that what the /etc/hosts file is for?
If all that was needed for economic growth was a weak currency, then economic growth would be a no-brainer. The fact of the matter is that plenty of countries have weak currency and anemic growth. A falling currency tends to drive foriegn capital elsewhere, even reverse the flow (as it has in the US). Foriegners will not want to invest in an economy which will continually give lower and lower returns because of a falling exchange rate.
Also remember that a falling currency could also create inflation, which leads to a decreased standard of living. So in the end you're exports are cheaper, but you're still poorer. Think about it.
That strikes me as unlikely.
I hope you're right.
This is slowly but surely being disproved. As a matter of fact, free trade *can* make a region poorer so it certainly can make a country poorer. As we buy Asian products they use that money to buy assets here in the US, as more and more factors of production move offshore (which ricardo said could not happen for his theory of Comparative advantage to be valid).
All nations must pay for their imports with their exports. As the US is choosing to pay for it's exports at a later date we are exporting ownership of our assets.At the same time our currency will and is collapsing. As more and more jobs are being lost, we are not seeing improved prices (due to the devaluation of the dollar).
At a certain point another country will overtake the US as the importing country of choice. When this happens you shall see a massive and nasty devaluation of the dollar.
As more and more white collar jobs move overseas, you shall see the collapse of both social mobility in the US and the middle class. Increasingly the US will look like a third world country.
In terms of the private sector, it's hard to say. In terms of risk it's actually better to take the 1 dollar now. Depending on how risky the 10 cent a week venture is, it might not be a reliable return.
Actually it might not be as bad as you think. Remember that our debt is in American dollars (for the most part). So the relative devaluation of our currency will hurt only in that it will make current levels of consumption unsustainable. In other words, if we borrow 5 dollars and a dollar is worth 1 euro or 3 Euros we still only have to pay 5 dollars no matter what it's valuation is. In that way we might make off better than the exporting nations.
But the bottom line is that you're right, the US has been living beyond it's means for way too long and in the end we will pay the price (quite literally).
This is a good thing.
Free trade has moved beyond comparative advantage. Economists have simply realized that all nations must pay for their imports with their exports. It's that simple and that's the basis upon which free trade rests. Unfortunately for the US we import goods and export debt. That sucks but in reality it's no one's fault but our own... in the end.
Outsourcing labor will force prices to go down. Also, eventually rents (among other economic forces) will decline as people will choose the cheapest places to live, as opposed to the most desirable. These two factors will eventually cause the cost of living to go down. By the way, rents are currently going down, on average. Here you go. Unfortunately, it looks like SoCal won't be so lucky. It might be time to move.
... at which time the jobs will start to come back here. At that moment we will have acheived economic parity.
Think logically, man.