Lifestyle > Train of Thought
Is War Good For The Economy?
Corona and Porn:
I KNOW I SPEND CRAZY GUAP ON AMMO AND SHIT WHEN I'M BEEFIN
TraceOneInfinite:
--- Quote from: Ted Is Unofficially Voting for Ron Paul 2008! on July 06, 2007, 03:58:07 PM ---It's questionable. On the short hand it is, especially for big businesses and manufacturers. But in the long run when money is spent and circulated outside of where it's made, then the economy is set to go down.
--- End quote ---
I also heard from Harry Browne's investment show, that it actually doesn't leave the economy. Because, something like they spend in dollars, so they have to sell those dollars into their own money, and somehow that keeps the dollar circulating, or they invest it into American businesses. So it has something to do with the strength of the dollar.
Can't say I really understood what he was saying, and he was mainly trying to dispell the theories that American setting up companies in places like India isn't really bad for the economy. He also said that America is becoming more of a service company and placing our manufacturing base in other countries, and he said there's nothing wrong with that; that it actually means that we've elevated ourselves to yet another higher level of prosperity than manufacturing based countries.
Teddy Roosevelt:
--- Quote from: Shakur Abdul-Latif's Definition Of Hip-Hop..by -Infinite- on July 06, 2007, 09:55:40 PM ---
--- Quote from: Ted Is Unofficially Voting for Ron Paul 2008! on July 06, 2007, 03:58:07 PM ---It's questionable. On the short hand it is, especially for big businesses and manufacturers. But in the long run when money is spent and circulated outside of where it's made, then the economy is set to go down.
--- End quote ---
I also heard from Harry Browne's investment show, that it actually doesn't leave the economy. Because, something like they spend in dollars, so they have to sell those dollars into their own money, and somehow that keeps the dollar circulating, or they invest it into American businesses. So it has something to do with the strength of the dollar.
Can't say I really understood what he was saying, and he was mainly trying to dispell the theories that American setting up companies in places like India isn't really bad for the economy. He also said that America is becoming more of a service company and placing our manufacturing base in other countries, and he said there's nothing wrong with that; that it actually means that we've elevated ourselves to yet another higher level of prosperity than manufacturing based countries.
--- End quote ---
What he's talking about it a load of bull shit. If jobs are given overseas for American companies, how does the average American benefit? Cheaper products, yes, but it also drives down wages domestically when people are willing to do it cheaper overseas. Not to mention unemployment goes up and tax payers are left to pay unemployment benefits, food stamps, welfare, etc. Mean while the companies get richer and richer.
virtuoso:
Infinite type in Orwell's take on war on google also of course read 1984 because that is where those quotes came from. As far as outsourcing of products, what it does it reduce real wealth because a lot of service sector jobs are poorly paid due to the fact that they are unskilled jobs. Plus of course you have to view in terms of a geopolitical sense. America has gone from being one of the strongest most self sufficient nations on planet earth to having a great dependency on other nations for it's products. If you think about outsourcing in terms of a circulation diagram to (which is just an economic model) there is not the continual circulation of money there is mass leakages. Yes big business has a major advantage because they massively save money but the people of America are not feeling this benefit. Even good old Haliburton is packing up and moving to Dubai and yet I am still going to see Peons like Real American tell me they support that!
TraceOneInfinite:
So the people that lost their jobs as a result of outsourcing, couldn't they hypothetically find jobs somewhere else?
You see the jobs being lost, but you have to think about what you don't see. What you don't see, is that now that person can move to a job in another section of the economy, such as a service job that will help increase luxury in people's lives, rather than a manufacturing job that is just simply providing the basic essentials for someone's life. When service jobs and luxury are increasing this is a sign of a higher standard of living.
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