Do you realise the truth about the global economy?

Question

In order for people in the western world to live, we depend on people in the developing world to make our material goods. These goods are the day to day items we depend on like electronic devices and clothing. As immigrants they also do the menial jobs in western countries, like cleaning houses. I believe many people in the west are ignorant to the simple economic truth that unless there are billions of poor people, there cant be thousands of rich people. Governments pretend to help the third world, but the reality is western governments need the third world to stay in the visious circle of poverty. Otherwise if people in the third world were educated or had better jobs they wouldnt want to make our things or come to our countries to do the essential jobs we hate. The truth is the global economic system is designed to keep the vast majority or mankind in the slums permanantly. Our wealthy societie's are still being built on slavery. Do you agree? Are you willing to change?

Kevin...50 highly skilled workers cannot do all the manufacturing tasks that low skilled workers do, nonsense. Maybe one day but not now.

also id prefer people to be self sufficient and go back to working the land instead of having to depend on low wages for menial work. In most cases people are forced into this cycle not out of choice, their traditional livleyhoods were taken away from them.

in response to iqstrike...You can only take talent into acount if talent is allowed to prosper. Without a decent education, how is anyone from the developing world going to show they have any talents.

Answer 1

by offering people a higher wage than they can get working for domestic employers is slavery? The global economy reduces:
Poverty
Child prostitution
Death
the power of local monopolies
ignorance
Countries that have free trade become wealthier not poorer. U.S. countries pay about twice the rate of local employers in developing countries. They also bring technology and management techniques into a country (technology spill-overs). This increases people's wealth and eventually education levels. Furthermore if I grow some corn and export it to a poor country am I their slave? Will I become poorer?
You need data man not your feelings. Free trade makes both parties wealthier. Look at China. I guess I don't know the truth.

Answer 2

You are dead wrong, and if you bothered to spend one day in an economics class you might learn the extremely elementary economic concept of replacing labor with capital. You can always find a way to replace 1000 low-paid physical laborers with 50 highly skilled and highly paid equipment operators. It's just that as long as the low skilled laborers who can only do physical labor do in fact exist, they also can be employed effectively. (Would you prefer they just remain unemployed? Because that is the only other option for them.)

The West would be MUCH better off if the developing world was also rich -- it is not in anyone's interest except for fanatics and dictators and probably the UN to maintain anyone's cycle of poverty.

Answer 3

I don't think it is desgined that way but that is often the way it works out.

Another problem is that jobs leave countries like the USA because people want too much money and when they go to a low wage area everyone wants and takes the jobs.

I do not blame these people as I would do same exact thing but it lights a signal flare for corporations that they should just move to poor places and everyone would be happy to work for almost nothing.

Maybe what we need are responsible corporations who actually are good capitalists. (old style good corps would invest in the area to make people wealthier, so that they would buy more stuff which gives bigger corp profit).

Answer 4

Low-IQ businessmen can only make a profit by cheating the workers and consumers. Until you take talent into your equation, you're not discussing reality. Henry Ford had the highest wages, the lowest prices, and the highest profits. All businessmen must be held to this standard; that will eliminate those who get ahead by luck, brown-nosing, and dishonesty.

Answer 5

there are various clarification why the belief of world warming has caught on. i think of it has plenty to do with human nature. Ever by using fact the start of human civilization, on each and every occasion somebody proficises doom, everybody stops what their doing and pays interest. I additionally think of that faster or later, politicians are going to declare, hey that's a great excuse to herald a clean tax. different opportunists will see a great thank you to tension people to purchase stuff that the in any different case would not, and governments have a propensity to spend the publics money on issues that at the instant are not of any real benefit.

Answer 6

I could'nt agree with you much better.

But you see, it can hardly be said that the fault is in the hands of the so called wealthy economies.

I for one am from nigeria, west africa, so i am not being sentimental. i strongly believe that the choice of wealth or poverty lies in the hands of everyone. So no one should be made to blame another for his predicament.