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View Diary: Where Adam Smith Was Wrong (121 comments)

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  •  Why is this a bad thing (0+ / 0-)

    Living standards are better with cheaper goods as opposed to more expensive goods. Why should some poor family in rural Iowa get one pair of jeans when they could have gotten two for the same price?

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Wed Jan 11, 2012 at 02:51:32 PM PST

    •  When the Iowa family has no money to buy jeans (2+ / 0-)
      Recommended by:
      Saint Jimmy, Calamity Jean

      at any price, because outsourcing has taken away their jobs, they will get neither two nor one pair of jeans, but zero. The money to buy the goods has to come out of a family's paycheck, and that's shrinking in this country.

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