Skip to main content

View Diary: On Trade, A Stark Difference Between Edwards And Obama (198 comments)

Comment Preferences

  •  Actual reply :) (1+ / 0-)
    Recommended by:

    A perfectly free, laissez faire (probably spelled wrong) economy is a bad, bad thing.

    But a free market with just the right amount of legislative controls is a good, good thing.

    Maximizing competition and lowering barriers to entry should be, IMO, the most important job of legislation and other controls.

    That said, the controls have to be the right controls.

    Anything that inhibits choice -- for the consumers OR companies -- is inherently a bad thing and leads to inefficiency, a reduction in competition, and an increase in deadweight loss.

    It's true that education won't overcome a monolithic inequity in cost of living, strength of currency, etc.

    However, it DOES do the following:

    - increase quality of life - increase competitive advantage - increase job choices and mobility - increase aggregate productivity - increase the aggregate probability of innovation

    Which, in turn, allows for the things that DO overcome that inequity.

    Most important, though, it allows those with greater education to be the company owners, managers, equity holders, etc.

    In the end, it's not a competition between our "transferable" workforce and another country's workforce; it's a competition between those at the bottom and those at the top.

    Eventually, all jobs will be globalized. Sure, right now, if I get an MBA, I won't likely lose my job in the US to somebody overseas. But soon, it'll be a real possibility.

    After all, why would a company keep me employed if they could get an equivalently capable MBA-holder in India, China, Indonesia, etc.?

    They wouldn't. And they'd be right to do so. Because a company's goal is to maximize profits, and that must be respected, because that's the foundation that makes capitalism the best game in town.

    So how do I prevent the loss of my MBA-enabled job? I get a PHD. Or I get a Masters in a field where the HR supply doesn't meet the HR demand. Or I simply identify the fastest growing fields and educate myself so that I can enter that field.

    Also, I leverage my competitive advantages:

    - Cultural (nobody Markets better to Americans than Americans)

    - Innovative (keeping barriers to entry as low as possible means that people with good ideas should be able to reap the appropriate rewards)

    - Geographic (I could increase the power of my PPP by moving to cheaper area of my own country, or to a cheaper country...better still, I can engage in the physical network central to my field: Tech? Move to Silicon Valley. Screenwriting? Move to LA. Fashion? NYC etc)

    - Capital (rich countries can help themselves stay rich via shrewd capital investment)

    At the end of the day, globalization is inevitable, and the communities of the world will converge. That's a fact.

    Labor protectionism has many great qualities and rationales, but it will not be able to change the fact that no matter WHO I am or WHAT I know, there are millions of people out there who, with the right education / experience, can do my job better than me.

    Therefore, it's about education, but crucially, it's about the RIGHT education.


    by OutOfManyOne on Tue Jan 22, 2008 at 06:27:29 PM PST

    [ Parent ]

    •  Um, sorry for the novel! :D n/t (0+ / 0-)


      by OutOfManyOne on Tue Jan 22, 2008 at 06:28:21 PM PST

      [ Parent ]

    •  Too funny. You think in order to have a good (0+ / 0-)

      life, people must be educated to a Phd? Get the "right education", whatever that means. Puhlease.  Higher Education is simply one aspect to a sustainable life, and it is not for all.  Does that mean they will be the underclass, to toil and sweat for pennies on their labor while those more blessed, or luckier to be educated the "right way" exploit them???  

      That's what ferments revolutions and gets heads rolling down the street.  You do not need a Phd, or the "right education" to know when you are being fucked in the ass by those who need your particular labor, but do not want to do it themselves, only exploit it for all it is worth to them!!!

      You need to learn other economic theories and systems.  Try Parecon economic theory.  Maybe it will open your eyes ot the ravages of Capitalism, at least.  

      You don't negotiate with fascists, you defeat them in the name of democracy. --Ambr. Joe Wilson

      by FightTheFuture on Wed Jan 23, 2008 at 05:58:49 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site