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View Diary: Krugman: "The Competition Myth" (292 comments)

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  •  We are all Mexicans now (16+ / 0-)

    they might be too expensive these days come to think of it.

    We are all Chinese now.

    If you can't work for what they do you obviously can't compete.

    Please won't you think of the poor corporations?

    •  Not really. (1+ / 0-)
      Recommended by:
      virginislandsguy

      Amerians make several times the wages of Chinese.

      And both countries have similar unemployment levels.

      What about my Daughter's future?

      by koNko on Mon Jan 24, 2011 at 03:48:31 AM PST

      [ Parent ]

      •  Well (4+ / 0-)

        That was my point.

        We can't compete until our wages match theirs.

        many corps have already left Mexico to take advantage of even lower wages elsewhere.

        I assume that is what the corporate oligarchs and their minions in our gov't want.

        •  Compete on what baisis (3+ / 0-)
          Recommended by:
          alizard, jiffypop, neroden

          As is being discussed elsewere on this thread, quite a few developed nations are also export led economies (I cited some statistics) and I think it's worth understanding how they do that.

          As far as I know, the workers benifits for people in Ireland, Finland, Netherlands, Germany, Switzerland etc are as go if not better than the US but these nationas take a different approach.

          Likewise, many American companies quite sucessfully export or the US would have zero.

          So my question is how to translate the formula into better policy and supports to promote revitalization of US industries. In fact Obama is trying but Congressional support is pretty weak.

          Ultimately, you could make the same argement about China - lots of companies have left for other, cheaper countries because they consider China too expensive - at the bottom of the food chain that is always the case.

          What about my Daughter's future?

          by koNko on Mon Jan 24, 2011 at 04:56:44 AM PST

          [ Parent ]

    •  No, Mexico's establishing single-payer (0+ / 0-)

      health care, one province at a time.

      China's building high-speed rail nationwide.

      What the hell are we getting?  The US industrial boom in the 19th century brought real quality-of-life improvements along with its miseries and abuses.  But what are we getting in exchange for the robber-baronism now?  Mexico and China are getting something, what are we getting?

      Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

      by neroden on Mon Jan 24, 2011 at 10:04:14 AM PST

      [ Parent ]

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