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by quacked 129 days ago
Well, of course, I agree with you. That's why I said I don't think it would happen.

I personally wouldn't mind a world where consumer goods were much, much more expensive and difficult to acquire, even though it would mean that my life would feel harder and less wealthy than it does now.

What I don't understand is whether or not there's any path to take besides watching the country gently sail along the sunset path into oblivion. Is that it? We gave away the keys to the country's wealth generation mechanism, and now we're at the mercy of the global economy to do whatever it wants? I don't want to compete with foreign firms who can hire foreign labor to compete with me and sell on my territory, but do I simply have no choice?

1 comments

That's very nice but to people middle class and lower, it's not about paying a higher price, it's being able to buy what is needed to live at all. I still don't see what is wrong with capitalism. It did show that many self proclaimed advocates of capitalism were liars and changed to hardcore communist economics and became sore losers when they felt "someone else" is "winning".
What are you talking about? I haven't said anything against capitalism. If anything, the problem with the current scenario is that there's not _enough_ capitalism.

How do you propose to compete with foreign workers when the government prevents you from matching their employment conditions within your own company?

You said you'd be happier with much more expensive goods which is what happens with protectionism and were sad to compete with foreign goods.
I'd be fine with either:

- The massive regulatory burdens on American businesses are dissolved in order to permit genuine competition with the globe

- Economic protectionism is applied so that the heavily regulated American business can compete on price with less-regulated foreign businesses

In both cases, the prices of goods would increase--in the first case, less than the second. But both would be better than the current status quo, in my opinion.

I don't want to live in a country where I have to pay American prices for goods and services, but the owner class only has to pay foreign prices for labor and supply. I have no desire to be outcompeted by foreigners while my hands are tied by local laws.