tag:blogger.com,1999:blog-10667700.post4357304089912279315..comments2024-01-08T00:18:57.750+00:00Comments on Gay Banker: Capitalism. Good or bad? Discuss ...GBhttp://www.blogger.com/profile/07046768019709916759noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10667700.post-89964966060351189142007-01-19T19:02:00.000+00:002007-01-19T19:02:00.000+00:00LOL anonymous – I do have a couple of stories to t...LOL anonymous – I do have a couple of stories to tell when I can get round to it :-).<br /><br />By pure co-incidence, the main leader of this week's edition of the Economist magazine is directly relevant to this discussion, as is one of their Briefing articles:<br /><br /><a href="http://www.economist.com/opinion/displaystory.cfm?story_id=8554819 ">Main leader: Rich Man, poor man.</a><br /><br /><a href="http://www.economist.com/finance/displaystory.cfm?story_id=8548661">Briefing. Trade's victims: In the shadow of prosperity.</a><br /><br />Of course, those articles are written from the point of view that the reader obviously agrees with the principal of free trade and globalisation, and it's just a question of getting the details right!<br /><br />The facts speak for themselves. To quote that main leader article:<br /><br /><em>Having joined the global labour force, hundreds of millions of people in developing countries have won the chance to escape squalor and poverty. Hundreds of millions more stand to join them.</em><br /><br />However, by failing to buy products produced in poorer countries, one is directly harming the prospects of people there to escape poverty. It's a slow process of course, but as the article says, in only a few years the results of globalisation have been impressive.<br /><br />Another important point is that by trying to protect workers in rich countries, one is simultaneously damaging the same people in their roles as consumers, (future) pensioners, or investors. Far better to let the job markets of first world countries adapt so that people end up with real jobs which have a future, instead of protected jobs with no future and which are a drag on the global economy!<br /><br />GB xxxGBhttps://www.blogger.com/profile/07046768019709916759noreply@blogger.comtag:blogger.com,1999:blog-10667700.post-74954982091761257962007-01-19T17:46:00.000+00:002007-01-19T17:46:00.000+00:00this is really boring.
can you please go back to...this is really boring. <br /><br />can you please go back to blogging about your sex life?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10667700.post-70304958275841258802007-01-19T09:19:00.000+00:002007-01-19T09:19:00.000+00:00While not condemning Capitalism (how could I since...While not condemning Capitalism (how could I since I adore the material trappings).. I firmly believe in fair trade and not subsidies. European and US markets should go someway to freeing up there markets for Crops so that Africa can compete on a level playing field. I think (and so does the Economist - December issue on Food)that putting up trade barriers encourages poverty.. and then to give out measly sums of money as Aid just does not make sense. This is a very complicated issue as one then has to also consider the fluidity of the labour market. The protectionist ideals of France and Germany may have lead to them being the sick men of Europe.. Bring on Segolene Royal... :-)Tales of the Cityhttps://www.blogger.com/profile/13182054767759882522noreply@blogger.comtag:blogger.com,1999:blog-10667700.post-84967603677391927722007-01-19T00:34:00.000+00:002007-01-19T00:34:00.000+00:00A very nice idea to start a topic like that!
I th...A very nice idea to start a topic like that!<br /><br />I think that the damage done in Africa and Asia was so great that the side-effects are still visible in everyday life. Countries can't change in 40 years. At least not human perception about things.<br /><br />China is an economic giant that is rapidly growing but most chinese people live under terrible circumstances. It's not the countrie's wealth that should matter but what wealth does the average citizen has in his or her hands.<br /><br />To tell you the truth, the ongoing situation in China is kinda scary since they can get people to work whole days for just pennies whereas in Europe they have to pay big bucks.<br /><br />That kind of slavery can lead to an economic destruction of the middle and lower classes in Europe since they will be mostly affected. <br /><br />The companies that use China and alike countries, are multinational companies who has lots of money to make that kind of plans and they benefit the most and plus, they hit the market with extremely low prices or unexplained high prices, either killing competition or overpricing their products and having a huge profit.<br /><br />That is why I decided it's time to stop their source of income to restrain their power on us. Their source of income is their products and we buy them. If we stop buying them then we make a change.<br /><br />I am not saying capitalism is bad, it just needs to be controlled by some work laws to protect those who don't have a lot of money to economically protect themselves and are slaves to whatever changes happen to work conditions or pricing.<br /><br />A combination of capitalism freedom and reasonable laws to make it work fairly and humanly would make this world a better place.Nikoshttps://www.blogger.com/profile/04115439376353990888noreply@blogger.com