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QuIzAcK

04/01/10 1:12 PM

#82092 RE: khesanh #82091

Balance of wealth? Oh brother....
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milehighbuck

04/01/10 1:14 PM

#82093 RE: khesanh #82091

A "true balance of wealth" would be unjust. Afterall, a true balance of skills and abilities does not exist. Why should someone with no or very little marketable skills get paid the same as a very talented individual who greatly contributes to society.

I know off topic, but you brought it up.
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el_loco09

04/01/10 1:57 PM

#82102 RE: khesanh #82091

Now that's what I'm talking about tikasun, the world is coming closer togeather in the atmosphere of the united global economy and at the same time it seems that big industry has forsaken U.S. workers in favor of foreign proffits. It will take a long time if ever there will be a true ballance of wealth but in the mean time there needs to be open discussion about it and in this article the thought appears to be in the direction of building much needed jobs in the U.S. while we have the opportunity for the American people by the American officials elected to do just that.



There are two primary problems for Americans with respect to globalization.

1. There are a lot of talented people in the world who are willing to produce goods and services for less wages than Americans want to be paid. And, this is directly related to the fact that they have less consumption options and less regulations to comply with (environment, permits, drinking water, etc.)

2. Energy consumption. China and India are consuming more energy resources than ever before and the growth rate of their consumption is increasing. This makes the cost of energy for everyone else higher than it was before. And, energy is a fundamental cost driver for almost any economic activity.

Conclusion - it's going to be more expensive for developed nations and America in particular to maintain whatever standard of living you are currently maintaining and it's going to get harder and harder to find low/no skill level jobs.

My hope is that we might be able to "tech" our way out of this predicament. If we can make this algae thing work, it will help with problem 2.
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tikasun

04/02/10 12:25 AM

#82138 RE: khesanh #82091

khesanh I agree with initiatives that lead in the direction of building much needed jobs in the U.S. vs outsourcing but to base industry on american made products only seems hardly feasible to me. It would dig holes in profit infrastructure. Glad the President is opposing that proposal.
It will take a long time if ever there will be a true ballance of wealth There will never be found a true balance of wealth because there's a difference between labor/working mentality and sovereign mentality. There are free zones of investment for everyone and whoever engages into those takes his/her own sovereignty in hand with the intend of multiplying what they have. And I am not talking 401k or any of those kind of schemes that automatically come with the job and render gains equating to what .... inflation trends, dollar devaluation? Corporations run the world and provide blue and white collar jobs. Its there to aspire for and ideology is anyone's.