Quote:
Originally Posted by Bella
Adux,
I have not read the entire thread, but your figure is very positive for India!
At that current pace, "IN A PERFECT WORLD", would end poverty in about 75 years in India with no population growth.
I also agree with your statement that every person moving up on the chain gives people hope that they also can make it!
Here in the U.S., one of the most capitalistic countries in the world, has a population of 300 million. Of those 300 million people, we also have the most billionaires and millionaires! Am I bragging?? NO!!!
What I believe in, is the middle guy!! Your average American.
In this country, the gap between the rich and the poor is increasing. It is a disease that is spreading around the world!
Most of the U.S., "BLUE COLLAR" jobs have moved overseas to countries that pay "pennies on the dollar". With this modern move, the U.S. has now become a, "WHITE COLLAR COUNTRY", in which the poorer, and "UP AND COMING COUNTRIES" manufacture our everyday goods.
As a business owner myself, it is cheaper to pay someone $.30 per hour then $30.00. In this situation, it makes more CEO's richer, but CEO's in other countries that own the manufacturing factories wealthy beyond believe!
I know 99% of you already know this, but China and India is currently experiencing there new wealth. As long as China and India continue with cheap, or slave labor practices, the gap between the rich and poor will decrease, but only to a certain point.
Thanks!
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You bemoan the "middle guy", and yet you speak only of the two ends, the rich and the poor. What about the "middle guy", who has seen his compensation increase over the past decades? What about the absolute increase in the standard of living for even the poor in the US? How has this occured? Through the use of markets.
Also, this "slave" labor is happy to be provided the opportunities to work in factories that many in the West look down upon because of their own coddled sense of morality, especially in the light that we ourselves employed similar conditions in our rise out of and above poverty/subsistance. If Western moral indignation were to shutter all these "slave" labor factories, we'd be sentencing millions to a life of subsistance where a mosquito net would be a luxury to protect them from diseased mosquitoes (whose populations have increased because of our moral indignation over the supposed but not so much real in most cases harmful effects of DDT).
Yes to sweatshops! Yes to child labor!