Here's a video that illustrates the beauty of trade.
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The Beauty of Specialization
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note that specialization requires a certain population base. it probably takes a population of around 250-300 million people to have one microchip plant, for instance. we don't have all that many and given worldwide trade we're working off a population base of 6 billion.There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "My ignorance is just as good as your knowledge."- Isaac Asimov
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Originally posted by Lonekommie View PostOn the flipside, each nation who participates in this has the threat of increased economic vulnerability."So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3
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Originally posted by Lonekommie View PostOn the flipside, each nation who participates in this has the threat of increased economic vulnerability.
Do see the idea at play here, it first started out with cities alone, then moved to the country level, then within blocs and now its going international. Building links or bridges if you will, social, cultural, economical and even defense, all over the world.Last edited by Double Edge; 26 Jan 11,, 22:20.
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Originally posted by Lonekommie View PostOn the flipside, each nation who participates in this has the threat of increased economic vulnerability.
I should have my own cows so I can make my own butter and cheese. Don't want to rely on the market due to price volatility.
I should have my own silicon fab. I don't want to rely on the market for my computer."Only Nixon can go to China." -- Old Vulcan proverb.
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Technology has been the servant of the rich nations only, why is this inequality.......this has been the reason why the unrest has risen beyond the control of nay nation.WE as human being have equal right to the technology as every one o us has contributed in this knowledge thats developed to the current stage, then why the fruit is only for the rich and cruel nations......why.......
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Originally posted by Rodolfo View PostTechnology has been the servant of the rich nations only, why is this inequality.......this has been the reason why the unrest has risen beyond the control of nay nation.WE as human being have equal right to the technology as every one o us has contributed in this knowledge thats developed to the current stage, then why the fruit is only for the rich and cruel nations......why......."Only Nixon can go to China." -- Old Vulcan proverb.
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Shek Reply
Maybe you might expound a bit on the notion of comparative advantage and how that plays into our connected global economy? That's what I'm sort of drawing from the presentation."This aggression will not stand, man!" Jeff Lebowski
"The only true currency in this bankrupt world is what you share with someone else when you're uncool." Lester Bangs
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WE as human being have equal right to the technology as every one o us has contributed in this knowledge thats developed to the current stage,
So yes, the cashew farmer has the right in the sense that if he can afford a PC, as Gunnut mentioned, he can get one.
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Originally posted by Rodolfo View PostTechnology has been the servant of the rich nations only, why is this inequality.......this has been the reason why the unrest has risen beyond the control of nay nation.WE as human being have equal right to the technology as every one o us has contributed in this knowledge thats developed to the current stage, then why the fruit is only for the rich and cruel nations......why.......I enjoy being wrong too much to change my mind.
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Originally posted by S-2 View PostMaybe you might expound a bit on the notion of comparative advantage and how that plays into our connected global economy? That's what I'm sort of drawing from the presentation.
More to follow later, but here are two articles that I'll refer to in a later post:
http://www.worldaffairsboard.com/pac...oblems-wi.html
http://www.worldaffairsboard.com/att...07-varian-.pdf"So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3
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"More to follow later, but here are two articles that I'll refer to in a later post:"
Fascinating. The implications, of course, are astounding as issues like trade deficits (real or imagined) have profoundly broad policy impact. To use the Iphone as example and determine true costs by nation is immensely complex as the number of components must be evaluated for material/labor costs at each manufacturing station along the production pathway with profits separated-some of which are retained earnings and others re-invested somewhere within each corporate structure.
The level of transparency necessary, therefore, to generate truely accurate trade data is also a factor.
Every reason to believe we've no clue who's trading what to whom and at what actual cost."This aggression will not stand, man!" Jeff Lebowski
"The only true currency in this bankrupt world is what you share with someone else when you're uncool." Lester Bangs
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