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[quote]QUOTE: Originally posted by neilmunck Would those guys in Compton be willing to work for $5 and a loaf of bread a week or whatever those guys in china are being paid? It seems to me that the free market capitalism that the west and the WTO is pushing on everyone is kicking us in the baws and it serves us right too! if we don't like the rules then we should've made the game fair. Lets be clear - it was us and through us, our governments that made this up so we could take advantage of other, smaller countries. neil [/quote]Yes, that's part of the picture, and I'm sure I don't have it all. If you buy items made with cheap labor you are in effect taking advantage of them. So we started purchasing items at low prices and felt smug with our voluntary enslaving of them to make items cheaper for us so we could have more. This goes on a few years and slowly companies move there to take advantage of low wages. Slowly the profit in the other country builds up and we loose our industrial base. Pretty soon we are at econmic war and the other country has raised their prices and start buying what's left of our industries. Then our standard of living goes down. Can't happen? It already did in the 1980's-90s with Japan. I remember when Japeneese products were considered junk like Chineese is/was now. Now we are getting a rerun with China. So them guys in Compton may be working for a loaf of bread and $500 a week soon, but the $500 will be worth $5 in 1960's dollars. FRED
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