mike_intellivision said: Manus keeps saying that buying the 360 helps the US economy. I am still not clear how buying a product made in China by an international corporation accomplishes this. (There is the old return of capital arguement -- but even stock markets and holding are not international). |
In economics its the job multiplier effect. The more money your neighbor makes the better off you are. Microsoft, even though it outsourcing manufacturting, is still an American company based in America, so most of the money comes back here. Sadly, a headquarters full of CEO's office workers has a much larger job multipler effect due to large incomes than Chinese workers who have small incomes. So when you buy a Microsoft or Sony product, after they pay off all their workers, the profits and big income makers are either in America or Japan, and thats who wins the economic game.
Here's a quick link on the subject, they refer to it as Spending Multiplier: http://en.wikipedia.org/wiki/Multiplier_(economics)
I wish you were right mike. It would be nice if the current market put everybody on a equal basis regardless of nationality and location, but it doesn't. If what you said was true then America, Japan, and Europe wouldn't be any better off than Africa. Buying American Ford or Microsoft or buying Japanese Toyota or Sony would help out an average American or Japanese person just as much as it would help out a Nigerian, sadly its not true.
@libellule
Wrong, look at my sig.
America = Best Gaming Console
Europe = Best Game Developers
