De85 said:
True, as much as leftists love to complain about the problems caused by globalization, free trade is what made life as we know it today possible. By specializing and trading companies/countries/whoever keeps costs down, profits up, and everybody's happy. Economics is not a zero sum game where if I win someone else must lose. Competition drives innovation.
It's probably off topic, but does anyone think the games industry would have reached the level of sophistication that it has if companies weren't constantly trying to outdo each other? Without the inherent competition of a capitalist system this year we'd probably be just barely seeing the release of the 64. |
No you are wrong there are always losers, but the overall health of the nation is improved through trade, the role governemnt should play is to act as a sheild for the losers so they don't suffer too greatly, but no there is always losers in any economic scenario, simply because of comparative advantage, certain sectors will suffer through globalization, however government can step in and assist in retraining, unemployment benefits, etc. etc.
Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!! It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!! Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)
