Recession - Thank you America.

De85 said:

Avinash_Tyagi said:

And yes people who are poor in today's society are living a better lifestyle then they were 40 years ago, but that's not the issue, how much worse is their lifestyle than those in the highest income brackets is the issue, because peple will vote their own self interest, and if they feel globalization hurts them they will vote in polticians who promote portectionism, even if that is a negative in the long run.

Well, it's pretty clear we're not going to agree on the macroeconomics so I'll drop it to avoid beating a dead horse, but I think lifestyle standards of 40 years ago are very much the issue, and one of the strongest arguments i favor of free markets, people just don't realize that it is. You're correct in that most people who vote will do so comparing themselves to those in the highest income bracket, because that's something tangible that they can see. People don't consider what life was like 40 years ago when they vote, nor how far we've come since then. Similarly, they don't consider the possibilities for 40 year's from now, which can only be achieved through economic growth and techonological innovation.

I'm not against helping people out when they genuinely need help, but I think our government programs today have become bloated with free-loaders who would rather receive a government check than get a job. That's a pretty cynical worldview, I know, but it's how I feel.

Now Avinash, just to sate my curisoity, how do you feel about globalization overall, positive or negative?

Actually i support globalization, but you are missing the point with your question, it doesn't matter if I think Globalization is good or not, nor does it matter if 40 years ago people where worse off, all that matters is does the public as a whole think it is good, and the answer is no, even if globalization represents a net benefit to society as a whole and the country as a whole benefits, if the public feels that they are suffering, if they are the loser of it, they will do what it takes to secure thier livelihood, hence the rumblings of protectionism. This is why you are wrong in your belief that the governemnt should stay out, as the gov is the only entitity large enough to do this role of protecting those who are the losers of globalization and take away any incentive for them to protest.

Who cares if people are free loaders, in many cases it is better economically to just cut people a check to do nothing whatsoever than to try and protect jobs, cut them a check and ship their job overseas, if they want to be retrained then the gov should be there to give them the option, if not then just don't worry about it, because the net benefit will outweigh the money paid out. Not to mention the number of free loaders is truthfully very small, most people want to work if they can.

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