L.A. and Long Beach ports are loading up on jobs - latimes.com
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Too early to call it a recovery, but it is good to see an increase in goods flowing through the ports. It would be great if we started to export more goods than we import reversing the trade imbalance. [The balance of trade is the difference between a nation's exports of goods and services and its imports of goods and services, if all financial transfers, investments and other components are ignored. A nation is said to have a trade deficit if it is importing more than it exports. ~Wikipeda]
It is popular to dog on free trade, but the truth is free trade is good for the world’s economy, as long as everyone has something to bring to the table. Let us face it, we are not competitive when it comes to cheap low skilled labor, there are far too many poor people around the world willing to work for pennies an hour. Thus, it is only natural that the production of cheap goods has shifted overseas. Our only hope is to compete on superior service, quality, and innovation.
So go create something fresh, trendy, and high-end to sell to the growing middle classes of China and India. The cheap dollar makes our goods and services very attractive to overseas consumers. The cheap dollar and ubiquitous nature of internet, we all have the ability to enter these growing markets and become capitalist. It is the only way we will be able to sustain our current lifestyle in the global economy. (If you believe, it is sustainable) How long can we keep exchanging IOU's (dollars, greenbacks, bonds) for cheap foreign goods?
YOU ARE EITHER A CAPITALIST OR A VICTIM OF CAPITALISM and most of us are the latter. Remember 75% of our economy is dependent US consuming goods and services, which means that the real capitalist have devised a very clever system to part us with our money. Knight, Ralph, Tommy, Jobs, and Dell got us in the grip; why you think they come out with a new line every year? Hint: it isn’t because the new one is that much better.
What do you think it means when they say we are a service-based economy? “To protect and serve.” The police state
Monday, February 22, 2010
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