Chavez doesn't understand inflation

[Kidlicious]

Originally posted by chegitz guevara

Originally posted by Kidicious
The main point is that cheaper isn't necessarily better. If I think of a way to produce more goods with that same amount of labor that's better, but if I just find employees to work for less money that's only good for me, but not society.

Yes and no. Consumers are able to spend less on those goods, they are then able to spend more elsewhere. Of course, the unemployed workers here become a drag on the economy and aren't likely to find work that pays as well right away. Even liberal heroes like Krugman talk about how those workers can then be put to more efficient use in the parts of the economy where demand goes up because of new consumer spending, but people aren't as fungible as capital.

Krugman doesn't impress me. I do agree, however, that there is a temporary benefit to capitalist economy, but it doesn't last. Most of the benefit is in paper money.

[chequita guevara]

Originally posted by DinoDoc
Your the one trying to tell me that all those weekly recalls were a media snow job and never happened. You tell me?

I didn't say they never happened. I said it was media hype, like in 2001, when the media was jumping on every shark attack that happened in Florida that summer, even though it turned out to be a record low year for shark attacks. Same thing. The media sharks smell blood in the water and they frenzy, regardless of whether or not there's any there there.

[Kidlicious]

Originally posted by chegitz guevara

Originally posted by Kidicious
The main point is that cheaper isn't necessarily better. If I think of a way to produce more goods with that same amount of labor that's better, but if I just find employees to work for less money that's only good for me, but not society.

Yes and no. Consumers are able to spend less on those goods, they are then able to spend more elsewhere. Of course, the unemployed workers here become a drag on the economy and aren't likely to find work that pays as well right away. Even liberal heroes like Krugman talk about how those workers can then be put to more efficient use in the parts of the economy where demand goes up because of new consumer spending, but people aren't as fungible as capital.

Also, things are not cheaper. Be carefull what economists say. They mostly use political talk. What is actually happening is capitalists are making more profit which ends up as paper money. And also some people are hired who don't add actual value to products, but only to the wealth of the capitalists.

[Heraclitus]

Originally posted by Imran Siddiqui
AS, I think Herclitus was speaking in philosophy terms (the philosophy of free trade meaning free movement of labor and capital allowing the market to do its thing).

[Agathon]

Originally posted by Whoha
I'll just say in support of everyone who is for trade and greatly expanded lawful immigration, that a communist philosophy professor's views on perfect idealized capitalism may not actually be workable in the real world.

Shamefully enough, communists are among the few people on this board who actually seem to understand capitalism. The last time I remember almost nobody on this board understood the simple reason why we pay taxes.

The reason there is no free movement of labour is basically protectionist. If you look at third world countries, the poor gravitate towards cities and create gigantic shanty towns in order to get closer to where the economic action is perceived to be. Removing border controls would simply see the shanty towns turn up near New York or London and wages for unskilled labour plummet.

The fascists are actually correct when they claim that working class people are complicit in this protectionism of their own standards of living. What they fail to note is that our Lords and Masters are also complicit in this because they know what would happen to themselves were the standard of living of the unskilled to plummet wildly. Even when they deign to let in some of the foreign hordes, they make damn sure that they can't depress the wages of the "real" people.

The working class tend to get a better deal when the capitalists are reminded that workers aren't just labour to be bought, but people who can get really pissed off at them.

[Dinner]

Places like the UK have benefited hugely due to the influx of cheap but educated workers from eastern Europe. It's help relieve poverty in eastern Europe and helped fuel economic growth and competitiveness in those EU countries which have opened their doors to easterners.

The US & Canada should do the same with Mexico. The key to making this work would be to vastly expand trade schools as well as affordable higher education for citizens so that low skilled workers could be retrained for higher skilled jobs.

[Kidlicious]

Originally posted by Oerdin
Places like the UK have benefited hugely due to the influx of cheap but educated workers from eastern Europe. It's help relieve poverty in eastern Europe and helped fuel economic growth and competitiveness in those EU countries which have opened their doors to easterners.

The US & Canada should do the same with Mexico. The key to making this work would be to vastly expand trade schools as well as affordable higher education for citizens so that low skilled workers could be retrained for higher skilled jobs.

Wages > economic growth and competitiveness

[DirtyMartini]

Originally posted by chegitz guevara
It's only a problem for toys destined for children who like to chew on their toys.

Dude -- all kids chew on their toys.

[chequita guevara]

Originally posted by DirtyMartini
Dude -- all kids chew on their toys.

Not really. Once kids get to a certain age, they kinda stop putting things in their mouth that don't belong there.

[DinoDoc]

Originally posted by DinoDoc
Your the one trying to tell me that all those weekly recalls were a media snow job and never happened. You tell me?

Poor Chinese regulators. When will the media leave these paragons of integrity alone to do thier job?

http://www.nytimes.com/2008/01/31/world/asia/31pharma.html?ref=health

Not really. Once kids get to a certain age

So until they get over that age, it's OK with you if we poison them?

[Kidlicious]

Originally posted by DinoDoc

Not really. Once kids get to a certain age

So until they get over that age, it's OK with you if we poison them?

Kids with oral fixations grow up to be capitalists - FACT!

[Arrian]

Ah, I see. New plan! Take 'em out before they get dangerous.

-Arrian

[DirtyMartini]

Originally posted by Kidicious


Kids with oral fixations grow up to be capitalists - FACT!

Huh, I thought they grew up to be prostitutes...

Wait...Kid, I'll save you the trouble...Same thing.

Thank you, thank you, I'll be here all night.

[Kidlicious]

Originally posted by DirtyMartini


Huh, I thought they grew up to be prostitutes...

Wait...Kid, I'll save you the trouble...Same thing.

Thank you, thank you, I'll be here all night.

They both suck bodily fluids

[Elok]

Originally posted by Agathon
The working class tend to get a better deal when the capitalists are reminded that workers aren't just labour to be bought, but people who can get really pissed off at them.

Luckily the capitalists have an army of Obedient Authoritarian Gonads to defend them.