View Poll Results: Is globalization a good thing?

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  • Yes, it is generally good

    13 25.49%
  • Roughly half good, half bad

    14 27.45%
  • No, it is generally bad

    24 47.06%
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Thread: Is globalization a good thing?

  1. #21
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    Re: Is globalization a good thing?

    Quote Originally Posted by OxymoronP View Post
    It is bad for us because manufacturing creates long term jobs and security. Service jobs are outsourced to india or insourced from Mexico. Service jobs depend on cheap products from other nations, and thus will be severly hurt by any price fluctutions. I am not saying we should be China, but we should make sure our economy is multiversed (No Eggs in one basket). The US policy should be one that protects our workers, and our business's. free global economy does not help us at all, it helps large international corporations and 3rd world countries.
    The thing is that when we allow free trade, our economy becomes more specialized toward what it's best at.

    Quote Originally Posted by OxymoronP View Post
    Surely not, but it is an important factor so is manufacturing.
    And some manufacturing will stay with us as well. Such as electroics and car manufacturing.

  2. #22
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    Re: Is globalization a good thing?

    Quote Originally Posted by DrunkenAsparagus View Post
    And some manufacturing will stay with us as well. Such as electroics and car manufacturing.
    You mean the electronics industry that's largely gone to Japan and Taiwan and the car manufacturing that's gone to Japan, Korea and some parts of Europe? The car manufacturing that's going belly up right now?

    Yeah, those industries are doing really well in the United States.
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  3. #23
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    Re: Is globalization a good thing?

    Quote Originally Posted by DrunkenAsparagus View Post
    Except we haven't been sinking until the recession
    Of course we have, where have you been? The U.S. auto industry has been in the dumper since the 70s, Detroit, once Motor City, is a virtual ghost town. Ford, GM and Chrysler have all bought into the "build crappy cars that fall apart so that people buy new cars more often" model and that's what allowed foreign builders like Toyota and Honda to make such massive inroads into the marketplace. We sold out, they didn't, now that we're finally figuring out our lesson, it's too late and most people won't buy American cars no matter what they do.

    The same is true of most other industries. There's virtually nothing where we lead the world in quality anymore. We sold our proverbial soul for cheap Chinese crap and low-paying overseas jobs.
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  4. #24
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    Re: Is globalization a good thing?

    Quote Originally Posted by Cephus View Post
    You mean the electronics industry that's largely gone to Japan and Taiwan and the car manufacturing that's gone to Japan, Korea and some parts of Europe? The car manufacturing that's going belly up right now?

    Yeah, those industries are doing really well in the United States.
    No mean the electronics industry in the West and the car manufacturing that goes on in the South

  5. #25
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    Re: Is globalization a good thing?

    Quote Originally Posted by Cephus View Post
    Of course we have, where have you been? The U.S. auto industry has been in the dumper since the 70s, Detroit, once Motor City, is a virtual ghost town. Ford, GM and Chrysler have all bought into the "build crappy cars that fall apart so that people buy new cars more often" model and that's what allowed foreign builders like Toyota and Honda to make such massive inroads into the marketplace. We sold out, they didn't, now that we're finally figuring out our lesson, it's too late and most people won't buy American cars no matter what they do.

    Many communities are able to recover. Many communities are able to rebound from losing manufacturing. Funny that you mention two Japanes companies that build their cars in the South

    Quote Originally Posted by Cephus View Post
    The same is true of most other industries. There's virtually nothing where we lead the world in quality anymore. We sold our proverbial soul for cheap Chinese crap and low-paying overseas jobs.
    Well except that we're the World's largest economy.
    Last edited by DrunkenAsparagus; 08-27-09 at 09:10 PM.

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  7. #27
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    Re: Is globalization a good thing?

    The thing is that when we allow free trade, our economy becomes more specialized toward what it's best at.
    that is not nessacarily true.

    And some manufacturing will stay with us as well. Such as electroics and car manufacturing.
    Why should some stay? We need to protect our economic base against unfair practices by outside competitors. While our manufacturibg has to deal with economic and enviromental restrictions, Chinese and other 3rd world places do not follow such rules. Thus we put our companies and jobs at a serious disadvantage, crippiling their ability to compete. We are basically stealing from our own mouths to feed International corporations ,and China like nations.


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    Re: Is globalization a good thing?

    Quote Originally Posted by OxymoronP View Post
    It is bad for us because manufacturing creates long term jobs and security. Service jobs are outsourced to india or insourced from Mexico. Service jobs depend on cheap products from other nations, and thus will be severly hurt by any price fluctutions. I am not saying we should be China, but we should make sure our economy is multiversed (No Eggs in one basket). The US policy should be one that protects our workers, and our business's. free global economy does not help us at all, it helps large international corporations and 3rd world countries.
    Quote from Naked Economics by economist Charles Wheelan:

    In the long run, trade facilitates growth and a growing economy can absorb displaced workers. Exports rise and consumers are made richer by cheap imports; both of those things create demand for new workers elsewhere in the economy. Trade-related job losses in America tend to be small relative to the economy's capacity to produce new jobs. One post-NAFTA study concluded that an average of 37,000 jobs per year were lost from 1990 to 1997 because of free trade with Mexico, while over the same period the economy was creating 200,000 jobs per month.
    (Wheelan 192)

    He got this piece of information from "The Impact of NAFTA on the United States" which was an article in The Journal of Economic Perspectives.

    Yes, it causes outsourcing in some cases, but the job loss is absorbed by the booming economy.
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  9. #29
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    Re: Is globalization a good thing?

    Quote Originally Posted by OxymoronP View Post
    that is not nessacarily true.
    Not always, but it more often than not is

    Quote Originally Posted by OxymoronP View Post
    Why should some stay? We need to protect our economic base against unfair practices by outside competitors. While our manufacturibg has to deal with economic and enviromental restrictions, Chinese and other 3rd world places do not follow such rules. Thus we put our companies and jobs at a serious disadvantage, crippiling their ability to compete. We are basically stealing from our own mouths to feed International corporations ,and China like nations.
    Our economic base is changing, expanding, and merging with other ones. Just because they start from a lower base doesn't mean that it's unfair. You're taking the ultra-leftie approach, "because someone is taking, the other must be losing."
    Last edited by DrunkenAsparagus; 08-27-09 at 09:34 PM.

  10. #30
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    Re: Is globalization a good thing?

    Quote Originally Posted by DrunkenAsparagus View Post
    Our economic base is changing, expanding, and merging with other ones. Just because they start from a lower base doesn't mean that it's unfair. You're taking the ultra-leftie approach, "because someone is taking, the other must be losing."
    What do tou mean they are starting from a lower base?
    Our manufacturing companies cannot compete because of overregulation, and lack of regulation on imports. I have no problem with fair trade, where our economy and jobs arent soldout for the interests of the few. We are not merging with China and India, we are basically doing wealth redistribution from the low and middle class to those nations and the ultra wealthy oligarchs.



    One post-NAFTA study concluded that an average of 37,000 jobs per year were lost from 1990 to 1997 because of free trade with Mexico, while over the same period the economy was creating 200,000 jobs per month.
    What kind of jobs were lost, and what kind were gained? If 37000 skilled jobs were lost and 200000 low skill jobs gained that is a overall loss in long term prosperity

    Again I dont mind fair trade, where both sides benefit. I understand the idea that certain things should be imported, that it doesnt make sense to make here when its better and cheaper somewhere else. Yet what is happening thanks to overregulation inside country and lack of regulation on imports creates unfair market conditions for our companies. Thus what could and should be made here, isnt made here. We are selling ourselves out to the interests of the few.
    Last edited by OxymoronP; 08-27-09 at 09:45 PM.


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