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So, pardon me, what you're saying is that someone's got to be exploited in the end for the system to work? Don't sign me up.
by Zarkonnen 17y ago
So, pardon me, what you're saying is that someone's got to be exploited in the end for the system to work? Don't sign me up.
- tokenadult 17y agoNo, I am not saying that. That was an assumption built into the question to which I was replying. Economic growth results in everyone being less exploited over time, and free trade results in people making the trade-offs to gain utility most meaningful in their own local circumstances.
- jhancock 17y agoI'm not picking on Taiwan when I say that some aspects of their fortunes are based on passing the buck to the next developing nation. As you point out, this is the well worn path of economic development. I don't ascribe moral value to this or any economic model. This path assumes an inexhaustible supply of developing nations. In the economic models you refer, which nation(s) absorb China's workload? If there is no society left to offload to, the demand side must be reconciled (this now includes China domestic consumption). I don't see the U.S. or China taking this reconciliation well.