US recession/unemployment vs world poverty

[ar81]

These times are interesting, because we see that if US has crisis, the rest of the world has crisis.

But also, if there is poverty in the world, US workers are less competitive in the job market, and jobs go overseas. As people get fired, internal market shrinks for you have less people with money, which leads to recession.

US workers are less competitive because of a matter of price, they are simply too expensive... because of world poverty in a globalized world with globalized job markets. A chinese worker costs 1/15 of the salary of an american worker. How can americans compete against this? Government bailout subsidizing 14/15 of US wages?

So it means that we must care about each other. We affect the world and we are affected by it. You affect me and I affect you.

We live in a third world planet where about half of humanity lives in poverty. That is worst than living in Venezuela and very similar to live in Nicaragua. Earth is planet Nicaragua. It was just a matter of time before it happened in a global world.

 

[FordPrefect]

*snip*

 

[eveningsky339]

If I recall correctly, one who earns $20,000 a year is in the top 95%. The average earnings for a typical worker (outside the U.S.) is about a dollar a day.

I think the whole "capital" system has some major flaws either way. What ever happened to the good old days of "I'll trade you a goat for a movie ticket"?

 

[ar81]

I am not in that top level...
The problem as I see it is that more people with more money means more customers for the market.
As I see it, the system and culture is designed to exclude people from markets.

Can you imagine what would happen if 90% of people in China were not poor? How much business you could do there? Having poverty is a waste, because they could be customers. This is the company centered view.

The human centered view is that if people could have a minimum level of buying power, there would be no poverty and that would be good, for poverty raises crime, which causes problems to society.

Some people think "US imperialism" is to blame. But now that US is in crisis I bet that poor countries won't set free from poverty, so the problem is in those countries. Local politicians live like kings while the rest is starved.

In world average we have a planet Nicaragua. It means that average politicians in the world are more or less as good administrators as Nicaraguan politicians.

 

[Urwumpe]

You could also make a thread "US GDP vs lunar liberation" and it would be equally logical as this thread...

As I see it, it is again just US bashing for the sake of it. No logical reason needed.

You could of course argue: If the US has an economic crisis, the biggest or second biggest economy in the world has a crisis... but hey, that would be boring, right?

 

[Donamy]

They US government should pay off everyones mortgages, and let them pay them back on their taxes.

 

[RisingFury]

Oh not again!


US isn't the center of the world, you know. It's not the only country with a "large" economy.

It's much, much more complex then that.