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Benedict

If China Does Stop Exporting Deflation . . .

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Can't we just set up sweat shops somewhere in africa instead? There must be some starvin' marvins out there who'll make cheap, toxic tat for us for nothing more than a bowl of warm water with some toenail clippings in it every morning and no more than one beating a day.

Johnny foreigner needs the west because they've just not got the hang of squandering the earth's resources on pointless shit and until they do their economies will never compete, we don't need to make anything useful, all we need to do is continue gorging our fat, greedy selves on things we don't need. Our competitive advantage is greed.

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Guest KingCharles1st
He could get a cut if he came on board, I'm sure he could be bought.

Yeah- but he would sing about it and stuff..... :(

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...the old adage it's better to give someone a fishing rod and teach them to fish than merely supply them with some fish....rings true here.....no not sweat shops.....but help to set up manufacturing plants , provide expertise and generate jobs in Africa.....Mercedes produce "C" classes in South Africa, Land Rover used to assemble in 'Zim' Guiness Breweries in Nigeria (used to be and guessing still is) ...we need more of this in Africa ...sustainable investment to skill the people and provide jobs.......the one thing nobody has been able to handle there so far is the politics.....but like everything else never give up .....keep talking....and provide the investment...the return and yield will be a healthy Continent and people... :D:D:D

Edited by South Lorne

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Can't we just set up sweat shops somewhere in africa instead? There must be some starvin' marvins out there who'll make cheap, toxic tat for us for nothing more than a bowl of warm water with some toenail clippings in it every morning and no more than one beating a day.

Johnny foreigner needs the west because they've just not got the hang of squandering the earth's resources on pointless shit and until they do their economies will never compete, we don't need to make anything useful, all we need to do is continue gorging our fat, greedy selves on things we don't need. Our competitive advantage is greed.

The question to ask about sweatshops is either, these people have plenty of work opportunities but they chose to work long hours for little money because they are stupid, or, such factories actually offer the best work opportunities around.

The reason their economies cant compete is actually due to human capital. There is little correlation between economic success and resources, compare rich yet resource poor countries eg Switzland with resource rich but poor countries such as Angola. etc.

Economies arent a zero sum game. We are not rich because we made these countries poor we are rich inspite of them being poor. Technology has increased our productivity, we are now rich in human capital and can afford to expand into other areas. We can actually all be rich.

If we all become doctors, lawyers, and scientists - who will empty our bins you might say? The answer is easy to understand. When the rubbish starts to stack up the job of bin emptying will attract more and more pay until it becomes financially attractive to take on the job.

I think some peeps here would do well to read some basic books on economics.

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...the old adage it's better to give someone a fishing rod and teach them to fish than merely supply them with some fish....rings true here.....no not sweat shops.....but help to set up manufacturing plants , provide expertise and generate jobs in Africa.....Mercedes produce "C" classes in South Africa, Land Rover used to assemble in 'Zim' Guiness Breweries in Nigeria (used to be and guessing still is) ...we need more of this in Africa ...sustainable investment to skill the people and provide jobs.......the one thing nobody has been able to handle there so far is the politics.....but like everything else never give up .....keep talking....and provide the investment...the return and yield will be a healthy Continent and people... :D:D:D

You bloody hippie. I'm talking about the potential for lucrative exploitation and all you can do is worry about improving their lives? What the hell is wrong with you!

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We can actually all be rich.

Where's the fun in that? It's not about being rich in absolute terms, it's about being richer than the people you want to look down on.

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The question to ask about sweatshops is either, these people have plenty of work opportunities but they chose to work long hours for little money because they are stupid, or, such factories actually offer the best work opportunities around.

The reason their economies cant compete is actually due to human capital. There is little correlation between economic success and resources, compare rich yet resource poor countries eg Switzland with resource rich but poor countries such as Angola. etc.

Economies arent a zero sum game. We are not rich because we made these countries poor we are rich inspite of them being poor. Technology has increased our productivity, we are now rich in human capital and can afford to expand into other areas. We can actually all be rich.

If we all become doctors, lawyers, and scientists - who will empty our bins you might say? The answer is easy to understand. When the rubbish starts to stack up the job of bin emptying will attract more and more pay until it becomes financially attractive to take on the job.

I think some peeps here would do well to read some basic books on economics.

I think you misunderstand the nature of "investment" in the third world western investment in Africa is heavilly dependant on compliant regimes the poorer these countries are the cheaper the assets.

I agree with your statement "There is little correlation between economic success and resources" that's not an economic theory it is policy you must understand the difference.

Whilst economics books are good some knowledge of history is essential in debates like these

Edited by gravity always wins

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lots of Chinese business men are looking and visiting zim... It wont be Europe or the US setting up these factories

Edited by moosetea

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...the old adage it's better to give someone a fishing rod and teach them to fish than merely supply them with some fish....rings true here.....no not sweat shops.....but help to set up manufacturing plants , provide expertise and generate jobs in Africa.....Mercedes produce "C" classes in South Africa, Land Rover used to assemble in 'Zim' Guiness Breweries in Nigeria (used to be and guessing still is) ...we need more of this in Africa ...sustainable investment to skill the people and provide jobs.......the one thing nobody has been able to handle there so far is the politics.....but like everything else never give up .....keep talking....and provide the investment...the return and yield will be a healthy Continent and people... :D:D:D

and then Africans steal it all under the guise of nationalisation and run it into the ground (just like Chavez is doing). Until Africans clean up their cultures, Africa is going nowhere.

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and then Africans steal it all under the guise of nationalisation and run it into the ground (just like Chavez is doing). Until Africans clean up their cultures, Africa is going nowhere.

Don't foget Putin as well.

It's funny when they steal thier resources it's under the guise of Nationalisation when we steal thier resources it's under the guise of privatisation.

At least "they" are stealing back thier stuff what is our excuse?

What exactly is Chavez running in to the ground? Education? Healthcare?

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Can't we just set up sweat shops somewhere in africa instead? There must be some starvin' marvins out there who'll make cheap, toxic tat for us for nothing more than a bowl of warm water with some toenail clippings in it every morning and no more than one beating a day.

Johnny foreigner needs the west because they've just not got the hang of squandering the earth's resources on pointless shit and until they do their economies will never compete, we don't need to make anything useful, all we need to do is continue gorging our fat, greedy selves on things we don't need. Our competitive advantage is greed.

Too much corruption and instability in most of Africa for it to be an economically viable option. Likewise Latin America.

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Labour costs constitute only a small fraction of the cost of the tat we buy in the west.

Have you seen how little the Chinese workers are paid?

It's the cost of the materials, transport, distribution, taxes, markups etc. etc. that account for the vast majority of what we pay.

Focusing on driving down labour costs to make further savings is a bit like emptying your car's ash tray to improve its fuel efficiency.

Then let's have toys made out of the bones and compressed hair of the poor painted in dyes made from their bodily fluids, transported on the backs of the poor, sold on street corners by the poor illegally to avoid taxes and pocket the markups.

Think outside the box people!

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Too much corruption and instability in most of Africa for it to be an economically viable option. Likewise Latin America.

They'll soon smarten up their act once they get a taste of our enviable western lifestyle, capitalism's very addictive.

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