[Spam] [Vision2020] World Economics

[James Reynolds]

I feel the same way as you on this Roger.

The main argument used for the ultimate lowering of our standard of living 
was that we could not compete with foriegn wage rates or the lack of 
environmental regulations placed on foriegn industries. Then it went, either 
their wages and enviromental regulations have to increase or our's need to 
decrease in order for us to compete. Industry will naturally choose to 
operate in the place of least cost, leaving us without jobs which will then 
push us to lower our wage expectations and thus our standard of living.

The scenario does make it seem very important for our trade agreements to 
have wage and enviromental specifications in them. I sure hope we don't end 
up screwed.

James



>I am not an economist and would have to do so some research to come up with 
>a good analysis.  Off the cuff, I doubt the statement in the paragraph. On 
>the second point. Isolationism would be an unmitigated disaster. Two 
>hundred years ago, that was somewhat workable, but not today. We have to 
>compete in a global market.
>
>Roger


> > Is it true that the current trend of opening up the USA to the principle 
>of
> > a world market (WTO etc) is what is driving the unsettling of our 
>economy? I
> > was listening to a pontificating friend about how the USA cannot 
>maintain
> > the current standard of living unless the rest of the world is brought 
>up to
> > the same standards and that is not going to happen because of the 
>scarcity
> > of resources.
> >
> > Are we going to have to lower our standard of living to enter into the 
>world
> > economy our government is taking us into? Could we maintain our 
>standards if
> > we did not go along with the world economy model but instead relied on
> > ourselves for everything again? Do we have the resources to go it alone
> > under any model and still maintain the life we are accustomed to?
> >
> > James Reynolds

_________________________________________________________________
Express yourself instantly with MSN Messenger! Download today - it's FREE! 
http://messenger.msn.click-url.com/go/onm00200471ave/direct/01/