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Reply #136: I've lived abroad enough [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-03-09 08:56 PM
Response to Reply #99
136. I've lived abroad enough
Edited on Tue Nov-03-09 08:57 PM by izquierdista
To know that Eastern Europeans are having trouble catching up to Western Europe because the Chinese have beat them in the race to the bottom. How can Ukrainians earn more than $200 a month when Chinese will work for $100?

Trade between adjoining nations can be a good thing, say the trade of crops which are suited for different latitudes or climates. Trade as a weapon to undercut workers' wages is a very, very bad thing, something which the tariffs of an earlier era helped to prevent so that American workers could organize and demand their fair share of the profits. Nowadays in the "global" economy, workers can't demand anything and are lucky if the capitalist factory owners pay anything more than a starvation wage.
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