01-07-2017, 04:05 PM
Mike,
Yes, of course I know, that was not an idle comment. I was merely reminding you that it is not a linear transmission from end users down the value chain through all the intermediary processes to, presumably, raw materials somewhere.
The problem is that our present policies and circumstances have conspired to render an increasingly wide segment of our population without a comparative advantage in much of anything (due to lower limits on labor costs and regulatory compliance, among others), impoverishing them even as the total economy (emcompassing almost the whole world) grows. The problem western leaders are finding now is that most of the people whose lives have been most improved by free trade don't get to vote in their elections, whereas many of those most affected do.
And here we are.
Yes, of course I know, that was not an idle comment. I was merely reminding you that it is not a linear transmission from end users down the value chain through all the intermediary processes to, presumably, raw materials somewhere.
The problem is that our present policies and circumstances have conspired to render an increasingly wide segment of our population without a comparative advantage in much of anything (due to lower limits on labor costs and regulatory compliance, among others), impoverishing them even as the total economy (emcompassing almost the whole world) grows. The problem western leaders are finding now is that most of the people whose lives have been most improved by free trade don't get to vote in their elections, whereas many of those most affected do.
And here we are.