My opinions from other forums

[BtD]

I just wanted to create an actual threat for my opinions and views, which I have posted on other forums in the Internet and I wish to share with you. In this way, I won't spam whole Political Opinions&Beliefs Forum with my replies.

- BtD

[BtD]

(I have probably said these things before, but perhaps this message forms a better overview. This was a reply to a question, if the Globalization was a good or a bad thign and who gains the benefits of the phenomenon.)

Well, I would expect the following as the consequence of the globalization:

Globally, the labour markets will be overwhelmed with cheap uneducated workforce. This will weaken the lowest payclass labour's ability to negotiate of their salary in the developed world. The developing world's labour's work compensation will remain pretty much the same. Only the employement rates will see change.

Globally, the loss of labour is a victory for the capital and its owners. This is not necessarily a bad thing, since as the capital will accumulate in the 3rd world, their labour markets and service industry will also develope. If the accumulation of capital will advance enought, the oversupply of labour might end thus raising the salary level

If you think about it, this is the development the Europe faces during the 19th century. First, there were a lack of capital and overwhelming labour force. As the capital accumulated, more jobs were created and the labour markets were satisfied. This development manifestated in the situation, where there were lack of labour and overwhelming amount of capital. These conditions made possible the developed world's relatively equal and high living conditions in the 20th century..

Currently, the big winners of the globalization are the capital owners in both developed and developing countries and the growing middle class of the 3rd world. There is also more employement in the 3rd World, if with hunger wages. The loser is the uneducated workforce of the 1st World. With no doubt, the current ~10% unemployement in Europe and the stagnating or dropping lowest level wages in the U.S are consequences of the China phenomenon.

Also big winners are the rawresource owners and perhaps the processing industry. As the industry expands in China and India, more and more people will be sharing the same amount of raw and energy resources.

The rising resource costs might actually became a factor, which will prevent the China and India from fully industrializing. This would leave the China's and India's job markets in unsatisfied state and make the current oversupply of the workforce and thus - the hunger salaries -permament..

Both the lack of resources and the continuing labour oversupply could also affect the living conditions in the 1st world..

Just my 2 cents..

- BtD

[ForceoftheTruth]

Believe me, I do know how you feel. I was strongly against free trade for a long time. Unfortunately, tariffs usually cause more harm than good. I was reluctant to support free trade, but now I have to support incremental steps towards it, since protectionism ultimately hurts all countries.