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Originally Posted by goldorak
You are 100% correct. We are in an unstable situation that will continue as far as our industries can use cheap labor. But what happens when those third world countries achieve a standard of living equivalent to the west ? Where will we offshore our industries ? At that moment the system will collapse. It just can't go on forever.
We have to boost the local economies, instead of offshoring everything to places where the cost of production is almost zero and then sell those finished gizmoes fro gigantic profits in our countries. Societies cannot thrive only on greed.
Its funny, I was just watching after 20 years Carl Sagan's Cosmos and in one of the episodes he mentions how the newly formed Dutch Republic in the late sixteenth century realised that to prosper you had to have a successfull economy so profits were good. But you couldn't base your entire society only on profits. Their leaders it seems were much more far sighted than our idiot politicians. Stupid politicians that haven't learned a thing from history.
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All true but the problem is...we are in it and how do you stop it? Some of these countries that are becoming industrialized as a result are currently protesting at the Copehagan climate meeting. They want their cake and want to eat it too. They do not want restrictions on emissions. So, can we pull the lollipop from the baby? No sir. During the election between Obama and McCain there was chatter of isolationism. The world shook their fists! The problem and answer causes ripples that no one likes.