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AdHocSolver

(2,561 posts)
27. At first, I was merely amused by your fairy tale economics theories.
Wed Jan 28, 2015, 03:16 PM
Jan 2015

However, I have to respond with a dose of reality to the last paragraph in your post.

You said:

**********
"Well, sure, that's one of my motives. The American left has magical thinking about manufacturing employment that is counterproductive, so I argue against it. Manufacturing is no different from agriculture, extraction, or services: all of them add value, and we need to pay the people who do all of them more than we do now."
**********

The principal source of gaining wealth is through trade. The principal method for spreading the wealth for a large number of people in a given population is by manufacturing goods and trading those goods with other groups.

Japan is an example of a country with limited resources. It developed into a wealthy country by manufacturing and trading goods with other countries. The wealth is widely distributed among the population.

Saudi Arabia is a wealthy country whose economy is based predominantly on the extraction of oil. The wealth is concentrated largely in the hands of a "royal" family and their followers. The rest of the population, not so much.

China is another example of a country that is expanding its wealth through manufacturing. It has a large population, and the wealth is spreading throughout the population, as can be seen through the fact of its growing middle class.

In fact, the corporations are looking at China, with its growing middle class, as an area of expanding markets.

One of the aims of the TPP is to prevent any competitors from entering the U.S. markets and taking market share away from the corporations that currently control it.

The TPP is NOT a "free trade" agreement. On the contrary, it is a treaty to prevent competition

K & R AzDar Jan 2015 #1
aren't they too late? hollysmom Jan 2015 #2
Well, we don't have a free trade pact with China Recursion Jan 2015 #3
I don't think so. hollysmom Jan 2015 #4
We manufacture more today than at any point in US history Recursion Jan 2015 #5
Are you in favor of the TPP? How about the Fast Track? nm rhett o rick Jan 2015 #6
I'm for fast track as a permanent feature; I'm marginally against the TPP Recursion Jan 2015 #7
Why do you support Fast Track? Do you favor a unitary executive? nm rhett o rick Jan 2015 #10
I think treaties in general should receive an up or down vote as negotiated by the executive Recursion Jan 2015 #11
You keep using that same canard in every thread about trade Populist_Prole Jan 2015 #8
What of them? Recursion Jan 2015 #9
You're tap dancing! Populist_Prole Jan 2015 #19
Take a step back and read what I'm actually saying Recursion Jan 2015 #22
Your last paragraph says it all Populist_Prole Jan 2015 #25
At first, I was merely amused by your fairy tale economics theories. AdHocSolver Jan 2015 #27
According to Bernie Sanders: baran Jan 2015 #12
Why is that difficult to believe? Think of how many receptionist and travel agent jobs Recursion Jan 2015 #16
More sophistry Populist_Prole Jan 2015 #21
And wheat threshers. Actual argument isn't sophistry. Recursion Jan 2015 #23
Bullshit Populist_Prole Jan 2015 #24
let me amend this - we do not make many neccessities anymore hollysmom Jan 2015 #13
Most of our generic drugs are made in China, a country we don't have a free trade agreement with Recursion Jan 2015 #14
my name brand is made in China. hollysmom Jan 2015 #15
Most of the goods that we buy are manufactured in low wage countries such as china. AdHocSolver Jan 2015 #18
Yup. China. A country with whom we have no free trade agreement. Recursion Jan 2015 #20
The TPP will mean more U.S. jobs being outsourced to low wage countries. AdHocSolver Jan 2015 #17
The trade talk is deliberately meant to cloud that issue of Investor State takeover of sovereign djean111 Jan 2015 #26
K&R StopTheTPP Jan 2015 #28
Latest Discussions»General Discussion»Calling TPP a 'Death Pact...»Reply #27