Good idea continuing this here.
I misread. If you were talking about cheap labor in general, how exactly is that exploiting? More to the point, who are we to decide if their labor standards are unfit? And if they are unfit, who is to blame? Do you see my point here? Even if we replace the "child labor" with "cheap labor", my previous point would still be valid. Supply and demand works in favor of demand. If there is a surplus of demand, people will find a way to fill(Supply) it. If there is a surplus of supply, demand falls(Unless they are commodities). It is the US that is the main source of these products. We are the demand.
I don't believe the GDP and annual growth is fiction and I don't expect anyone with the ability to critically think to believe that. I've been following Nielsen for a while now and I am constantly reminded of Asia's growth.
http://blog.nielsen.com/nielsenwire/consumer/chinas-next-frontier-its-rising-cities/
They do market research with measurable data to back it up. I have no affiliation with them.
As far as their banks controlling inflation, how is that different from the Federal Reserve's tactics of printing money[digitally]? Our system isn't even audited(yet). Congressman Ron Paul is pushing for an audit as we speak. If Foxconn is a Taiwanese company, isn't that still Asian? A contractor often times outsource work. This is nothing new. They're still working for Apple. And when you say cheap labor, you're saying it like it's a bad thing. Very strange coming from a pro-business article. And this relates with my point on the prison industrial complex here in the US. Even if we conclude it to be a bad thing, we are doing the same. Why hire workers for $10 an hour when we can outsource the work to prisoners for 65 cents an hour?
Okay, I'll give you that. Sure, they have plants in the US and Mexico. Does that justify them kicking our butts in our own country? When nationalistic American say "Support America, buy American." Will, you raise your hand and make a point to support Toyota for having plants in America?
I'll humor you again. If the Japanese auto makers are getting "bailouts" for decades, who is to blame? The car makers for getting the bailouts or our governments for giving them? BTW, I don't consider loans "bailouts" no matter how low the interest rates are. A loan is a loan.
So the difference between a business and a job is measured in time? If so how much?
I don't want to turn this into a east vs West or China vs the world thing. I know Japan, Taiwan, Korea, etc are all part of the eastern culture. I just don't buy into the hate. Recently, China has limit the amount of precious materials, like Lithium, for export and they've been getting bad press for it. I say, how is that different from what we did to Cuba? This is not a debate on Eastern business culture = bad, Wester = good. I am taking no sides. I am here to say, "The pot calling the kettle."
Btw, just to clarify a few things. Morally, I do not support the child labor in China or anywhere but I do understand it. Also, innovation goes well with efficiency. Whether or not we agree with it, China and other parts of the world have made electronic good cheaper for us, the consumers. They are an industrialization country right now. We can't expect them to innovate as well as Japan or the US.
This will be my last comment. Thanks for the fun!
