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Originally Posted by Parker
We are fortunate to live in an industrialized nation which possesses the ability to exploit resources from around the world. Do we work any harder than those decent people working to survive in non-industrialized countries? Is it fair that they are paid third world wages and are stripped of their resources while most of the economic benefit from those resources are exported back to us? Just so that we can go to Wal-Mart or Zellers and buy three of everything for $5.97. Perhaps if we paid more for our resources (both natural and human) and left a greater portion of the economic wealth in these "host" nations there would be a little less desperation, a little more hope and a lot less hate and violence.
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Parker,
It is the robust economies and wealth of the G8 countries that produce the demand for goods made in countries of so called third world status. The jobs created by this demand provide an economy in these nations that they would otherwise not have. The kind of pay an average worker receives is obviously low by our standards. However by their standards having a job at all that pays wages is saying something. Countries such as China, India, and Indonesia may very well emerge from third world status because we are buying three of everything at $5.97 as you say. Where would these countries be right now if it were not for the prosperity of the G8? Are you suggesting that they would be better off without the hundreds of thousands of manufacturing and human resource jobs we have created in these places? As far as paying more for our resources? Why would we do that? Resources whether renewable or non-renewable have a world market value that is strictly driven my supply and demand. It is my contention that most of these emerging nations would be far more destitute without the existence of wealthy countries. As far as hate and violence go that sounds like personal issues to me. As far as hope is concerned, if it were not for countries like the USA, Canada and GB with their seemingly endless hunger for consumerism these third world nations would have no economy at all. It is the spirit of capitalism and entrepreneurial pursuit that fuels the machine that creates the demand for goods that ultimately create jobs and wealth where there would otherwise be none. That is hope in my book. By attacking us and trying to hurt us economically is like biting the hand that feeds the world.
Mark