View Single Post
Old 11-24-2011, 10:40 PM   #64
5th Gear Member
noid's Avatar
Join Date: Dec 2007
Location: Port Credit (Mississauga) Ontario
Posts: 986
Originally Posted by South View Post
Typical character assassinations. Just call him a communist and be done with it lol!

Business's when they earn more profit does not mean that workers all earn more. Pretty fatal flaw huh! Businesses, set again by precedent, do constantly fire people to make a bigger bottom line and just hire people in other countries. Outsourcing ftw? Now if the tradiational sense of social, where workers own the factors of production, then when businesses make more then the workers benefit.

Typical idiot. trololol.
I did not call him a communist, you should also know there is a difference between communism, socialism, classic liberalism, and modern liberalism.

I agree with you that we are losing low wage jobs to places like China, however we are accelerating high paying jobs (read: middle class) jobs into Canada. This is because when a company grows its foreign direct investment also grows, those subsidiary jobs are then sent to the base country (Canada).

I bet you would support bailouts also wouldn't you? Look into the Austrian school of economics. If the government supports inefficient firms, the government is just supporting a backlog of inefficiencies that will fail like a daisy chain and create a recession.

Do you really think large companies would just take it from governments, even if they were so ignorant to try? Best case scenario is they move their operations (and jobs) and recess into a save haven, while maintaining 'satellite' operations in that country. Worse case scenario is they restrict foreign investment, have allot of major companies (with assets in the trillions) move out to places like Bermuda, and have a recession as a punishment.
noid is offline   Reply With Quote