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Old 12-04-2001, 06:55 PM   #35
jaguar
whig
 
Join Date: Apr 2001
Posts: 5,075
Where did i say US imports? i only stated the absolute value of Chinese exports in US dollars...

Its mare than that though - $2 an hour in Vietnam is allot of money for your average peasent, its in first would it wouldn't buy you lunch. Its not a matter of out competing, its a completely different scale.

China keeping its people poor? Hmm...don't think so. THere is an emerging middle class in China thats growing by the day, it does take a long, long itme to raise over 1 billion people from poverty you know. That midlde class also applies to most of these countires - once again vietnam particualry comes to mind as iv'e seenit myself. Why? because of forgin investment generating jobs that eventully are handeled by Vietnamese not forign managers, its simply cheaper for the companies once they've trained them up - thats how it benifits the communities in the long run becasue then that new middle class have more disposeable income to support a new servies industry etcetcetc until you end up with a first-worldish economy. Ah i love macroeconomics.

At the same time the exploitation does still smell pretty iffy - i'm not going to start defending capatilism
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