Best interview on FOX

[EXTXOILMAN]

Originally Posted by Doove

Explain to us under what economic system the poor, uneducated and unskilled people would disappear?

Or government system, for that matter.

It's called the free market capitalism economic system. Where individuals work their ass off to make a better life for themselves and their families. Not sit around on their fat, lazy, illiterate asses waiting for the next handout.

Then there's the democratic republic government system, which this country was founded upon. This system gaurantees life, liberty, and the PURSUIT of happiness, again based on individual effort. Contrary to popular belief, this system does not gaurantee equal outcome, only equal opportunity.

[Guest040616]

Originally Posted by EXTXOILMAN

It's called the free market capitalism economic system. Where individuals work their ass off to make a better life for themselves and their families. Not sit around on their fat, lazy, illiterate asses waiting for the next handout.

Then there's the democratic republic government system, which this country was founded upon. This system gaurantees life, liberty, and the PURSUIT of happiness, again based on individual effort. Contrary to popular belief, this system does not gaurantee equal outcome, only equal opportunity.

You guys are a modern day comedy side show!

[EXTXOILMAN]

Originally Posted by bigtex

You guys are a modern day comedy side show!

Why don't you post something that adds to the discourse, BT, instead of displaying your sophomoric ignorance...again??

What, exactly, would your answer be to Doove's inquiry??

[CJ7]

Originally Posted by bigtex

You guys are a modern day comedy side show!

sans the comedy

[WTF]

Originally Posted by EXTXOILMAN

. Contrary to popular belief, this system does not gaurantee equal outcome, only equal opportunity.

Equal opportunity?

What fucking country are you talking about.

[acp5762]

Originally Posted by WTF

Equal opportunity?

What fucking country are you talking about.

What country do you live in?

[BigLouie]

Captain. My statement is correct. Just Google it. Enough web pages have researched this and found it to be true. I am answering on cell phone and cannot provide a link but will tonight.

[BigLouie]

Total wealth of 50% of us households = 1.61 trillion. Total wealth of richest 400 families according to Forbes magazine 1.53 trillion. This from Forbes magazine.

[lostincypress]

We have a 30 year stagnation/decline in income for the vast majority of American families. Wealth is being accumulated by a rapidly decreasing number of households. The technology revolution increased productivity and eliminated jobs. The introduction of Asian low wage competition further accelerated the loss of what were once livable wage occupations. The export of jobs to Mexico and eventually Asia ...even Mexico couldn't match the low wages offered by Asia.....put enormous pressure on wages in the US. Executive pay increased from 50 x average employee wage to 300 x average employee wage. 400 families now control more wealth than 50% of the population combined. It's the nature of the game. Anyone ever play Monopoly. How many winners in a Monopoly game. It's been a few years...I think one. To accelerate the transfer of wealth the winners get to write the rules and when necessary rewrite the rules. The outcome is inevitable. For years Mexico was dismissed as a closed and undemocratic society due the concentration of wealth and the lack of jobs......welcome to Mexico North. Chinese wages average slightly below $3 per hour and as they approach $3 we now find mfgs moving production to even lower cost Asian nations. The textile industry in Pakistan, Vietnam, and Bangladesh...$38 per month....no surprise we don't make underwear in the US. This is our competition and unless we see a rapid increase in Asian wages we won't see a reversal in the downward trend in US compensation. China losing jobs because of HIGH WAGES....wow. We benefited in the 50's and 60's from a world that was recovering from WWII. Europe had been bombed into rubble....when I visited East Germany in 1970 there was still damage from WWII. Japan had been bombed into an ash heap.....and China was still a reclusive nation. Vietnam was engaged in a decades long war that did not end until 1975 and India, Pakistan, and Bangladesh were only emerging from Colonial rule. Good luck.

[CJ7]

Originally Posted by lostincypress

We have a 30 year stagnation/decline in income for the vast majority of American families. Wealth is being accumulated by a rapidly decreasing number of households. The technology revolution increased productivity and eliminated jobs. The introduction of Asian low wage competition further accelerated the loss of what were once livable wage occupations. The export of jobs to Mexico and eventually Asia ...even Mexico couldn't match the low wages offered by Asia.....put enormous pressure on wages in the US. Executive pay increased as from 50 x average employee wage to 300 x average employee wage. 400 families now control more wealth than 50% of the population combined. It's the nature of the game. Anyone ever play Monopoly. How many winners in a Monopoly game. It's been a few years...I think one. To accelerate the transfer of wealth the winners get to write the rules and when necessary rewrite the rules. The outcome is inevitable. For years Mexico was dismissed as a closed and undemocratic society due the concentration of wealth and the lack of jobs......welcome to Mexico North. Chinese wages average slightly below $3 per hour and as they approach $3 we now find mfgs moving production to even lower cost Asian nations. The textile industry in Pakistan, Vietnam, and Bangladesh...$38 per month....no surprise we don't make underwear in the US. This is our competition and unless we see a rapid increase in Asian wages we won't see a reversal in the downward trend in US compensation. China losing jobs because of HIGH WAGES....wow. We benefited in the 50's and 60's from a world that was recovering from WWII. Europe had been bombed into rubble....when I visited East Germany in 1970 there was still damage from WWII. Japan had been bombed into an ash heap.....and China was still a reclusive nation. Vietnam was engaged in a decades long war that did not end until 1975 and India, Pakistan, and Bangladesh were only emerging from Colonial rule. Good luck.

outsourcing 101

American workers bite the dust, corporations reap record profits, and pay their execs huge bonus money ... it'll take more than luck to reverse that.

[Texas Contrarian]

Originally Posted by BigLouie

Captain. My statement is correct. Just Google it. Enough web pages have researched this and found it to be true. I am answering on cell phone and cannot provide a link but will tonight.

Originally Posted by BigLouie

Total wealth of 50% of us households = 1.61 trillion. Total wealth of richest 400 families according to Forbes magazine 1.53 trillion. This from Forbes magazine.

Your earlier statement, to which you referred above:

Originally Posted by BigLouie

Under Bush the richest 400 families owned 25% of all wealth. By the time he left off they owned 50% of all wealth.

...is completely wrong.

For a brief explanation, see post #23:

http://www.eccie.net/showpost.php?p=...7&postcount=23

If you still wish to express disagreement, please try reading each post again, and try pausing for just a moment to think about each statement this time. Then the erroneousness of your first post will become clear to you.

[Doove]

Originally Posted by EXTXOILMAN

It's called the free market capitalism economic system.

Wrong answer.

But thanks for trying.

Here's a hint. If nobody was poorer than you, then you'd be one of the poor. That's pretty much how your free market capitalist economic system works.

[I B Hankering]

Originally Posted by lostincypress

We have a 30 year stagnation/decline in income for the vast majority of American families. Wealth is being accumulated by a rapidly decreasing number of households. The technology revolution increased productivity and eliminated jobs. The introduction of Asian low wage competition further accelerated the loss of what were once livable wage occupations. The export of jobs to Mexico and eventually Asia ...even Mexico couldn't match the low wages offered by Asia.....put enormous pressure on wages in the US. Executive pay increased from 50 x average employee wage to 300 x average employee wage. 400 families now control more wealth than 50% of the population combined. It's the nature of the game. Anyone ever play Monopoly. How many winners in a Monopoly game. It's been a few years...I think one. To accelerate the transfer of wealth the winners get to write the rules and when necessary rewrite the rules. The outcome is inevitable. For years Mexico was dismissed as a closed and undemocratic society due the concentration of wealth and the lack of jobs......welcome to Mexico North. Chinese wages average slightly below $3 per hour and as they approach $3 we now find mfgs moving production to even lower cost Asian nations. The textile industry in Pakistan, Vietnam, and Bangladesh...$38 per month....no surprise we don't make underwear in the US. This is our competition and unless we see a rapid increase in Asian wages we won't see a reversal in the downward trend in US compensation. China losing jobs because of HIGH WAGES....wow. We benefited in the 50's and 60's from a world that was recovering from WWII. Europe had been bombed into rubble....when I visited East Germany in 1970 there was still damage from WWII. Japan had been bombed into an ash heap.....and China was still a reclusive nation. Vietnam was engaged in a decades long war that did not end until 1975 and India, Pakistan, and Bangladesh were only emerging from Colonial rule. Good luck.

And this, ladies and gentlemen, is what is happening.

[CJ7]

and the mass exodus of outsourcing jobs took place on a Republican presidents watch ... after three sets of tax cuts that were supposed to create jobs was signed into legislation ..

and that ladies and gents IS what happened ..


in alphabetical order .. (drum roll please)


http://www.cnn.com/CNN/Programs/lou....a/content.html

thank you President Bush.

[lostincypress]

To demonstrate the competitive nature of the global economy and the rapidly changing environment corporations operate in one only has to harken back to the Solyndra bankruptcy. Solyndra had experienced executives from some of the largest technology companies in the world. Solyndra had large investors including a government backed loan and the Waltons...Walmart....a very conservative family. Well, it was a great idea based on past pricing on solar panels....but, along comes the Chinese dumping panels on the market driving the prices down.....guess who the newest casualty of the price decline in panels.............why yes,one of the largest Chinese solar panel mfg declared bk this year. What goes around comes around.

http://money.cnn.com/2013/03/21/news...tcy/index.html