Why not increase Global Wealth?

Discussion in 'General Global Topics' started by shekib82, Sep 3, 2011.

  1. shekib82
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    shekib82 Rookie

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    All these debates about jobs going overseas and the problems they produce, one thing has skipped most people: Why not increase Global Wealth? What if the world's per-capita GDP was the same as the American per capital GDP, how big would the market be for iPADs laptops, cars etc... ? How many people would be working in the United States. So far in the industrialized world farmers are paid subsidies to reduce their agricultural output all the while people are starving in Somalia. What if those Somalis were working making shoes or cloths or whatever and the farmers in America were increasing their output to feed them.

    Adam Smith correctly noted that the total wealth of a country is the total work output of a country. And today we have a problem with the global output. People are underemployed all around the world and therefore there is a problem of global poverty and unemployment in the united states.

    The real solution is through global policies to increase global output. moving from a 74 trillion global economy to a 345 trillion global economy. It is possible.
     
  2. syrenn
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    syrenn BANNED

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    cool.... the US is seen as the richest country ... i am sure you would be happy lower your standard of living to say... maybe the average lower class mexican in mexico.

    global wealth redistribution. I am sure the democrats will be all for it.
     
  3. yidnar
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    yidnar Gold Member

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    people in africa are hunter gatherers not workers!!
     
  4. shekib82
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    shekib82 Rookie

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    You have missed the essence of my post, I am not talking about wealth redistribution, but increasing the global wealth, which is where I got the 345 trillion dollar figure. Wealth can be increased, it is not a fixed quantity that gets redistributed. There is no global pie. If jobs are being lost new ones can be created. In the richer world the US could still be the richest country by selling more to a bigger market that will be the 345 trillion dollar global economy.
     
  5. shekib82
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    shekib82 Rookie

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    stupid and racist post.
     
  6. shekib82
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    shekib82 Rookie

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    I will better illustrate what I am talking by expanding the example about the American Agriculture subsidy/Somali starving. Basically, the reason why farmers are being paid not to produce more food, is because if they do then they would depress the prices of food, the market for food is only so big. So we can think of the extra food not being produced as worthless food, or free food. Now, consider the african not working and starving, if they work they will be able to afford food and thus increase the market for food. The food that was not produced before in the united states would be produced as it would not longer be free food but food that is worth money.
    So there you go, wealth gets created and all that would be needed is some initial investment to say open up a shoe factory or whatever somewhere in africa. The farmers already have the potential to grow more food.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Global Economy Risks 'Lost Decade'...
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    IMF chief warns of a 'lost decade' for global economy
    9 November 2011 - Christine Lagarde: "The world runs the risk of a downward spiral of uncertainty"
     
  8. editec
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    editec Mr. Forgot-it-All

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    Great idea.

    Show us the economic system that rewards the third world's workers but doesn't create victims of the industrialized workers with that that largess first.

    The world does not have a scarcity problem as it regards most good and resources it has an over-abundance problem.

    We have more manufacturing capacity than we need.

    And this ABUNDANCE problem is only going to get worse over time.

    Nothing is going to be solved until we start rethining our (the world's, really) social contract.

    Capitalism, as currently practiced, does not share the wealth in a way that will keep the supply/demand equasion in balance.

    Frankly, capitalism, as currently practiced, isn't very efficient
     
  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    IMF: Global outlook is gloomy...
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    15 December 2011 - IMF head Christine Lagarde has said the world economic outlook is "gloomy" and no country is immune from rising risks.
     
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - the sky's fallin', the whole world gonna go broke...
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