Are there any economic beneffits from global corporations ?

[EdwardBaiamonte]

The world freely buys billions of dollars of stuff from China because the stuff meets the price and quality standards of the world.

Really?
Why have there been so many recalls of Chinese quality stuff?

dear toyota and many others have had tons or recalls too.

 

[EdwardBaiamonte]

What spin can you provide concerning China's currency manipulation?

I wish they'd do more so our prices would be lower and lower.

 

[georgephillip]

China s slowdown From a very big base The Economist

Your link isn't active.
Got another?

 

[georgephillip]

dear toyota and many others have had tons or recalls too.

20%???
"Recalls20% of Chinese toys, baby clothes fail safety inspections
Inspectors found garbage stuffed in plush toys, harmful chemicals in baby milk powder
Last Updated: Monday, May 28, 2007 | 11:10 AM ET

"CBC News About 20 per cent of toys and baby clothes manufactured in China failed safety tests and could hurt children, the Beijing News reported Monday.

"The newspaper, which attributed the figure to Chinese officials, said an investigation by the General Administration of Quality Supervision said that when it tested children's toys and clothing, one in five of the items failed safety inspections.

"Inspectors found that some manufacturers stuffed plush toys with low-quality fibre — and garbage.
Some toys sold within the country were so poorly assembled that loose parts could easily pull free, the department said.

"It also discovered that some baby clothes and baby milk powder contained chemicals that could pose serious health risks to children.

"The Xinhua news agency reported last week that as of June 1, toys will have to pass a safety test before they can be introduced into the.."
http://www.china-recalls.com/
Why are you making excuses for greedy communists?

 

[georgephillip]

What does that have to do with capitalism?

What does China have to do with capitalism (or is it communism?)

 

[EdwardBaiamonte]

dear toyota and many others have had tons or recalls too.

20%???
"Recalls20% of Chinese toys, baby clothes fail safety inspections
Inspectors found garbage stuffed in plush toys, harmful chemicals in baby milk powder
Last Updated: Monday, May 28, 2007 | 11:10 AM ET

"CBC News About 20 per cent of toys and baby clothes manufactured in China failed safety tests and could hurt children, the Beijing News reported Monday.

"The newspaper, which attributed the figure to Chinese officials, said an investigation by the General Administration of Quality Supervision said that when it tested children's toys and clothing, one in five of the items failed safety inspections.

"Inspectors found that some manufacturers stuffed plush toys with low-quality fibre — and garbage.
Some toys sold within the country were so poorly assembled that loose parts could easily pull free, the department said.

"It also discovered that some baby clothes and baby milk powder contained chemicals that could pose serious health risks to children.

"The Xinhua news agency reported last week that as of June 1, toys will have to pass a safety test before they can be introduced into the.."
http://www.china-recalls.com/
Why are you making excuses for greedy communists?

dear, nobody is forcing anybody to buy junkie stuff.

 

[georgephillip]

I wish they'd do more so our prices would be lower and lower.

"WASHINGTON — A number of countries — China most prominent among them — have long acted to hold down the value of their currencies against the dollar, helping their industries by keeping exports to American consumers cheaper and making goods from the United States more expensive."
http://www.nytimes.com/2015/02/16/b...hinge-on-attacking-currency-manipulation.html

 

[EdwardBaiamonte]

I wish they'd do more so our prices would be lower and lower.

"WASHINGTON — A number of countries — China most prominent among them — have long acted to hold down the value of their currencies against the dollar, helping their industries by keeping exports to American consumers cheaper and making goods from the United States more expensive."
http://www.nytimes.com/2015/02/16/b...hinge-on-attacking-currency-manipulation.html

dear please don't be stupid. we can all cut and paste.

 

[CultureCitizen]

You can still have globalization without global corporations.
One of the early global corporations , the Dutch east india company created quite an amount of mayhem in its time.

too stupid that was 200 years ago and it was an abusive govt monopoly. You definitely have the IQ of a liberal. I'm embarrassed for you.

What does that have to do with capitalism?

What does China have to do with capitalism (or is it communism?)

Baiamonte is delusional.
He calls China "Republic Capitalism" in spit of the facth that the 80% of the stock market in China is due to state controlled companies.
I have tried to explain him that several times, but it seems to be way above his head.

"State capitalism is on the march, overflowing with cash and emboldened by the crisis in the West. State companies make up 80% of the value of the stockmarket in China"

The visible hand The Economist

 

[bripat9643]

The world freely buys billions of dollars of stuff from China because the stuff meets the price and quality standards of the world.

Really?
Why have there been so many recalls of Chinese quality stuff?

dear toyota and many others have had tons or recalls too.

Georgie thinks he can defend his theories by making random attacks on capitalism.

 

[bripat9643]

You can still have globalization without global corporations.
One of the early global corporations , the Dutch east india company created quite an amount of mayhem in its time.

too stupid that was 200 years ago and it was an abusive govt monopoly. You definitely have the IQ of a liberal. I'm embarrassed for you.

What does that have to do with capitalism?

What does China have to do with capitalism (or is it communism?)

Baiamonte is delusional.
He calls China "Republic Capitalism" in spit of the facth that the 80% of the stock market in China is due to state controlled companies.
I have tried to explain him that several times, but it seems to be way above his head.

"State capitalism is on the march, overflowing with cash and emboldened by the crisis in the West. State companies make up 80% of the value of the stockmarket in China"

The visible hand The Economist

The terminology your article uses is rather vague:

What exactly does "Share of national/state-controlled companies' capitalization" mean? If the Chinese government owns 10% of a company, is that a "state-controlled" company? Do we count all of its capital in the chart above? Given that the author is obviously a fan of statism and government meddling, I question the accuracy of his statistics.

 

[bripat9643]

What does that have to do with capitalism?

What does China have to do with capitalism (or is it communism?)

Are you able to stick to a subject for two consecutive posts?

 

[bripat9643]

China s slowdown From a very big base The Economist

Your link isn't active.
Got another?

The visible hand The Economist

 

[ralfy]

Of course they do..........if it wasn't for big Government, they wouldn't be able to pass their goods for free on the infrastructure.

for free?? usually we pay in proportion to how much we use the infrastructure. Do you understand that paying for something means its not free???

Given entitlement and tax cuts, that is highly unlikely. And more so for military spending.

 

[ralfy]

If it wasn't for big Military, they wouldn't be able to feel safe in a global economy,.

thats true but so what?? There is no point in having a great country if you're not going to defend it? It would be lilke building a great house and not putting a roof on it.

"They" does not refer to the country.

 

[bripat9643]

Of course they do..........if it wasn't for big Government, they wouldn't be able to pass their goods for free on the infrastructure.

for free?? usually we pay in proportion to how much we use the infrastructure. Do you understand that paying for something means its not free???

Given entitlement and tax cuts, that is highly unlikely. And more so for military spending.

Sorry, chump, but someone always has to pay for it. Do you think the goods and services the government consumes materialize out of thin air?

 

[ralfy]

they wouldn't be able to exploit workers in 3rd world countries safely.

dear, offering them a new job and higher wage than they had is not exploiting them. Exploiting them would mean forcing them to take a worse job at lower pay or no pay.

See why we are positive that liberalism is based in pure ignorance.

Which is exactly what happened: jobs were outsourced. The difference is that workers in the U.S. are also voters, which meant creating a consumer spending economy and heavy borrowing in exchange for voting for one pro-Wall Street government administration after another. But even that borrowing and spending scheme is falling apart.

 

[ralfy]

If it wasn't for big Military, they wouldn't be able to feel safe in a global economy,.

thats true but so what?? There is no point in having a great country if you're not going to defend it? It would be lilke building a great house and not putting a roof on it.

Arguably it would be better if there were no countries to defend. Just one world.

That would not be better.

Of course it would : there would be no military spending.

Yes there would, and there would be even more killing.

It should be noted that conflict-related deaths worldwide increased in absolute and relative terms compared to the past four centuries as military spending increased, although there are many other factors to consider, such as population, environmental damage, resource availability, etc.

 

[ralfy]

I am arriving to the conclusion that global corporations do not beneffit the economy at all.
They actually harm it because they tend create cross country monopolies, evade taxes and practice dumping.
But I would like to hear if someone thinks global corporations have some beneffit.

I must underscore the word global . Please notice corporations are an absolute must for every healthy economy, specially medium and small corporations.

Global capitalism may be about to receive another bipartisan shot-in-the-arm from the US Congress.
"Although it is called a "free trade" agreement, the TPP is not mainly about trade. Of TPP's 29 draft chapters, only five deal with traditional trade issues. One chapter would provide incentives to offshore jobs to low-wage countries. Many would impose limits on government policies that we rely on in our daily lives for safe food, a clean environment, and more. Our domestic federal, state and local policies would be required to comply with TPP rules."
TPP could be a done deal by football season. If so, will capitalism or democracy be the primary beneficiary in the US?
Trans-Pacific Partnership

I've heard about TPP before , most of the negotiations seem to be made with the secrecy of a covert operation.
That should be more than enough reason to be suspicious about the true motives for the agreement.
Employment and wealth distribution ? Hah , I don't think so.

TTP is free trade so intelligent people support it. Liberals lack the IQ to understand free trade capitalism so of course stupidily want to regulate or sovietize trade.

It may or may not be free trade. That is, if free trade refers to the absolute freedom of trading, then trade pacts run contrary to that. If, on the other hand, freedom refers to doing anything that one wants, then even actions that go against free trade may be considered part of it.

 

[ralfy]

With Little Notice Globalization Reduced Poverty

My understanding is that this has been known for decades, especially given major improvements in food production and manufacturing. The problem is that as part of capitalism it requires continuous economic growth, especially leading to

BBC News - The rise of the global middle class

which cannot be sustained given a world with limitations:

Limits to Growth was right. New research shows we re nearing collapse Cathy Alexander and Graham Turner Comment is free The Guardian