[IP] more on OECD on employment protective laws
Begin forwarded message:
From: Frode Hegland <frode@xxxxxxxxxxx>
Date: April 17, 2006 11:47:03 AM EDT
To: dave@xxxxxxxxxx
Subject: Re: [IP] OECD on employment protective laws
On 11 Apr 2006, at 19:35, David Farber wrote:
Russ Nelson writes: Globalization is nothing new ... and during
that time wages have risen, not fallen
Though of course not uniformly. Some place win (like the British
Empire being efficient enough to make cloth that they could ship them
back to India and pretty much eradicate the local industry. (This
made the British India Company more powerful than the British Empire
for a while! Yes, even the British Empire was an international
corporate affair, as much as a government expansion). This of course
happens often, to degrees. And it swings back and forth between
regions on the rise, and regions on a plateu.
But when the winners become monopolistic, this breaks down.
Within a capitalistic country regulation is need to keep large
companies from becoming monopolies. There is no such regulation on a
world-wide basis, only the WTO which is a representative of the
monopolistic countries, not of all countries.
One example of this is the monopolistic trade barriers the US and
Europe have against Africa, which removes five times the amount of
potential trade income than Africa receives in aid (please help me if
you can remember who pointed this out, I cannot find the name right
now, but it was not a hippe, it was someone from the World Bank, I
think).
In fact, the trade imbalance with Africa is so bad that locally grown
produce is more expensive in many places, than US imports due to US
subsidies.
Please, this is my current understanding, if anyone would like to
correct any of this, please do, my position is just that you can't
have a purely capitalist system without some regulation to keep
monopolies from happening so globalization, in its current form is
not as much capitalism run far, than good old fashioned monopolies.
Hey we could call it cross-border fascism maybe? BTW, I am a firm
internationalist, so pro-globalization arguments I agree with in
general, let's just discuss how to improve the outcome for more
people, instead of simple pro/con arguments. End rant.
Frode Hegland
ceo
The Hyperwords Company
www.hyperwords.net
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