Paul Samuelson's Outsourcing "Bombshell" (user search)
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  Paul Samuelson's Outsourcing "Bombshell" (search mode)
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Author Topic: Paul Samuelson's Outsourcing "Bombshell"  (Read 3720 times)
opebo
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« on: April 25, 2009, 09:20:58 PM »

The interesting dichotomy in the world economy is between owner and owned, not between the various nationalities of serfs.
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opebo
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« Reply #1 on: April 30, 2009, 10:55:05 AM »

Anyway, I have seen Mexico transform before my very eyes, and it is pretty dramatic. I think the larger model over the longer sweep of time stands.

Mexico is a beneficiary of NAFTA.

I think it is also worth pointing out that the standard of living and quality of life has declined much more in the US than it has come up in Mexico. 

We should remember that globalization is in fact worse than a zero sum game for the working class - while the standard of living for those in the slave countries does increase somewhat, it is only a little, while the condition of workers in places like the US or Europe declines precipitously.  Where does the resulting benefit go?  I think we all know - straight to the top.
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