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From: Mark Villa Re: I agree with you - except for one key issue - the American cost of living. How many monthly bills are going down?
I don't want to spend a ton of time on this discussion, because it HAS eben beaten to death pretty well in this and other threads. However, I would like to point out one other thing. An issue that gets lost during the discussion of "the global economy" is population, and more specifically population density. One of the primary reasons the U.S. has such a fantastic standard of living is our relatively low population; depending on how you measure it, we have a population density of roughly 30 people per square mile. Most other developed countries have higher population densities. Europe tends to average between 100 and 250 people per square mile (the Scandinavian countries much lower). Even at that slightly elevated level, there are issues with unemployment and other social problems. Note that I'm not saying the US doesn't have these problems, but by most measures our economy is doing relatively well compared to many others (otherwise why would people want to work here in the first place?). And some newly developing countries are much worse. India, for example, has a population density of nearly 1000 people per square mile. To match that, the US would need a population of TEN BILLION. And obviously the standard of living of the US would drop precipitously if that were the case; we're already struggling with social and infrastructure problems from some 50 million illegal immigrants. Try adding a few billion into the mix. So to me, one of prerequisites of any country getting ready to play in the global community is to get its own house in order regarding things like population growth and standard of living. Only then is it playing fair with the rest of the world. Wages for imported workers should be adjusted based on the standard of living in their home economies, in much the same way that we prevent dumping of cheap foreign goods. To instead try to "level the playing field" by simply spreading the earned capital of richer countries to the poorer ones without any safeguards is sort of like telling all the rich people in America to basically pool their money and give it to the poor. And some people may think that's a good solution. However, historically socialism has never worked. Just a thought. Joe
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