Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old Jan 31, 2013, 11:32 PM   #51
calaverasgrande
macrumors 65816
 
Join Date: Oct 2010
Location: ?
Quote:
Originally Posted by lifeinhd View Post
Not my personal wealth, but the wealth of the world certainly has, which was my point. The US has a disproportionately high number of engineers innovating in high-paying jobs compared to, say, China. While a poor Chinese person may be forced to labor in a field or toil away in a factory, an American can gain an education and eventually go on to specialize in a cutting-edge field. The reason China has so few of the aforementioned engineers is not because their population isn't as talented; it's because they don't have the same opportunities to focus on advancement. Someone who could be a brilliant engineer is forced instead to pick rice because their economy isn't as developed, and as a result the world loses out on advances they could have made, e.g. cure for cancer, or treatment for AIDS.

So yes, as China becomes more and more of a first-world country and can provide the same opportunities for its citizens as the Western world has had for decades, the wealth of the world does indeed increase.
except china is a totalitarian dictatorship which manipulates it's currencies exchange rate.
It's citizens don't lack opportunity because of some dark ages stagnant economy that will be dispelled by the unstoppable magic hand of capitalism. They lack opportunity because their lives are decided by committee.
That is the problem with neo-liberal free trade agreements. They eliminate the laws and the borders for capital and goods, but labor is still subject to geography and local tyranny.
calaverasgrande is offline   0 Reply With Quote

Reply
MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Apple Sues Chinese Government Agency and Shanghai Company Over Siri-Related Patents MacRumors iOS Blog Discussion 17 Feb 25, 2014 11:55 AM
New Two-Story Shanghai Apple Retail Store Opens Saturday at the IAPM Mall MacRumors Mac Blog Discussion 14 Oct 25, 2013 07:23 PM
Apple to Open Two-Story Retail Store in Shanghai's New IAPM Mall MacRumors Mac Blog Discussion 15 Sep 11, 2013 01:14 AM
Shanghai Firm sue's Apple over Siri Vegastouch Apple, Industry and Internet Discussion 2 Jul 7, 2012 07:54 PM
Apple Reportedly Set to Open Up Apple TV to Third-Party Developers at WWDC MacRumors MacRumors.com News Discussion 371 Jul 7, 2012 05:14 AM

Forum Jump

All times are GMT -5. The time now is 05:23 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC