CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Saturday, March 06, 2010
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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6 Comments:
There is a difference between actual progress and politically-charged destruction (such as done in the last 30 years).
There's more destruction done in offshoring than creation for the pace of created work. That is also part ofthe problem.
Seth, it seems you didn't notice the U.S. Information and Biotech revolutions.
The Microsoft Millionaires Come of Age
May 29, 2005
"While the exact number is not known, it is reasonable to assume that there were approximately 10,000 Microsoft millionaires created by the year 2000," said Richard S. Conway Jr., a Seattle economist whom Microsoft hired to study its impact on Washington State. "The wealth that has come to this area is staggering."
Your blame is misdirected. Government has squandered your money, not firms, which has been most destructive for society.
Seth, it seems you didn't notice the U.S. Information and Biotech revolutions.
Unfortunately for you, I have.
I have also noticed the jobs go the way of manufacturing in that they're sent offshore a bit too quickly. Thank various foreign lobby groups(e.g. NASSCOM, etc.), their US-based "fellow travelers" like Carly Fiorina, firms like Grigsby & Cohen, and every business that outright lies to the displaced up to their last day.
The only government entities to blame are those use or facilitate offshoring in their state or commonwealth.
Your blame is misdirected. Government has squandered your money, not firms, which has been most destructive for society.
Government hasn't squandered anything in the context of this article.
I'm glad you noticed "the pace of created work" has been fast in the U.S. Information and Biotech revolutions (certainly faster than any other country), and that pace was facilitated by other firms.
Yet, it seems, you haven't noticed government in the "destruction," which has been massive, and I've explained much of it before. I want U.S. living standards to improve at an optimal rate.
Yet, it seems, you haven't noticed government in the "destruction," which has been massive, and I've explained much of it before.
Well, if you count a political application of offshoring, yes. It's easy to undermine national interests when you can use Third World resources. It's difficult (if not impossible) to not be indiscriminate in who you target; not only do you get your group, you also cause friendly-fire incidents.
I want U.S. living standards to improve at an optimal rate.
So would I, but too many in the South keep on selling our nation out.
"Government hasn't squandered anything in the context of this article"...
ROFLMAO!
Well it is NPR... LMAO!
Thank you Mies Institute: Blaming free trade for the present predicament of so many workers is misplaced. But who should be blamed? The American politicians have themselves to blame for most of the job losses we have seen over the last several years. The simple fact is, our politicians continue to engage in something Ludwig von Mises used to call "interventionism." He defined interventionism as the government’s attempts to correct some perceived market failing through its own power of coercion. Good intentions may be behind interventionism, but, as the saying goes, "the road to hell is paved with good intentions."
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