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    • Thu Jan 17th 14:16 PM | Rating: 0 0
      Commented on:
      The Federal Reserve Has Failed Us
      You guys keep talking about the morals of people from one country having a higher standard of living than people of another; but corporations have it backwards. Do Americans deserve a better standard of living than others? Of course not, but that does not mean we should be actively lowering the standard of living for Americans (which is currently happening), we should be bringing the standard of living of the countries we do business with up to the American standard. THAT is the moral thing to do.

      If every company had to ensure that every product they import into this country was manufactured under equal or better labor, environmental, etc., standards as the USA, the unfair and damaging to America advantage these countries currently have would be wiped out. THEN we would be competing on a level and MORAL playing field. At that point the competition becomes about true innovation and the ability to do something better, not just cheaper.

      India and China are not innovative, they are cheap. The vast majority of their people also live with little to no protection from the will of corporations. Of course products are cheaper to make in China, they can poison people, overwork them, pay them little to nothing, all LEGALLY. If you support that, you are a bad human being.

      On the other hand, Japan is roughly equal to the USA in terms of how people are treated. You can argue that they have an advantage with healthcare, but the bottom line is that Toyota and Honda are cleaning up because Ford, GM, and Chrysler all got fat and lazy. Japan isn't any cheaper to build cars in than here. That is actual competition, based on innovation and good management. As much as I hate to see the US car companies struggle, they deserved it. Now GM, Ford and Chrysler have found religion and are putting out cars of superior quality. Let's hope they can erase their old reputation in time to make some money.

      I agree with a poster above and Warren Buffet; time to bring back tarifs. If our corporations cannot be relied on to behave ethically and morally, they need to be taxed.
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