Third World Logic
There are 7 billion people on this planet - growing every day. Half of the world's population lives on $2.50 or less per day. Given the amount of latent unemployment and lack of demand participation aka. "consumption" in the Third World, there is an essentially inexhaustible oversupply of cheap labour. Based upon the laws of perfect competition which is the inevitable outcome of Globalization's mass commoditization of labour, then supply = marginal cost. The marginal cost of labour is $2.50/day.
There are 7 billion people on this planet - growing every day. Half of the world's population lives on $2.50 or less per day. Given the amount of latent unemployment and lack of demand participation aka. "consumption" in the Third World, there is an essentially inexhaustible oversupply of cheap labour. Based upon the laws of perfect competition which is the inevitable outcome of Globalization's mass commoditization of labour, then supply = marginal cost. The marginal cost of labour is $2.50/day.
Not Everyone Has Skin in this Game. Yet
The main problem is that not everyone has skin in this game. The people at the top of this clusterfuck control the economy, politicians, and the media, therefore they are oblivious as to the amount of economic oppression occurring further down the pyramid scheme. What is needed is collapse ex. bailout. At which point the Von Mises man-boys will disappear into the ether or jump off tall buildings. Only when the liquidation class finally puts themselves out of a job - a process that's already well advanced, will the bullshit finally stop flowing.
The main problem is that not everyone has skin in this game. The people at the top of this clusterfuck control the economy, politicians, and the media, therefore they are oblivious as to the amount of economic oppression occurring further down the pyramid scheme. What is needed is collapse ex. bailout. At which point the Von Mises man-boys will disappear into the ether or jump off tall buildings. Only when the liquidation class finally puts themselves out of a job - a process that's already well advanced, will the bullshit finally stop flowing.
A tale of two countries: 35 years of failed policy
As long as it's working for them, then maintain status quo
Profits, wages, GDP
Third World Exploitation Mentality
"This is the consideration that must be decisive in judging questions of colonial policy. European officials, troops, and police must remain in these areas, as far as their presence is necessary in order to maintain the legal and political conditions required to insure the participation of the colonial territories in international trade." - Ludwig Von Mises
Any country that trades openly with countries having no labour or environmental standard, will end up with no labour or environmental standard, via arbitrage. Finance 101.
There's nothing we can do to get to the ammunition phase faster, than the Lost Boys are (not) already doing
