Tuesday, July 24, 2012

WRONGS THAT NEED CORRECTION

ECONOMIC WRONGS

Of late, we observe and witness sudden economic growth and success taking place in other parts of our world wherein it did not exist a relatively short time ago.  China, India, Malaysia, Mexico, Russia, together with Brazil and several other nations in South America, have awakened from their economic slumber, and assumed their places as vigorous and thriving participants in various aspects of manufacturing and commerce, as well as oil-producing sources.  Their respective economies are thus growing at remarkable rates, and they are simultaneously contracting and exhibiting the symptoms associated with their new-found status: crowded cities, increased motor vehicle traffic, and air pollution; heightened consumption of coal and oil, as well as of less healthy "Western" foods. 

But, in my opinion, this sudden and novel eminence is directly attributable to an economic fault that is implicit in, as well as a result of, the very state of affairs that I seek to criticize: a variety of economies and currencies, pay scales, and labor conditions--in addition to environmental standards and tolerances--that enable said nation-states to powerfully attract out-sourced segments, as well as complete facility transfers, from places that had been the leaders in numerous respective fields of manufacturing and commercial endeavor.

In a unified world, with a single economy, a single currency, a single uniform set of appropriate and beneficent labor standards, as well as a uniform, objectively sensible and logical, environmental code, there could be no reason for a business concern in nation A to send a portion of its production process to a facility in nation B--or to close a plant in nation A and open a similar plant in nation B--in order to reduce its costs.

Moreover, a uniform economy and currency across the globe would provide entrepreneurs as well as consumers in the regions that used to be "nation B" with the same opportunity to produce, purchase, and possess similar goods as the producers and consumers in the regions that were once "nation A."

I would thus predict a consequent proliferation and expansion of many aspects of our world to many regions that had heretofore been unable to experience or possess them--and in a more uniform and reasonable fashion as well.

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