Wednesday, June 29, 2005

CHEAP LABOR MAKES THE WORLD GO ROUND

Another Tom Friedman column in the Times on how the miracle of cheap labor makes the world go round.....

There is no doubt that keeping the working classes "under the lash" is good for business, and benefits the "work ethic" of the laboring classes.

BUT SOONER OR LATER, LABOR ASKES TO BE INCLUDED IN THE ECONOMIC BOOM...THAT'S WHAT HAPPEN IN THE US IN THE 1940's. AND AFTER THE DISASTER OF WWII THE EUROLANDERS SAID: "NEVER AGAIN" AND FOLLOWED THE WELFARE STATE MODEL.....

FRIEDMAN HAS BECOME ONE OF THE CHIEF APOLOGISTS FOR CAPITAL AGAINST LABOR...BUT I WOULD NOTE THAT THE RISE OF "POPULISTS" ON NEARLY EVERY CONTINENT INDICATES THAT LABOR WILL AGAIN DEMAND IT'S "FAIR SHARE"...AND SOON.....