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Originally Posted by mburbank
"I never said we don't need regulation;"
-You
"An unregulated economy, yes. Save one issue."
-You
I'm sorry, I didn't realize you were speciffically and only refering to regulations on Business. I think the two are inextricably linked, but what the hell.
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Well, you are correct, they are linked. But I don't consider them to be the same thing. When I think of economic policy, I think of the Federal Reserve, legal tender laws, minimum wage, the central bank, etc. When I think of business regulation, I think of health standards, environmental standards, etc.
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Child labor in this country certainly didn't use to be a joke. And a child's 'right to refusal', which they didn't have then, would scarcely have helped when the alternative was going hungry because wages were so low. Minimum wage used to ensure a family could stay ahead, but hey, that's one a them ding dang regulations. Kind of like child labor laws. Huh. That might be my point.
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Uh-huh. Look up the real facts about minimum wage. It was used in a Keynesian ploy to reinflate the economy by maintaining wage rates and prices artificially. During times when the minimum wage actually holds value (it holds very little now), prices are generally maintained at a higher level. This was essential to the Keynesian viewpoint that was predominant during the 30's. I trust you know who Keynes is, yes?
It was also used by those who accepted that minimum wage was necessary in order to ensure that consumers had the power to purchase goods. This, however, was used more as political rhetoric, and has been smashed time and time again.
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I think Globalization could help developing nations, but not without, what now? Regulation. Otherwise there is nothing to stop it from being a race to the bottom. In a Global economy, give me one reason not to use the cheapest labor force. I'm sure eventully you'll find a country willing to make it's population work for nothing but food. Oh, wait, we already give most favored trading status to countries that already do that. It's not a question of not understanding, lil johnny arrogant, it's called disagreeing.
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Tisk, tisk. Have you forgotten than business has to compete for labor resources? Have you also forgotten that prices, overall, tend to lower with wages, thus barely affecting the real wage at all? Have you forgotten that if the real wage did fall, it would lead to greater employment? All of these are basic factors in the free market.
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"begging in the streets, engaging in prostitution and other crimes, or doing hard labor."
If you're going to quote things you ought to source them.
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Child Labor or Child Prostitution?
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"They did not stop working because they could not stop working. "
You're kidding! Didn't they have a right to refuse to work?
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I meant that in a different way. They had to work in order to live, not because they were literally forced to.
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Multiple !!! frenzies, as was my original point, lead to not stating what country you're talking about, who's farmers, what regulations and which blowjobs. I'm sure none of that means a gut embrace of polemic on your part, but it doesn't enspire confidence in your argument either. Don't Vinth out.
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You honestly couldn't follow that? You know that our government pays farmers to throw away/only grow so much food, right? There are various reasons for this, none of which I believe justify the action.
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Your direct link between liberal pressure and sexual exploitation is also Vinthonian. If you have a source for this belief, state it. All nations have appalling, reprehensible sex trade. The statistical links between numbers of people, conditions, and the rise and fall of employment in these fields as compared to prevailing wage laws are currently undocumented. Besides, here too there is freedom of choice. In the recently Liberated Afghanistan, those forced out of work go into unregulated poppy cultivation. In South America, they often prefer unregulated Coca farming.
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I cited the source above. Seriously, though: you cannot understand that when there are no jobs and more money has to be made (which cannot be solved with an international minimum wage, since it would cause massive unemployment in third world countries), one might need to resort to illegal measures?
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When you, One and the Same have worked... well, when you've worked, it might make me take your views on workplace regulation somewhat more seriously. And when you've worked in the third world, I will assume that your opinions might have some element of compassion in them as opposed to dogmatism.
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My viewpoint does have compassion. I simply hold a different opinion as to what would be better for the lower class, since I do not always associate that with the American worker.