Now the Economy in F---- Trouble

Jenny1919
Posts: 168
Joined: Sat Jun 26, 2010 12:12 am
SL Name: Jenifer Smithson
Caste: Outlaw
Role: Panther
Location: Somewhere over the rainbow

Re: Now the Economy in F---- Trouble

Postby Jenny1919 » Fri Jan 03, 2014 11:03 pm

Glaucon wrote:Company A (as in Apple) makes phones. They design a nifty new phone. And order all the parts from China, on the cheap, where they are made in factories that have nets hanging below the upper windows and roof, to stop employees from killing themselves. Profit (and shares) up, but no jobs at home.

Company B is really innovative. It creates a really good online shop where people can shop for shoes. All of that is done from one facility in the country. It's profits go up, as department stores and specialist shoe-shops around the country lay people off and close doors.


How is this good for our own economy in both examples? or any economy for that matter if in example A.. They employ in china and are located in the US or europe or any other locale other than china.. or B.. All done online departments lay off several hundreds perhaps the company makes a nice profit but several thousands of jobs layed off cant really make up for a companies nice profit if everyone is on unemployment and eventually cannot buy all this stuff??

Im not going to say there hasnt been improvment since 2008/2009 think there has.. But i cannot fathom how it matches the extremely over priced market.. I dont see how our market today is better than it was in 2007/2008.. Maybe this is far fetched but think we should be 11-13k range.. I might be as bold to say 10k but that is a stretch think we have recovered more than that thou not the record 16.5k or whatever its at now
User avatar
Glaucon
Posts: 2832
Joined: Tue Nov 03, 2009 9:07 am

Re: Now the Economy in F---- Trouble

Postby Glaucon » Fri Jan 03, 2014 11:55 pm

Who said it had to be good for the economy? Corporate profits do tend to be good for stock prices, however.

And actually... both examples are supposed to be 'for the good of all' in the long run. In the first example, the US does what it does best (design and order stuff) and China does what it does bet (make stuff with workers liable to commit suicide if left without a net outside the window). In the second, wasteful labor (in shops) is cut, in favor of efficient online shopping. Ergo, productivity per working person goes up. Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)
Jenny1919
Posts: 168
Joined: Sat Jun 26, 2010 12:12 am
SL Name: Jenifer Smithson
Caste: Outlaw
Role: Panther
Location: Somewhere over the rainbow

Re: Now the Economy in F---- Trouble

Postby Jenny1919 » Sat Jan 04, 2014 2:05 pm

Glaucon wrote:Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)


Yes but if im unemployed how is that good for me if there are millions like me unemployed how is this good? yes there is welfare but why should i be dependent on the government that isn't freedom.. I really dont want them paying me to sit on my ass all day long or them telling me where to live

No, I dont blame obama either
User avatar
Leah
Posts: 1043
Joined: Thu Nov 04, 2010 3:14 pm
SL Name: Liara Edring
Role: Rebel
Owner: My Internet Connection
AkA: Lailah, Lia, Liara
Location: Somewhere in Eorzea
Contact:

Re: Now the Economy in F---- Trouble

Postby Leah » Sun Jan 05, 2014 4:50 pm

Jenny1919 wrote:
Glaucon wrote:Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)


Yes but if im unemployed how is that good for me if there are millions like me unemployed how is this good? yes there is welfare but why should i be dependent on the government that isn't freedom.. I really dont want them paying me to sit on my ass all day long or them telling me where to live

No, I dont blame obama either


He isn't saying it's good for you. That was the point. It's not good for you - or the economy. But the health of the economy and corporate profits aren't always directly connected - that was his point.
This isn't fucking Survivor. We aren't a tribe.

If I won't put up with an in-character owner trying to control my OOC life, what makes you think I'll put up with you trying to do that?

My Store: https://marketplace.secondlife.com/stores/165499

Return to “News”

Who is online

Users browsing this forum: No registered users and 1 guest

cron