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more on OECD on employment protective laws
From: David Farber <dave () farber net>
Date: Mon, 17 Apr 2006 17:16:46 -0400



Begin forwarded message:

From: A J <a.joshi () yahoo com>
Date: April 17, 2006 5:14:46 PM EDT
To: dave () farber net
Subject: Re: [IP] more on OECD on employment protective laws

The following needs corrected -

<quote>
(like the British
Empire being efficient enough to make cloth that they
could ship them
back to India and pretty much eradicate the local
industry.
<unquote>

It wasnt exactly - er - the "British efficiency" that
captured the Indian cloth market.  It was more like
the "unscrupulous capitalism" by the British !!  After
their inferior clothing couldnt withstand the
competition from the local industry purely due to
quality,  The British East India company (which
incidently *RULED* its market at the time) rounded up
the cloth mill workers in India (today's Bangladesh)
and *cut their thumbs off* so that they couldnt
operate the machinery (handlooms - or hand operated
weaving mills) and thus quite obviously "won" the
market and became a monopoly.  This is well documented
in the Indian history books.

--- David Farber <dave () farber net> wrote:



Begin forwarded message:

From: Frode Hegland <frode () hegland com>
Date: April 17, 2006 11:47:03 AM EDT
To: dave () farber net
Subject: Re: [IP] OECD on employment protective laws

On 11 Apr 2006, at 19:35, David Farber wrote:
Russ Nelson writes: Globalization is nothing new
... and during
that time wages have risen, not fallen

Though of course not uniformly. Some place win (like
the British
Empire being efficient enough to make cloth that
they could ship them
back to India and pretty much eradicate the local
industry. (This
made the British India Company more powerful than
the British Empire
for a while! Yes, even the British Empire was an
international
corporate affair, as much as a government
expansion). This of course
happens often, to degrees. And it swings back and
forth between
regions on the rise, and regions on a plateu.

But when the winners become monopolistic, this
breaks down.

Within a capitalistic country regulation is need to
keep large
companies from becoming monopolies. There is no such
regulation on a
world-wide basis, only the WTO which is a
representative of the
monopolistic countries, not of all countries.

One example of this is the monopolistic trade
barriers the US and
Europe have against Africa, which removes five times
the amount of
potential trade income than Africa receives in aid
(please help me if
you can remember who pointed this out, I cannot find
the name right
now, but it was not a hippe, it was someone from the
World Bank, I
think).

In fact, the trade imbalance with Africa is so bad
that locally grown
produce is more expensive in many places, than US
imports due to US
subsidies.

Please, this is my current understanding, if anyone
would like to
correct any of this, please do, my position is just
that you can't
have a purely capitalist system without some
regulation to keep
monopolies from happening so globalization, in its
current form is
not as much capitalism run far, than good old
fashioned monopolies.

Hey we could call it cross-border fascism maybe?
BTW, I am a firm
internationalist, so pro-globalization arguments I
agree with in
general, let's just discuss how to improve the
outcome for more
people, instead of simple pro/con arguments. End
rant.


Frode Hegland
ceo
The Hyperwords Company
www.hyperwords.net

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