Comments on: Can Confucius save America’s middle class? Fri, 31 Jul 2015 03:37:49 +0000 hourly 1 By: txgadfly Sun, 09 Oct 2011 22:42:00 +0000 The real problem is that what we once called the “middle class” has lost self-government and become just another bunch of peasants ruled by aristocrats.

Our money needs to be under our control, not Wall Street’s, not Washington’s, not Beijing’s. The dollar is simply priced to high. A Chevrolet Corvette is a good, fun car, but if you price it at $250,000. you will not sell many, nor make many, nor employ many. It is a matter of price.

If needed, we should abandon “free trade” and slap up tariff walls. We are a continental country and can manage if we must. So what if a bunch of rich people in New York can no longer try to boss the world around? What did they ever do for us? Export all our jobs and profit from it? Yeah. That’s it.

By: RET_SFC Sun, 09 Oct 2011 20:41:04 +0000 Free trade exports standards of living. Both ways. How could it not? Buy much, sell less, does that.

What we in the US call a Middle Class is wealth in many countries, but as we export our standard of living we will find ourselves converging with people whose cheap labor and pollution-generating industries we have exploited. However… our Middle Class has gained only what we bought; our Super Rich reaped what profits could accrue.

By: mdblitz Sat, 08 Oct 2011 21:26:08 +0000 What have I been living for? Is it to realize a foreigners life or my own? To accept guilt for being alive?!! What have we grown up experiencing? I can not possibly accept guilt for the life I have lived!

The United States of America has contributed a tremendous amount of effort and innovation to improve living conditions for everone in the “global community”. I believe that is to be celebrated greater than pointing to the differences caused by hedonists.

By: ladygaga Fri, 07 Oct 2011 02:12:48 +0000 The high philosophical moral and logic on peace and hospitality introduce by Confucius which had surpassed the Christianity is far beyond world’s comprehension.
The space technology was stolen and confiscated from the Nazi pre and post war. The reason for western civilization been capable of launch the space plane against the soviet was because the original idea was taken from the Nazi scientist who had bad intension to enslave the world.
Of course, Chinese were the first one who invented the rocket which had overtaken the European culture. Not to mention the gunpowder which later modified by noble. Neither were out of bad intension, but both were for the celebration of the festival.

By: robb1 Fri, 07 Oct 2011 00:33:26 +0000 It is OK for cheap manufactured Chinese goods, but should we get the ideology too?

Perhaps a little too much!

I wonder if any lobbying interest behind this kind of articles.

We need to tax offshore outsourcing, perhaps some “decent” jobs will come back.

By: DisgustedReader Fri, 07 Oct 2011 00:13:30 +0000 Nice touch, Reuters, leaving editor strikeout text so we can see previous revisions and decide for ourselves if the editor’s change was justified, lol.

By: FreeDem Thu, 06 Oct 2011 22:35:49 +0000 If you want to see what can really work for a Global Middle Class I would suggest a very hard look at Argentina and some of the innovations there.

When the Argentine economy collapsed, many businesses were shuttered as not worth even auctioning off the equipment. The workers there knew that just making anything would build more wealth in the long run and so broke into the factories and went to work.

By electing “managers” from among their own numbers and making them true agents at equal pay to line workers and so improved efficiency as a result of actual two way communication. Removing the overburden of excess “Top Management” pay also went straight to the bottom line.

When the previous owners showed back up to claim the now quite profitable companies the Argentine Courts awarded them the value of the companies at the time they walked away and that was easily paid.

But since most of the value added by those owners in many cases was the ability to borrow the money for capital expenses, and the companies themselves were the primary collateral, they discovered that the Royal model of business was no more and perhaps less valid than the Democratic/Republican model. All that is needed is structure to allow that to happen.

By making an open system that would allow the folks working at every level to compete and innovate, in creating products from vehicles to solar equipment, but have a published standard so parts are interchangeable, and those combining the final product can pick from those many available.

In the early days of the PC anyone could build them in the garage, because of just this happening and so growth was explosive. By guarding against manipulation of the markets and creating such standards for US businesses with loan & tax advantage for worker ownership, there could be a total renaissance of the middle class.

By: LordCavendish Thu, 06 Oct 2011 22:29:48 +0000 “Globalization has not benefited the majority of Americans.”

Well said.

Democracy ceases to exist in a system where 1% of the people own and control everything, including the media and government.

Calvin needs to read John Calvin.

By: tinatx9 Thu, 06 Oct 2011 20:55:32 +0000 David, good to see someone honing onto the importance of the global middle class and the impact they will have in future markets. Preparing for this rise in this consumer base now will undoubtedly give companies an edge later.

I hope you will develop this idea of American cities becoming more mindful of their role in the global context. Too often, people unintentionally corner themselves by thinking on a local level. For example, bloggers should know that as soon as they’ve created their site, it’s already gone global. By assuming you only have a set audience group, you’ve already put yourself at a disadvantage.

It is also important to note that a global mindset is only one important factor to this development in Bowling Green. David points out a great point about the openness of the city. If we look at Philadelphia in the years after William Penn, the city was the only city along the east coast of America that welcomed all (what did Boston do to those unwelcomed? Salem witch trials. Maryland only allowed Catholics, and so on and so forth). After 1776, Philadelphia became the center for industry and development. All railways wanted to connect to Philly. Workers had significantly higher wages (and therefore standard of living) in Philly. New York was only beginning to be competitive. Today, we look at Australia’s open policy on immigration and see how their population is growing at breakneck speaks, attracting huge amounts of human resource. Their economy is thriving and survived the recent recession relatively in tact. Standard of living across the nation is one of the highest in the world. Take a look at Shanghai, what I would call the new global city. The people in that city don’t sell to their Chinese counterparts, they’re selling to the world. Global corporations compete for a place in Shanghai. Bowling Green is on the right tract by attracting foreign investors. The next step that they might take, is foreign involvement.

By: M.C.McBride Thu, 06 Oct 2011 20:32:27 +0000 Bowling Green sounds like every single small college town in the United States of America. What is not mentioned is that if the economics and business departments in Bowling Green and across the United States were not bought out by global corporations and teaching worthless nonsense then America would not be in this situation. With high unemployment and unsustainable government spending at every level, it is clear that globalization has not benefited the majority of Americans.