As America suffers from it's bloated government, the best and brightest will simply leave.
http://www.nytimes.com/2009/08/11/busin ... ml?_r=1&em
PeakOil is You
Go East, Young Man
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Go East, Young Man
by mattduke » Tue 11 Aug 2009, 21:44:45
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Re: Go East, Young Man
by americandream » Tue 11 Aug 2009, 23:03:51
$this->bbcode_second_pass_quote('mattduke', 'A')s America suffers from it's bloated government, the best and brightest will simply leave.
http://www.nytimes.com/2009/08/11/busin ... ml?_r=1&em
http://www.nytimes.com/2009/08/11/busin ... ml?_r=1&em
It's less of a bloated government issue and more of an astute capital one. As capital globalises, it gravitates towards maximised return. Sensibly, labour with the ability to follow, will likewise seek the maximum return on it's sole asset, it's labour inputs. It's what anyone would do given a similar set of circumstances.
In the process, economies that are labour cost inefficient such as Western ones, will be forced to adapt and in the process, those national managers of capital, namely politicians, will facilitate this process. Deflationary forces will be carefully brought to bear in a bid to achieve equibilrium with the source of perfected return, in this case China, being the yardstick.
What it means is that workers' incomes in both China and the rest of the world will be equalised to a sufficient degree thereby ensuring that their role as consumers of capital's produce is not eclipsed whilst their costs are standardised.
Eventually peak oil and peaking resources in general will bankrupt this finely balanced process and the system will implode.
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