- Jul 7, 2020
Never going to happen. And if it did happen jobs in the poorest countries would literally evaporate. And let's not even talk about the risk of rampant inflation.I listed several ways I was willing to work toward that goal without handing American jobs to foreign workers.
1. Global minimum wage
Not nearly as efficient as empowering people to make their own determinations as to what is best for them financially.2. Targeted financial assistance
While I am for immigration, this runs counter to your "protect the jobs of people already here" argument.3. Accepting more qualified immigrants
Your contortionist semantic argument aside, all of those countries are capitalist countries - and their economies would not be nearly as robust without those strong capitalist underpinnings. Therefore, they are not at all persuasive in support of your suggestion that capitalism is not a viable system to lift people out of poverty. Just look at China. Look at when China really started lifting many of its citizens out of poverty. I will give you one hint as to what change they made: it wasn't doubling down on socialism. Put another way, no economic system has created more wealth and opportunity than capitalism has.I never said they had a closed market or that capitalism played no role in their economy. I said they were socialistic because they employ a mix of ideologies rather than relying on blind faith in capitalism alone.
If you want to argue that a Nordic social safety net model is better at lifting people out of poverty, I am all ears. If you want to argue against crony capitalism, I am all ears. If you want to argue over proper taxation rates, I am all ears. But you simply cannot say that socialism creates as much wealth and opportunity as capitalism.