Sunday, March 21, 2004


Who's outsourcing whom? "Airwaves and newspapers are abuzz of late with talk about the loss of manufacturing jobs, the offshoring of tech jobs, immigration, and general alarmism about the 'outsourcing' of the American worker. We hear lots of talk about exactly why (and if) this is happening, but rarely do pundits and commentators look at the relationship between companies moving plants overseas, and the kinds of tax and regulatory policies employed by the states they're moving away from. As it turns out, states with business-friendly public policies attract and retain jobs. States with policies hostile to business tend to lose them."

Outsourcing creates AMERICAN jobs: "When Americans hear the word 'outsourcing,' they typically imagine the movement of U.S. jobs overseas. But globalization has created many forms of outsourcing. Consider the world's appetite for American popular culture. America annually exports $90 billion worth of movies, TV shows, sound recordings and other products created by U.S. 'copyright industries.'"

South Africa's Leftist leaders have been successful in their vow to stop SA becoming the West's African "sweat shop". Pity about their 40% unemployed.

For years we have been hearing about a water shortage in the western states... What specifically is a shortage? It is a situation where you are willing to pay the price but simply cannot find as much as you want.... a shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely. That is precisely why there is a water shortage in the western states.... Even in California's dry Central Valley, less than 10 percent of the water available from federal water projects is used by cities and industries. The vast majority of it is used by farmers, who pay a fraction of what urban users pay, thanks to federal price fixing.The long-term contracts under which this ridiculous arrangement goes on expire this year, so theoretically these contracts could be renegotiated so that everyone who uses water supplied by federal water projects has to pay his own way and cover the costs of the operation. Alas, this is an election year, so you can bet the rent money that no such thing is going to happen.

Western protectionists to India. Don't do as I say. "I read about one Indian who said something like the following: "Hey, you lectured us for decades during the Cold War and Indian socialism. Aren't we now doing exactly what you told us to?"


No comments: