Streams

Removing Borders Stimulates the International Community

Tuesday, November 15, 2011

Robert Guest, global business editor of The Economist and author of the new book Borderless Economics: Chinese Sea Turtles, Indian Fridges and the New Fruits of Global Capitalism, explains how fostering a global community can fight against poverty, oppression and economic instability. 

Guests:

Robert Guest

The Morning Brief

Enter your email address and we’ll send you our top 5 stories every day, plus breaking news and weather.

Comments [10]

Robert Guest is articulating the same belief system that the Economist was touting during the period of rabid capitalism. Capitalism, as we knew it, is dead. The new economic order is being born. Read The End of Growth by Richard Heinberg for a more equitable discussion of the future.

Nov. 15 2011 11:54 AM
Mike from Inwood

Robert Guest mentioned the cheap labor of illegal immigrants providing child care for educated women, thus 'freeing them up' to work but does not mention the six kids each illegal immigarnt will eventually be able to bring to the US who will need Medicaid and public education. Not paying the prevailing wage of US workers simply forces the tax payer to subsidize the educated woman's lifestyle.

Nov. 15 2011 11:53 AM
Em

It's incredibly naive and arrogant to believe that exposure to our democracy will inevitably lead to democracy in China - Cuba survived as a benevolent dictatorship in spite of being so close to the most powerful capitalist democracy on the planet - it's all about how the people perceive their lot and how Power manipulates what they prioritize. The main lesson that you can learn from the US is that if you give people the feeling they can express themselves freely and have a "choice" this actually enhances the ability of the few to dominate power and money. Putin has learned this very cynical lesson and so far, executed it brilliantly. The big irony is that the main lessons learned from opening up China is the reverse of this notion: that legally established human rights are now a quaint relic (to paraphrase John Yoo) and the new paradigm is that Technocrats are better at running the State. Yeah right... thanks Mr Yoo - (and Mr Greenspan, as Brian pointed out yesterday.)

Nov. 15 2011 11:49 AM
phil from Park Slope

Simple: work will get done where the skilled labor is, so the question is where you want industries to be based: overseas or here.

Limiting H1B visas is actually counterproductive, because it allows employers to underpay skilled laborers in exchange for visa sponsorship, but still prevents the amount of commerce taking place domestically as it otherwise would.

Nov. 15 2011 11:45 AM
MichaelB from Morningside Heights

The guest raises interesting issues, but he presents a one-sided, simplistic perspective.

So, I guess all the US workers who have lost their jobs over the past decades are just imagining the changing economic structural changes we've experienced.

He sounds sort of elitist to me.

Nov. 15 2011 11:44 AM
jm

American workers' wages will never be able to compete in a global economy without some form of universal health care.

Nov. 15 2011 11:43 AM
Kate from Washington Heights

BRAVO Brian! You are the first journalist (or person of any sort) who has stated that so called "free trade" is a lie if capital is allowed to move freely but labor is not!

Nov. 15 2011 11:41 AM
Rick from Manhattan

Right on. China is holding down the consumption of its people. It is not doing it as a favor to the US (to buy American debt) but to accumulate wealth in a mercantilist style of economics. We need to force China to buy. No trade benefits if you run too large a trade surplus.

Nov. 15 2011 11:41 AM

The problem is it's focused on ONLY trade. Any time we have standards, (IE regulations), that are stricter than China's, the business decision is going to have to be to go to the less regulated place. It's a race to the bottom. Some politicians will now tell us the answer is to lower are regulations to China's level.

The answer is that products SOLD in America should have to meet our regulations, not just one's produced here.

Nov. 15 2011 11:40 AM
MichaelB from Morningside Heights

They bring diseases and non-native species too!

Nov. 15 2011 11:39 AM

Leave a Comment

Email addresses are required but never displayed.