Re: [FRIAM] TPP pro and con

Hi, Marcus, As an oldfashioned Deweyan, I really resonate to your final paragraph. Thanks for the clarification. N Nicholas S. Thompson Emeritus Professor of Psychology and Biology Clark University

Re: [FRIAM] TPP pro and con

I think there more Pros than Cons, and the cultural & business advantage of equal trade laws across the 12 nations is likely to surpass any trade benefits. On Fri, Aug 5, 2016 at 12:48 PM, Marcus Daniels wrote: > A disagreement may be lurking here, if you assume that

Re: [FRIAM] TPP pro and con

A disagreement may be lurking here, if you assume that wealth and capability are the same. Or even if you assume that they are highly correlated. Or even if you assume that the causal arrow is from capability to wealth. I’m making the distinction because in many situations wealth may well be

Re: [FRIAM] TPP pro and con

Hi, Marcus, Well, let’s isolate the things we agree about from the things we disagree about: Do you mean rich or capable? A disagreement may be lurking here, if you assume that wealth and capability are the same. Or even if you assume that they are highly correlated. Or even

Re: [FRIAM] TPP pro and con

Do you mean rich or capable?The mean incomes between countries could become more similar, but that doesn’t mean the variances within a country have to go down.This could still lead to a situation where incomes are positively correlated to productivity. And the political

Re: [FRIAM] TPP pro and con

Given where the US stood in 1960, isn’t it unreasonable to expect average incomes in the US to go UP during a period of income equalization between countries? N Nicholas S. Thompson Emeritus Professor of Psychology and Biology Clark University

Re: [FRIAM] TPP pro and con

The underskilled, in say, Vietnam or Mexico have even less opportunities than their counterparts in the United States. -Original Message- From: Friam [mailto:friam-boun...@redfish.com] On Behalf Of Nick Thompson Sent: Friday, August 05, 2016 11:00 AM To: 'The Friday Morning Applied

Re: [FRIAM] TPP pro and con

Yeah, Owen, but …. . The problem is that when you go to equalize incomes between nations, the rich people in the poorer countries that are being equalized grab all the income and the poorer people in the rich countries take most of the hit, and income disparity within all countries goes up,

Re: [FRIAM] TPP pro and con

Marcus, Your comment seems to contradict itself. Aren't the "underskilled" overlapping with those "lacking opportunity"? Nick Nicholas S. Thompson Emeritus Professor of Psychology and Biology Clark University http://home.earthlink.net/~nickthompson/naturaldesigns/ -Original

Re: [FRIAM] TPP pro and con

Meh. Yes, as the article points out, and as Marcus highlights, one would expect trade to eventually even out global wages, which is to the disadvantage of worker who previously had inflated wages. And the article points out that average wages for much of the U.S. population have been stagnant

Re: [FRIAM] TPP pro and con

Agreed. All the pundits liken it to immigration. Buying Chinese goods is equivalent to letting them immigrate, but only in an economic sense. The result is to create a world economy where each citizen is given equal rights and privileges. And median income. On Fri, Aug 5, 2016 at 10:37 AM, Marcus

Re: [FRIAM] TPP pro and con

"Among the big losers - those who gained little or nothing - were those at the bottom and the middle and working classes in the advanced countries." Is that not only expected, but even intended? Globalization gives people opportunities that don't have them and takes them away from an overly

Re: [FRIAM] TPP pro and con

I like Joe's reference which ends with: The main message of Globalization and its Discontents was that the problem was not globalization, but how the process was being managed ​ This and the podcast referred to earlier agree that there are hugely important cultural & political issues. For both

Re: [FRIAM] TPP pro and con

For an informed commentary: https://www.project-syndicate.org/commentary/globalization-new-discontents-by-joseph-e--stiglitz-2016-08?utm_source=project-syndicate.org_medium=email_campaign=authnote -- Joe FRIAM Applied Complexity

[FRIAM] Fwd: When the planets line up… | CTV Atlantic News

Interesting alignment of the cresent moon, jupiter, venus, mercury. http://atlantic.ctvnews.ca/ctv-news-at-5/weather-blog/when-the-planets-line-up-1.3016312#_gus&_gucid=&_gup=twitter&_gsc=CBQAKXG ​ -- Owen​ FRIAM Applied Complexity