Jouni Valkonen wrote:
This certainly off topic, but Greece economy would not be cured,
because mining is capital intensive production and thus it does not
help much the sick market economy of Greece.
Yes. Mineral wealth is a curse. Places like Saudi Arabia and Texas end
up with dysfunctional economies because of it.
This kind of methods should be utilised also in all other economic
sectors because less and less wealth is returned to consumers via
incomes of workers, because work is done by robots and Chinese low
paid labour force (I.e. part time slaves). This is problematic for
market economy, because it means that consumers have less purchasing
power to direct production to satisfy demand. Therefore less iPads are
produced.
This is even more off-topic, but when you talk about iPads the people
assembling them are more like full-time slaves, Or what we used to call
wage-slaves. See:
http://www.slate.com/articles/arts/culturebox/2011/10/the_agony_and_the_ecstasy_of_steve_jobs_reviewed_.html
Someone named Daisey visited the manufacturing plant, Foxconn Inc.
QUOTE: "Despite dire risk (an AP photographer caught taking pictures
outside Foxconn had recently been detained and beaten for two days
before being released to his embassy), Daisey managed to interview
dozens of these workers. He interviewed girls as young as 12 who worked
crushing hours; he interviewed a man whose hand had been twisted into a
claw from overuse; he interviewed a woman who had been blacklisted
merely for requesting overtime pay."
- Jed
