Step one: DEREGULATE all American businesses, unions, and foreign trade. Business is evil I hear the screams from the bureaucrats! Foreigners are stealing our jobs cry the protectionists! Management exploits the workers whimper the Commies (Democrats and other assorted Pinks!).
All are misguided and WRONG!
Business, free do do its job (Satisfy the Consumers!), will produce more, more efficiently and more satisfying than government can, or business burdened by government. The argument is that they are self-serving, greedy and care for no one except the bottom line. Yes, that's true....Thank God. The self-interest and greed and bottom line guarantee that they will serve the masses very well. Without the confidence of the consumers, business will fail. Business regulations done by My Evil Uncle (Sam) merely allow weak, inefficient and wasteful business to exist. Environmentalists take note, Government regulation causes waste of the limited resources this world contains.
Unions and minimum wage laws (see Government above) cause unemployment, misallocation of labor, and lower productivity in all business areas. If minimum wage worked to solve the problem of a "just, fair wage," why not set it a little higher: $25.00? $25,00 would be a good way to even eliminate welfare! No more poor people....Correct??? Wages above a "fair" wage create unemployment. People whose productivity is less than the minimum will have to be unemployed. Business cannot stay in business paying more for the factors of production than those factors produce. Thus, if unskilled, or with poor work records, many people whose wages would be below the minimum are sitting at home stealing from the taxpayers instead of earning a wage they qualify for. They wallow in low self-respect, at welfare rates and hopelessness. At equitable wages, all would have jobs, prices would be lower, and men would do a good day's labor for a good day's pay. Ah, Utopia!
Protectionists, do not read further, you will get soon distraught and probably confused. NAFTA, GATT, etc. aside (Most of which are not really free trade agreements!) foreign trade, unhampered by military, trade agreements and government subsidies, tariffs, quotas, makes all participants wealthier. Just like in the internal workings of an economy, we should do what we are comparatively best at and buy those things which others do better, trade works the same. Jobs are lost only in weak, failing, and government-supported businesses. And those skills wasted in bad businesses, let alone the wasted resources, will quickly be reallocated into those areas Americans now choose to spend their money in. If Japanese TVs are cheaper, I buy them, Americans making TVs that I cannot afford, are out of jobs, but now I have left over money to buy the stuff they are now producing. I will have a TV, more money, the Japanese have more money to buy more Wisconsin cheese, etc, etc, etc.... Seems pretty logical. Why are some businesses protected from free trade, they cannot compete at their wage rates, high profits, etc. Who is hurt, the sovereign consumers.
Deregulate and Prosper.
Lysander
PS John Galt for President!
http://www.cafepress.com/john__galt.13699681
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