As the world economy becomes more global, what we've got to show is, if some of the high-tech jobs are going to China and India, why can't some of them stay here? If we can build it in Bangalore, we oughtta be able to build it in Waterloo, Iowa.We live in a very competitive world. India and China are not playing for second place. We need to make sure we have the best-educated, most innovative work force.
Like it or not, we live in a world where our greatest currency is our intellectual capital. There's always going to be somebody in the world willing to work for a cheaper wage rate. We've got to work smarter.
It will be interesting to hear more from Mark Warner on this subject. Meanwhile, here's Jim Webb on the subject of outsourcing:
I have very strong feelings about that. [The United States] is starting to look like the Philippines [and] outsourcing is a big part of that. There's got to be a formula that protects American workers.
Sounds like these guys may be on the same page here.
Webb is all about protectionisim
I strongly disagree that they are on the same page.
I look forward to a civil debate.
Webb's desire for "fair trade," a term that actually attempts to make American corporations more responsible stewards of their capital, comes from his deep understanding of the history of the South and the pre and post Civil War economies that left much of the South in poverty while a small ruling (white) elite controlled the majority of assets and pitted poor whites against poor blacks to maintain economic supremacy.
I would recommend that you read Born Fighting so you can see for yourself that Jim Webb is no protectionist. However, he is a populist in the truest sense and believes that if large corporate interests are to be the main financial beneficiaries in a society then they also have a responsibility to treat working class Americans with a sense of decency and fairness.
For some, this is simply too much to ask. Those in power are always threatened by a voice that calls out for fairness.
As Webb says of his political hero, Andrew Jackson:
Jackson believed that you don't measure the health of a society at the apex but at the base.
Time and time again, American workers get a raw deal and coporations and their political apologists call it free trade. Unfortunately under Bush II we've leared that is true. With all the tax breaks Bush has granted to the wealthy elite and large corporations, it's no wonder they see it as free trade. Jim Webb intends to stand up for the rights of the American working class and wants to put an end that that free ride.
The fact is, neither Webb nor Allen are entrepreneurs in the sense that they have created factories in their past, but it isn't hard to extrapolate whose side they are on in the economic battle for America's souls when you listen to their "rhetoric."
Either way, if Webb and Allen were going to sit down and have an economic symposium, I would certainly put my money on Webb.
I also imagine, given the time limits of Warner's speech, he probably couldn't go on at length about the process of how he'd create your widget factory, but as a wealthy businessman who started his own company I'm sure he would have an idea.
So what's your solution, how would you create the ideal widget factory in Waterloo, Iowa, which you seem to care so much about?
In the olden days we didn't have income tax because we made money on tariffs and exports. That has drastically changed. We used to export products, now we export raw materials and buy the products back.
The Titanic showed us that we needed more even policies, since all the poor drowned (locked below). So they started income tax on the anniversary date which does hit the wealthy the hardest. But they also wield more power.
I think we need much less.
Reuse, restore, recycle.
Need less, enjoy more.
As far as widgets and free trade goes va.walter appears to worship them like the Golden Calf. It appears his concern for widgets wanes when you ask him for his solution. Nice armcharm punditry...can demand answers from some, but can't answer his own questions.
Warner has walked the walk on this subject with practices like farmshoring -- including bringing 300 IT jobs to rural southwestern VA. With his background and the prominence of tech in the outsourcing game, Warner has a lot more clout in this area.
But I'm interested to see something concrete from Webb...
Well, it came, and some Americans were trained for it and were highly skilled. Then it was discovered that so were the people of Bangalore. So we lost those jobs too.
Many of the jobs that real, average Americans were trained to do - from customer service and IT help desks to doctors trained to read X rays - all have jobs that can just as easily be outsourced.
Anything you can do on a computer, regardless of how complex, can be outsourced to a place with a lower standard of living where people can do it cheaper.
And let's face it, the vast majority of people in any country can't be expected to get PhDs in rocket science. The type of highly paid, high skilled jobs requiring advance degrees like that just aren't going to cover the downward spiral. I think Mark Warner knows that too.
And protectionism, tariffs, and pulling up the moat would only be a temporary solution as well, and not a particularly effective one. That would leave us less competitive.
The real solution lies in writing international trade agreements and rules and regulations that contain minimum wage, health and safety regulations, and environmental protections.
The notion that there is some free for all out there where anything goes is only a partial truth. Right now, trade agreements contain laws that at least attempt to keep competition among corporations fair. Nations that don't abide by those rules are taken to international courts were fines and sanctions are imposed.
In addition, most trade agreements have language that protects the intellectual property rights of corporations.
So, there is a recognition that free trade must have orderly regulations to ensure fairness to corporations. For companies to compete, it is generally agreed, there must be a level playing field between nations.
If that's true for large international companies, it should also be true for workers. Without certain basic, minimum standards, there is no level playing field.
There is not anarchy out there. There are rules that protect corporations while encouraging free trade by making it profitable to compete.
There is no reason on earth why there also can't be laws that level the playing field for workers to ensure that even while companies make profits, workers also have decent lives. All that needs to be curbed is not the legitimate desire for profitable business but the illegitimate greed of some corporations.