Tuesday, March 6, 2012
Global Poverty Declining?
There is no one definition of poverty. Poverty in the US is defined by the federal government and what you are calling "real" poverty is really defined in economics as "Absolute" poverty. Just because someone doesn't fit the definition of absolute poverty does not mean that they do not live in poverty. In fact the article talks about wages and not accounting for anything like people selling public trash or bottles. It is talking about people who earn less than $2 a day. With minimum wage laws, we cannot earn less than $2 a day without earning nothing and because of these laws, many people who could be paid more than that are kept in poverty earning nothing except what is received from charity.
One fact about the world that is not nearly well-known enough is how much things are improving across most of the developing world, and how fast. China alone has lifted several hundred million people - more than the entire population of the U.S. - out of extreme poverty, and even more into the middle class. India continues to do so as well. Most of the fastest-growing economies in the world are actually in Africa, where living standards are rising rapidly. Permanent, structural improvement does not happen in great leaps. It happens over time, with slow, gradual growth, with hiccups along the way. That's how it happened in every developed country in its own history. That's how it's happening today in countries that are just now developing. And their development is a win-win for them and us. Don't be seduced by the foolish "us or them" economic growth narrative - as India, China and Brazil thrive, their newly open markets provide opportunities for us as well. Good news.
Tuesday, January 24, 2012
How "The Pirate Bay" Operates
The Pirate Bay doesn't operate by actually hosting the files, yet neither did Napster and look where they ended up. The Pirate Bay was designed for people who actively go looking for free copyrighted material and actively encourages it.The Pirate Bay is a platform for people to search for pirated material. There's a big difference between most torrent sites and TPB: most sites use ad revenue to pay for hardware costs, and have little left over for anything else; TPB is commercial site that uses others IP's for its own profit, and solely for its own profit. It's made a business out of duping people into believing that it agrees with their "cause".
Tuesday, January 3, 2012
Trade With North Korea. Beneficial?
Trade inevitably opens lines of communication between cultures. History shows many examples. At one time we had isolated ourselves from all of Eastern Europe and China. Once we began to interact commercially, slowly our peoples began to become less fearful of one another and the changes that occurred you can see today. I don't see anything positive in isolating North Korea. Their starving people are unwilling or unable to overthrow their government. Letting them see how the rest of the world lives will bring the changes we seek. Cuba is another example of how economic isolation accomplished nothing of value. You'd think we'd learn but here we go again with Iran.
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