PIIGS R’ us?

[Coronita]

delete

[davelj]

[quote=jpinpb][quote=outtamojo] Besides, if as Davelj pointed out, Mexicans living in Mexico can be happier than Americans living in the U.S, we are doing something wrong : )[/quote]

That explains why so many Mexicans are risking their lives to come here. They are so happy they can’t stand it.[/quote]

That study was obviously reporting averages. The “average” Mexican has little desire to immigrate to the U.S. – they like living in Mexico. The average Mexican that crosses into the U.S. illegally is in the bottom quintile of Mexico’s economic spectrum… and not particularly happy (obviously). Just to clarify.

[davelj]

[quote=jpinpb][quote=outtamojo] Besides, if as Davelj pointed out, Mexicans living in Mexico can be happier than Americans living in the U.S, we are doing something wrong : )[/quote]

That explains why so many Mexicans are risking their lives to come here. They are so happy they can’t stand it.[/quote]

That study was obviously reporting averages. The “average” Mexican has little desire to immigrate to the U.S. – they like living in Mexico. The average Mexican that crosses into the U.S. illegally is in the bottom quintile of Mexico’s economic spectrum… and not particularly happy (obviously). Just to clarify.

[davelj]

[quote=jpinpb][quote=outtamojo] Besides, if as Davelj pointed out, Mexicans living in Mexico can be happier than Americans living in the U.S, we are doing something wrong : )[/quote]

That explains why so many Mexicans are risking their lives to come here. They are so happy they can’t stand it.[/quote]

That study was obviously reporting averages. The “average” Mexican has little desire to immigrate to the U.S. – they like living in Mexico. The average Mexican that crosses into the U.S. illegally is in the bottom quintile of Mexico’s economic spectrum… and not particularly happy (obviously). Just to clarify.

[davelj]

[quote=jpinpb][quote=outtamojo] Besides, if as Davelj pointed out, Mexicans living in Mexico can be happier than Americans living in the U.S, we are doing something wrong : )[/quote]

That explains why so many Mexicans are risking their lives to come here. They are so happy they can’t stand it.[/quote]

That study was obviously reporting averages. The “average” Mexican has little desire to immigrate to the U.S. – they like living in Mexico. The average Mexican that crosses into the U.S. illegally is in the bottom quintile of Mexico’s economic spectrum… and not particularly happy (obviously). Just to clarify.

[davelj]

[quote=jpinpb][quote=outtamojo] Besides, if as Davelj pointed out, Mexicans living in Mexico can be happier than Americans living in the U.S, we are doing something wrong : )[/quote]

That explains why so many Mexicans are risking their lives to come here. They are so happy they can’t stand it.[/quote]

That study was obviously reporting averages. The “average” Mexican has little desire to immigrate to the U.S. – they like living in Mexico. The average Mexican that crosses into the U.S. illegally is in the bottom quintile of Mexico’s economic spectrum… and not particularly happy (obviously). Just to clarify.

[jpinpb]

Do you think that besides the Mexicans illegally haibitating in the US there may be some living in Mexico enjoy the lower cost of living compared to the US, but that commute regularly to the US to earn more than they would make in Mexico.

We are getting hit all over the place and people act like it’s no big deal. Bothers me that people are so oblivious and unconcerned.

[jpinpb]

Do you think that besides the Mexicans illegally haibitating in the US there may be some living in Mexico enjoy the lower cost of living compared to the US, but that commute regularly to the US to earn more than they would make in Mexico.

We are getting hit all over the place and people act like it’s no big deal. Bothers me that people are so oblivious and unconcerned.

[jpinpb]

Do you think that besides the Mexicans illegally haibitating in the US there may be some living in Mexico enjoy the lower cost of living compared to the US, but that commute regularly to the US to earn more than they would make in Mexico.

We are getting hit all over the place and people act like it’s no big deal. Bothers me that people are so oblivious and unconcerned.

[jpinpb]

Do you think that besides the Mexicans illegally haibitating in the US there may be some living in Mexico enjoy the lower cost of living compared to the US, but that commute regularly to the US to earn more than they would make in Mexico.

We are getting hit all over the place and people act like it’s no big deal. Bothers me that people are so oblivious and unconcerned.

[jpinpb]

Do you think that besides the Mexicans illegally haibitating in the US there may be some living in Mexico enjoy the lower cost of living compared to the US, but that commute regularly to the US to earn more than they would make in Mexico.

We are getting hit all over the place and people act like it’s no big deal. Bothers me that people are so oblivious and unconcerned.

[briansd1]

[quote=Arraya]
Doing business with brutal regimes is not something we are shy about. They only become “evil” if they somehow inhibit or threaten capital accumulation of the upper echelons. If they aid in capital accumulation, it’s not a problem. That is the litmus test, not any professed ideology. There is a systemic contradiction today, where the upper .1% of the US interests are more aligned with the average Chinese than the average american. ITS AS SIMPLE AS THAT.[/quote]

I believe it’s a little different.

The key is the turnover of capital.

Thanks to relative peace around the world, there’s actually a glut of capital. Central banks around the world have made sure that their companies don’t lack capital.

America used to be the repository of capital but that’s much less so now. Chinese, Indian, Brazilian companies have the capital to expand and their governments have industrial policies to create corporate champions. The Europeans all have industrial policies.

In America, we lack an industrial policy because we waste time arguing over ideology rather than do what’s good for us.

The auto bailouts for sure were good for America and saved American jobs.

[briansd1]

[quote=Arraya]
Doing business with brutal regimes is not something we are shy about. They only become “evil” if they somehow inhibit or threaten capital accumulation of the upper echelons. If they aid in capital accumulation, it’s not a problem. That is the litmus test, not any professed ideology. There is a systemic contradiction today, where the upper .1% of the US interests are more aligned with the average Chinese than the average american. ITS AS SIMPLE AS THAT.[/quote]

I believe it’s a little different.

The key is the turnover of capital.

Thanks to relative peace around the world, there’s actually a glut of capital. Central banks around the world have made sure that their companies don’t lack capital.

America used to be the repository of capital but that’s much less so now. Chinese, Indian, Brazilian companies have the capital to expand and their governments have industrial policies to create corporate champions. The Europeans all have industrial policies.

In America, we lack an industrial policy because we waste time arguing over ideology rather than do what’s good for us.

The auto bailouts for sure were good for America and saved American jobs.

[briansd1]

[quote=Arraya]
Doing business with brutal regimes is not something we are shy about. They only become “evil” if they somehow inhibit or threaten capital accumulation of the upper echelons. If they aid in capital accumulation, it’s not a problem. That is the litmus test, not any professed ideology. There is a systemic contradiction today, where the upper .1% of the US interests are more aligned with the average Chinese than the average american. ITS AS SIMPLE AS THAT.[/quote]

I believe it’s a little different.

The key is the turnover of capital.

Thanks to relative peace around the world, there’s actually a glut of capital. Central banks around the world have made sure that their companies don’t lack capital.

America used to be the repository of capital but that’s much less so now. Chinese, Indian, Brazilian companies have the capital to expand and their governments have industrial policies to create corporate champions. The Europeans all have industrial policies.

In America, we lack an industrial policy because we waste time arguing over ideology rather than do what’s good for us.

The auto bailouts for sure were good for America and saved American jobs.

[briansd1]

[quote=Arraya]
Doing business with brutal regimes is not something we are shy about. They only become “evil” if they somehow inhibit or threaten capital accumulation of the upper echelons. If they aid in capital accumulation, it’s not a problem. That is the litmus test, not any professed ideology. There is a systemic contradiction today, where the upper .1% of the US interests are more aligned with the average Chinese than the average american. ITS AS SIMPLE AS THAT.[/quote]

I believe it’s a little different.

The key is the turnover of capital.

Thanks to relative peace around the world, there’s actually a glut of capital. Central banks around the world have made sure that their companies don’t lack capital.

America used to be the repository of capital but that’s much less so now. Chinese, Indian, Brazilian companies have the capital to expand and their governments have industrial policies to create corporate champions. The Europeans all have industrial policies.

In America, we lack an industrial policy because we waste time arguing over ideology rather than do what’s good for us.

The auto bailouts for sure were good for America and saved American jobs.

[Author]

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