Hey BPO, what do you see USA contributing to the world economy 887

indiaBPOking

In regards to your other posting, much of what you refer to there is not sufficient to maintain a working economy. Most of those industries are superficial, and highly dependent on world trends. The growth of the same industries in other countries is a byproduct of local social demands. Bollywood clearly shows this in regards to India.

R&D is largely a function of having investment dollars to put into that knowledge gathering and creation, so that in the long run it will permit economic growth through production of new items in the country concerned. Since India and China happily steal such technology and knowledge, and illegally copy intellectual property, there will be no gain from R&D here until laws are enacted to keep out immigrants from our universities. When that happens those countries will become even more hostile to the first world nations.

Your points may make sense to you, but your logic is faulty. You are not looking at the long term effects.

So we should put a bingo hall and casinos in every town...Hmmmmm.

Again superficial. Most online gaming now is done from outside of the USA so as to get around taxes, laws concerning addiction, and also the bigger problem of criminal mafia organizations that built and still own most of this industry. Online gaming is replacing places like Vegas, hence why Vegas tried to turn itself into disney land. But such strategy will not last.

Gaming as a source of entertainment is also a devolving industry as much of the content work is moving to Korea and India, and in some cases Taiwan. Animators here are quickly joining the ranks of the dispossessed.

Computer people who make these games and blackbox game platforms are all being moved overseas, or in the case of Canada they are software and firmware sweatshops full of immigrants or youth who work for cheap.

I know this from personal experience.

That will only last as long as America is seen as a stable place to invest money. With the coming economic meltdown the money will move to the EU, and North America will have its financial giants suffer. Actually the whole world will suffer, but again you fail to consider this.

The banking industry in Canada is an example. In the never ending search for greed the banks here are seeking to merge so that they can fire more of their employees, accumulate buttets to seem bigger, and then become more "international". Recent scandals with banks like CIBC clearly show where this is heading. This has already happened in the insurance industry here. One of the reasons why many pensions are in danger, as investment in insurance companies is seen as "concrete". Insurance rates that are increasing in Canada (in some cases over 800%) are an attempt by the dwindling industry to reverse their profit margins in this regard. The long term result will be that the Consumer Debt is being extorted.

Again your logic is superficial.

Tourism has been down since 9-11. The exception is from Europeans (Germans) and South Africans. Americans also come to Canada and they with the other foriegners are buying up land here, which is causing taxes to increase, and destroying blue collar families who have to liquidate because they cannot afford property taxes.

Saudis and Chinese are buying up Canadian Resource companies at an alarming rate. The Canadian government (which is blind and stupid) is fast tracking many of these sales, even though Canadian laws on foriegn ownership are being ignored. Many resource based industries here are hemoragging people at an alarming rate as it is cheaper to ship raw materials to China for processing then it is to do it here. That clearly illustrates the imbalance.

Tourists or what is called "seasonal occupants" are not helping local muncipal economies, but destroying them, as they are eroding the tax base due to only paying taxes for the months they are here. The current laws in most Canadian Municipal acts forbid towns or cities to change the laws to remedy this (by increasing taxes to foriegners). The changes must come from Otttawa, but of course the corrupt federal government will do nothing about this. My town is dying for this reason as well as the local resources being shipped to foreign countries, hence plants here have all shut down or reduced staff to minimal levels.

Tourism numbers are in fact down, not up.

Again, your facts are wrong and your logic faulty.

We have opened our eyes and realized that free trade laws are not about fairness but about maximizing the profits of the greedy. The common worker is a slave in India, and the common worker in America is on the road to slavery. We are all being force to work for slave wages, unable to deal with any personal debts, and on the near road to poverty. Withing five years the real estate bubbles in some parts of this country will collapse as the did in the early nineties, and for the exact same reasons. Then many will walk away from their primary investment source now, which is real estate. The domino effect will be enormous spikes in poverty, which will drop Consumer Debt spending and drop wages even more.

Perhaps you should own your eyes.

If the long term goal were in fact fair growth of foriegn economies to bring them upto speed with first world nations, then the methods employed would be different then what is occurring. If you think the rich will let the citizens of India benefit from this then you are dreaming. The benefits you see are short term. The rich will not stop the race to the bottom as they are too blind to see they are sinking the entire ship. Apparently with many of your arguments, you are as well.

No offense, but something to ponder BPO.