Reply #139: Globalization has atleast benefited Canada, China and India. [View All]

[lostinacause]

China is the nation that has likely benefited the most both economically and non-economically.

As for the prices being too high. If the labour costs are not competitive with other nations then companies will inevitably move some of the operations to other countries to remain competitive. If they don't (whether it is by choice or through intervention) then companies from other countries will have a competitive advantage and take market share resulting in the jobs being lost anyway.

Ideally an American should find a way to become more productive or relocate to an industry/profession where America is able to compete more effectively. As I have said and continue to repeat; the government should have some sort of roll in this especially if education and skill development is not being done elsewhere.

I believe that companies are going to eventually stop moving to the lowest bidder. There are hidden costs associated with that behavior in the long run. Cheap labour does not diminish the importance of human resources.

Yes, something should be done about health care costs. Privatizing it would prove difficult and even if it were possible problems with the high cost of prescription drugs would still exist.