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A comment on The coming long-run slowdown in corporate profit growth and stock returns. Parent comment

Re:The coming long-run slowdown in corporate profit growth a... by cuteboy19 on Sunday October 30, 2022 @12:25PM (#33395818)
Ok thats just wrong. Many asian countries developed their own competitive industries because the west outsourced some labor there. India/China both followed the same path

Also, have you considered the opinion of the "sweatshop" workers because for them the options are "sweatshop" or not working at all

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Re:The coming long-run slowdown in corporate profit growth a... by wardedVibe on Sunday October 30, 2022 @12:39PM (#33395947)
More accurately, the alternative is continuing to practice subsistence farming, which is not a great alternative.
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Re:The coming long-run slowdown in corporate profit growth a... by Ekaros on Sunday October 30, 2022 @12:37PM (#33395933)
Subsistence farming is what lot of these workers come from. The factories or even sweatshops might not be perfect, but with increased population they are preferable to working fields with all the risks that involve.
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Re:The coming long-run slowdown in corporate profit growth a... by leereeves on Sunday October 30, 2022 @12:35PM (#33395910)
Citing China as an example of the success of globalism and free trade is an interesting choice.

They have a protectionist economy, and it was the most successful economy over the last forty years. China seems to have proven the benefits of protectionism.

And I'm arguing that sweatshop workers would have options other than "'sweatshop' or not working at all" if free trade weren't killing any opportunity they might have to develop local industries.

Their situation is not entirely unlike a small town in America when a WalMart opens, kills the local businesses, and the only remaining jobs are at WalMart.

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