|Dangerous Crime Family Uncovered in Britain||Laffer Curve vs. Phillips Curve|
by Christopher Chantrill
March 11, 2006 at 2:45 pm
HERE IS ASTONISHING news from China. In Shenzhen in south China, they have got themselves a labor shortage, according to Jane Macartney of the London Times.
There are only nine workers available for every ten jobs on offer in Guangdong and the situation is getting worse.
And it is not just that workers are scarce. They are also choosy about where they work.
The days of sweatshop labour may be numbered. Workers have mobile phones and word soon goes round of any mistreatment. Mr Chen said: If you are a profitable company then you must offer good working conditions. The business environment is very different now, and a factory owner cant expect to earn profits out of the mouths of his workers.
Cell-phones, eh. Who knew?
The same thing is happening in India. I talked with an Delhi architect in the fall of 2004 and he said that Indian companies are finding that they cant find enough labor when they open factories near Delhi. So they have to build further out from the big cities.
It seems that in East and South Asia the same cycle that Europe and America experienced is repeating itself, although on a blisteringly fast track. Initially, when industrialization starts, workers are frequently abused and exploited. But after a time, they no longer have to take whatever is on offer, and the exploitation fades away.
How exactly does that work, and how can we adjust institutions to mitigate and minimize the problem? Two hundred and fifty years after the start of the industrial revolution, we still dont really know.
Do labor unions, wage and hour laws, child labor laws really help? We really dont know.
What we do know is that after a period of initial exploitation the workers emerge into prosperity.|
The incentive that impels a man to act is always some uneasiness...
But to make a man act [he must have]
the expectation that purposeful behavior has the power to remove
or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Dorothy L. Sayers, Strong Poison
At first, we thought [the power of the West] was because you had more powerful guns than we had. Then we thought it was because you had the best political system. Next we focused on your economic system. But in the past twenty years, we have realized that the heart of your culture is your religion: Christianity.
David Aikman, Jesus in Beijing
[In the] higher Christian churches... they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm
Civil Societya complex welter of intermediate institutions, including businesses, voluntary associations, educational institutions, clubs, unions, media, charities, and churchesbuilds, in turn, on the family, the primary instrument by which people are socialized into their culture and given the skills that allow them to live in broader society and through which the values and knowledge of that society are transmitted across the generations.
Francis Fukuyama, Trust
In England there were always two sharply opposed middle classes, the academic middle class and the commercial middle class. In the nineteenth century, the academic middle class won the battle for power and status... Then came the triumph of Margaret Thatcher... The academics lost their power and prestige and... have been gloomy ever since.
Freeman Dyson, The Scientist as Rebel
Conservatism is the philosophy of society. Its ethic is fraternity and its characteristic is authority the non-coercive social persuasion which operates in a family or a community. It says we should....
Danny Kruger, On Fraternity
What distinguishes true Conservatism from the rest, and from the Blair project, is the belief in more personal freedom and more market freedom, along with less state intervention... The true Third Way is the Holy Grail of Tory politics today - compassion and community without compulsion.
Minette Marrin, The Daily Telegraph
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all.
In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism
There was nothing new about the Frankish drive to the east... [let] us recall that the continuance of their rule depended upon regular, successful, predatory warfare.
Richard Fletcher, The Barbarian Conversion
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State