I must, as a utilitarian and supporter of Laizzez-faire principles, disagree with this idea to shift jobs overseas. The government should first of all not be interfering in the economic business of the citizens. All business owners should be entitled to the control of their own company. Even without government interference outsourcing jobs to other countries would not be beneficial. If we were to outsource jobs to countries with cheaper labor and resources this would drastically reduce the price of the product. This price increase would indeed increase demand for any one product, but our domestic labour force would be unable to purchase these products. They would be unable to purchase these internationally made products because as unemployed citizens they would have no income whatsoever. Therefore this product, though more inexpensively produced, would become useless for the lack of a sufficient buying market. In addition for all products that are imported into our country should be marked with an import tax that goes to our government. This will further protect our economy from undermining foreign production and trade. This will also help further stimulate our already flourishing economy.
Adam Smith (Amin Rajaee)
ReplyDeleteAs I completely approve and like the fact the you are a supporter of laissez-faire economics, I also agree with your opinion on the statement regarding shifting jobs overseas. Free market would help this country grow without the governments help. This approach would most definitely help build our economy. Mr. Spencer, you are a smart man. Stick with this opinion of yours and it will have a positive effect on the future of this economy.