The only way you can live in a world without borders is if the american worker was brought down to the same standard of living as other countries.
Of course that is too abstract of an idea for your average capitalist, but it is basically what happened.
#1 | POSTED BY KUDZU
Too static and simplistic, but perhaps you might understand OpenBorders is no different than FreeTrade, especially when the immigrant sends his/her paycheck backhome.
Capitalist think in terms of dynamic complex adaptive systems; China, India have all raised their standard of living, and the US has continued its rise in standard of living.
It was imminent jobs went overseas, the delta between American factories (labor+factory) cost, and foreign factory costs was too much. So the government allowed our corporations to move overseas; rather than they go under and foreign companies dominate the international landscape.
I see nothing wrong with allowing this export of jobs to keep our factory costs inline, or just above RoW; The issue is its currently going too far the other way, and it needs to stop.
The amelioration of the trade deficit will be problematic from an inflationary perspective, best to keep it high, less the government collapse under the weight of interest and debt.
China didn't steal our jobs Corporate America gave them away because of government regulations. But, that is changing and the libs hate it.
#6 | POSTED BY SNIPER.
This is much closer to the truth, but it wasn't just "regulations", unionization also played part.
I couldn'nt understand why we let computer chip manufacturing, and board manufacturing go so easily and in such a short time.