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The One Ring Forums: Tolkien Topics: Movie Discussion: The Hobbit: In this world: Edit Log



sharku
Rivendell

Oct 27 2010, 6:49pm


Views: 4071
In this world

Where capital will move to the cheaper labour, and where labour flows to meet the capital, such adjustments will occur in order to achieve the best outcomes. This is one of the cruxes of the anti-globalisation argument - preventing this freedom of exchange or at least trying to ensure it occurs to the benefit, rather than detriment, of people (as opposed to the capital).

This is a phenomenon which is occuring throughout the first world, as capital seeks cheaper labour - hence the rise of China at the expense of US workers, as just one example. The smart money for the next (and last) cheap global labour pool will be Africa - so start investing now. Further along, it has been suggested that the present first world will cyclicly become the cheap labour force for what is now the second world i.e. cheaper UK workers will be manufacturing luxury cars for wealthy Chinese.

In this instance, the capital had the choice to take its ball and leave the playground unless NZ chose to play by its rules. Thus NZ has done. To berate NZ for capitulating or bending over is to minimise the fact that Warner Brothers had other options and would have exercised them, resulting in the NZ film industry remaining principled, but unemployed.

But it is not entirely one way. In industries where the capital is fixed, such as health, the labour moves to meet the money i.e. NZ doctors leave for Australia and better pay and conditions there. The doctors are taking the ball and leaving the playground.

Unless one is able to change the fundamentals of the global system, this sort of paradigm clash and its outcomes are seemingly inevitable.


(This post was edited by sharku on Oct 27 2010, 6:52pm)


Edit Log:
Post edited by sharku (Rivendell) on Oct 27 2010, 6:52pm


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