I meant to blog about this earlier, the video is from a few weeks ago...but I find situations like this absolutely fascinating. Of course, many in America, the UK, and elsewhere decry these sort of phenomena as destroying domestic job markets, etc. But my answer is, hey, we Westerners said we wanted free trade, and through our eagerness to globalize we've erased the obstacles of physical proximity. Here is what happens when people in other countries are eager to participate in our "free", "open" market, and get so good at it they start to undersell us. Isn't competition supposed to be the driving force of wealth creation in a capitalist system? Then I say, let the games begin.
Monday, April 13, 2009
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