Inflation actually became a problem in Bangalore. And so it goes. It's the inexorable logic of competition in the "free" market: When you can't increase profit by increasing price, you have to cut costs. And the most variable cost, from a global perspective, is labor. Corporations get more bang for the buck shopping around for labor than any other factor under their control. They can play off entire continents against each other, and reap the harvest of maximal profits.
Of course, there's an optimum if it's to be symbiosis rather than parasitism. That's why Tom's gonna stomp Eri and ER for depicting, below, “The winner makes everyone else buy their goods and the rest of the world will be the unemployed and live in excruciating poverty.” You can't suck the consumer completely dry, or there's nobody left to buy your trinkets. So the modern form is a lot subtler than "imperialism", because it's necessary to seduce the victims rather than conquer them. Fat dumb and happy consumers are far more profitable than pissed-off freedom fighters.
It's not really true that democracies never make war on each other. But it is true that consumer societies have a hard time rolling off the couch to fight. I guess this is one path to World Peace, eh?
Current Events » in reply to 80 Million Manufacturing Jobs Lost!
Less than a decade ago, jobs started flowing from India to China, as Indian wages rose.
