ACORN

[eppie]

Sorry, you are the one who is wrong. If one person making $100/hour can make 100 widgets per hour due to efficiency of process, as opposed to 100 people paid $1/hour who make one widget per hour, then associative property of mathematics remains true. People * Wage / Product = (Nearly constant),

What is that calculation proving? I can do the same; one person makes 10 widgets per hour for 100$ and in another country the makes 5 an hour for 1$/pph So that means 10 widget vs 500 widgets.

Again, Pete's example seems to point at China, but China is a bad example and for sure not a country Zenda was thinking about when writing his reaction. I understood it and I think Pete understood it as well, but he just like to rant about how stupid other people are.
China or Russia, although having much lower standards (the points mentioned by Pete) but are strong enough economies themselves. If the US or Europe start pissing of China, we will get as least the same amount of problems the Chinese get.
Many countries (among which China) have been developing helped by investments from the West (we have been discussing that often here), but many others mainly in Africa suffer from the 'closed' markets. We are of course not talking about the production of childrens toys here, but about agricultural products (mentioned in zenda's last paragraph).