| Amine Moulay Ramdane <aminer68@gmail.com>: Dec 28 05:12PM -0800 Hello, More of my philosophy about correctness and about the financial sector and more.. I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms.. I think i am smart and i have just looked at the following interesting video, and i invite you to look carefully at it: Financial Market: What Would the Next Crisis Look Like https://www.youtube.com/watch?v=WDUpqLT7NHw So i have just explained, read below, what's the problem with the financial sector, and i just said that we have not to make again the mistakes in the financial sector from toxic assets and from "bad loans", so we have to "higher" the standards of the loans etc. in the financial sector, but by looking at the above video, i have just noticed that the problem is that the financial sector is also internationally a competitive process of taking Risk so that to be successful, so that means that currently the financial sectors of different regions like in Asia and Europe and USA are looking at each others, and when a region is taking more Risk than the others and it become successful by taking this Risk, this forces the other financial sectors regions to be competitive by taking those kind of Risks so that to be successful, so then it is a like a software "bug" in the financial sector that can cause another crisis or big crisis, so i think that the financial sector has become a kind of "monopoly" that is having an important weight in the decision process and this makes politics unable to act and correct the problem or the "bug". And read my previous thoughts so that to understand more: More of my philosophy about the financial sector and more.. I invite you to read the following interesting paper from the Journal of Economic Perspectives, that i have just read carefully, about "The Growth of Finance" by Robin Greenwood and David Scharfstein: https://www.hbs.edu/ris/Publication%20Files/Growth%20of%20Finance_6ec86a21-8e68-4abc-bb09-45abaacd7be5.pdf I think i am smart, and i say that i think there is a problem with the financial sector and it is that in the first theoretical implementation of the financial sector was that a primary function of the financial sector is to dampen the effects of risk by reallocating it efficiently to parties that can bear risks the most easily (read about it on the paper of Merton and Bodie 1995), but there was some practical constraints in the reality and it was about the benefits of expanding access to mortgage credit, there are a number of societal costs from such an expansion, including instability from excessive household leverage. Moreover, the shadow banking system that facilitated this expansion made the financial system more fragile. And it was also the cause of the financial USA crisis of the 2007-2009 that began years earlier with cheap credit and lax lending standards that fueled a housing bubble, so i think that we have not to make again those mistakes in the financial sector from toxic assets and from "bad loans", so we have to "higher" the standards of the loans etc. in the financial sector. And here is my other thoughts about the other problem of financial sector: And here is how i will explain it more, look at Financial sector, so you can understand more capitalism and the mechanism of diversity that brings "resilience" and that needs a good allocation of resources in capitalism by reading my following thoughts: The biggest benefit of finance, is to provide opportunities to people, in the sense that in a world where there is no finance, the only way to start a company is to be born rich or to have saved for a long time. In a world where finance works well, the people with talent can actually start firms and reach their dreams without waiting to either have saved the money, or be lucky and receive it from their parents, and once you create this opportunity, you will have the most talented people take advantage of those opportunities, which favors growth, which favors a good allocation of resources and, ultimately, innovation. But we have to know what is the problem with finance, and here it is, read the following so that to understand: One last chance to fix capitalism Read more here: https://hbr.org/2020/03/one-last-chance-to-fix-capitalism So i invite you to look at the following video about capitalism: How to Improve Capitalism https://www.youtube.com/watch?v=YOaJe68C-bU So as you notice in the above video that you can also fix capitalism by giving voting rights and tax advantages to long-term shareholders and not by raising taxes, and you need to have sovereign wealth funds and national pension funds representative of the long term collective interests etc, so i invite you to look the above video of "How to improve capitalism" so that to understand more. And if you want to know more about my views on capitalism, read them here: https://groups.google.com/g/alt.culture.morocco/c/cf3Wa4z8Xmc More of my philosophy about Geopolitics and about USA and more.. So read the following: "In 2019, exports of goods and services from the United States made up about 11.73 percent of its gross domestic product (GDP). This is an increase from 9.23 percent of the GDP of the United States in 1990. Jun. 29, 2021" So as you are noticing that the exports of USA are around 12% of GDP in 2021, and it is a standardized number, so if you say that the problem of USA is that it has to know how to protect its goods and services, i mean that USA has to know how to protect this 88% of goods and services by knowing how to be a smart "protectionism", i think that it is not the good way and here is what i say about it: More philosophy about protectionism and USA and more.. I think we have to be careful about protectionism, since read the following: "Protectionist policies impose an additional cost and loss on all parties. First of all, domestic consumers must pay a higher price for goods. At the same time, importers face a decline in demand, so international jobs are lost. For instance, the US-China trade war meant that US consumers paid a higher price whilst demand for Chinese workers is reduced. So the Chinese unemployment increases and US consumers pay more. However, the counter-argument is that it saves US jobs and businesses. Now there is some validity to that claim. If the money sent to China doesn't come back in either demand for US goods, or FDI, then the argument can be validated. However, the reality of the situation is that when a US consumer buys cheaper Chinese goods, that money goes to a Chinese exporter. That money doesn't stay with them indefinitely. It makes its way back to the US through either demand for its goods or in FDI. What we see as a result is that Chinese demand drives employment in other industries. So jobs that may have been lost in one industry, are being created in another. At the same time, the FDI inflows also create employment in the relevant industry. Although there is disruption, there is a net positive gain in the long term. Employees will have to shift to new industries, but the average consumer benefits from lower prices. By contrast, the only winner under protectionism is specific domestic workers. However, they too are consumers and consequently lose out too. Is Protectionism Good For The Economy? In the long-run, protectionism is not good for the economy. It makes consumers and businesses pay more. And whilst it may protect jobs in the short-term, the economy as a whole would be better served in allowing cheaper imports in. Although this may temporarily destroy some jobs, consumers benefit from lower prices. In turn, the income that would have been spent on the goods before can now be spent in other markets. In turn, employment is stimulated elsewhere in the economy." Read more here: https://boycewire.com/protectionism-definition-and-types/ So what is the smart way of doing so that to not be protectionism? Here it is: First I think that protectionism is not good, and i think that Trade Adjustment Assistance etc. is a better way of solving problems, so i invite you to read the following article to know more: https://theconversation.com/international-trade-has-cost-americans-millions-of-jobs-investing-in-communities-might-offset-those-losses-143406 And read more here about Trade Adjustment Assistance: https://en.wikipedia.org/wiki/Trade_Adjustment_Assistance And notice that i think that USA is economically in a good shape, since read my following thoughts so that to notice it And about the US Debt Crisis, i think it is not so problematic, since USA economy is well diversified and powerful economy that is really resilient, and you can read more about it here in the following article: The Surprising Truth About the US Debt Crisis https://www.thebalance.com/us-debt-crisis-summary-timeline-and-solutions-3306288 Also I think that USA will still be a super power in the future, and i say that we can not compare USA to China, since China has many defects like the "productivity" of China is not good both qualitatively and quantitatively, and China has a debt problem, so China is constrained by this factor of its debt problem, so China can not attain the level of productivity both quantitatively and qualitatively of that of USA in the near to medium future. But the productivity of USA is good both qualitatively and quantitatively, and China has other problems such as the quality of education of its workforce is much less than that of USA, this is why China is also lacking much in productivity both qualitatively and quantitatively. And you can look at the following video so that to understand more: Why won't China Surpass the United States? - VisualPolitik EN https://www.youtube.com/watch?v=ZqowS-hlZ3M Also as I have just explained above, that Donald Trump protectionism is not good, and i think that Donald Trump was not thinking correctly, since around 85% of jobs losses in the manufacturing sector in USA was caused by automation and not by China or such as were thinking it the people who elected Donald Trump, and you can look at the following video that make you understand that automation also has advantages: https://www.youtube.com/watch?v=D-rd3kW7Bc8 Following are some of the advantages of automation: 1. Automation is the key to the shorter workweek. Automation will allow the average number of working hours per week to continue to decline, thereby allowing greater leisure hours and a higher quality life. 2. Automation brings safer working conditions for the worker. Since there is less direct physical participation by the worker in the production process, there is less chance of personal injury to the worker. 3. Automated production results in lower prices and better products. It has been estimated that the cost to machine one unit of product by conventional general-purpose machine tools requiring human operators may be 100 times the cost of manufacturing the same unit using automated mass-production techniques. The electronics industry offers many examples of improvements in manufacturing technology that have significantly reduced costs while increasing product value (e.g., colour TV sets, stereo equipment, calculators, and computers). 4. The growth of the automation industry will itself provide employment opportunities. This has been especially true in the computer industry, as the companies in this industry have grown (IBM, Digital Equipment Corp., Honeywell, etc.), new jobs have been created. These new jobs include not only workers directly employed by these companies, but also computer programmers, systems engineers, and other needed to use and operate the computers. 5. Automation is the only means of increasing standard of living. Only through productivity increases brought about by new automated methods of production, it is possible to advance standard of living. Granting wage increases without a commensurate increase in productivity will results in inflation. To afford a better society, it is a must to increase productivity. And the education system of USA is not so bad as we can think and you can read about it here: America's Not-So-Broken Education System Read more here: https://www.theatlantic.com/education/archive/2016/06/everything-in-american-education-is-broken/488189/ Also Let's look for example at USA, so read the following from Jonathan Wai that is a Ph.D., it says: "Heiner Rindermann and James Thompson uncovered that the "smart fraction" of a country is quite influential in impacting the performance of that country, for example, its GDP." And it also says the following: ""According to recent population estimates, there are about eight Chinese and Indians for every American in the top 1 percent in brains." But consider that the U.S. benefits from the smart fractions of every other country in the world because it continues to serve as a magnet for brainpower, something that is not even factored into these rankings. What these rankings clearly show is America is likely still in the lead in terms of brainpower. And this is despite the fact federal funding for educating our smart fraction is currently zero. Everyone seems worried Americans are falling behind, but this is because everyone is focusing on average and below average people. Maybe it's time we started taking a closer look at the smartest people of our own country." Read more here: https://www.psychologytoday.com/us/blog/finding-the-next-einstein/201312/whats-the-smartest-country-in-the-world So as you are noticing it's immigrants(and there are about eight Chinese and Indians for every American in the top 1 percent in brains) that are making USA a rich country. And read also the following to understand more: Why Silicon Valley Wouldn't Work Without Immigrants There are many theories for why immigrants find so much success in tech. Many American-born tech workers point out that there is no shortage of American-born employees to fill the roles at many tech companies. Researchers have found that more than enough students graduate from American colleges to fill available tech jobs. Critics of the industry's friendliness toward immigrants say it comes down to money — that technology companies take advantage of visa programs, like the H-1B system, to get foreign workers at lower prices than they would pay American-born ones. But if that criticism rings true in some parts of the tech industry, it misses the picture among Silicon Valley's top companies. One common misperception of Silicon Valley is that it operates like a factory; in that view, tech companies can hire just about anyone from anywhere in the world to fill a particular role. But today's most ambitious tech companies are not like factories. They're more like athletic teams. They're looking for the LeBrons and Bradys — the best people in the world to come up with some brand-new, never-before-seen widget, to completely reimagine what widgets should do in the first place. "It's not about adding tens or hundreds of thousands of people into manufacturing plants," said Aaron Levie, the co-founder and chief executive of the cloud-storage company Box. "It's about the couple ideas that are going to be invented that are going to change everything." Why do tech honchos believe that immigrants are better at coming up with those inventions? It's partly a numbers thing. As the tech venture capitalist Paul Graham has pointed out, the United States has only 5 percent of the world's population; it stands to reason that most of the world's best new ideas will be thought up by people who weren't born here. If you look at some of the |
| Amine Moulay Ramdane <aminer68@gmail.com>: Dec 28 03:51PM -0800 Hello, More of my philosophy about the financial sector and more.. I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms.. I invite you to read the following interesting paper from the Journal of Economic Perspectives, that i have just read carefully, about "The Growth of Finance" by Robin Greenwood and David Scharfstein: https://www.hbs.edu/ris/Publication%20Files/Growth%20of%20Finance_6ec86a21-8e68-4abc-bb09-45abaacd7be5.pdf I think i am smart, and i say that i think there is a problem with the financial sector and it is that in the first theoretical implementation of the financial sector was that a primary function of the financial sector is to dampen the effects of risk by reallocating it efficiently to parties that can bear risks the most easily (read about it on the paper of Merton and Bodie 1995), but there was some practical constraints in the reality and it was about the benefits of expanding access to mortgage credit, there are a number of societal costs from such an expansion, including instability from excessive household leverage. Moreover, the shadow banking system that facilitated this expansion made the financial system more fragile. And it was also the cause of the financial USA crisis of the 2007-2009 that began years earlier with cheap credit and lax lending standards that fueled a housing bubble, so i think that we have not to make again those mistakes in the financial sector from toxic assets and from "bad loans", so we have to "higher" the standards of the loans etc. in the financial sector. And here is my other thoughts about the other problem of financial sector: And here is how i will explain it more, look at Financial sector, so you can understand more capitalism and the mechanism of diversity that brings "resilience" and that needs a good allocation of resources in capitalism by reading my following thoughts: The biggest benefit of finance, is to provide opportunities to people, in the sense that in a world where there is no finance, the only way to start a company is to be born rich or to have saved for a long time. In a world where finance works well, the people with talent can actually start firms and reach their dreams without waiting to either have saved the money, or be lucky and receive it from their parents, and once you create this opportunity, you will have the most talented people take advantage of those opportunities, which favors growth, which favors a good allocation of resources and, ultimately, innovation. But we have to know what is the problem with finance, and here it is, read the following so that to understand: One last chance to fix capitalism Read more here: https://hbr.org/2020/03/one-last-chance-to-fix-capitalism So i invite you to look at the following video about capitalism: How to Improve Capitalism https://www.youtube.com/watch?v=YOaJe68C-bU So as you notice in the above video that you can also fix capitalism by giving voting rights and tax advantages to long-term shareholders and not by raising taxes, and you need to have sovereign wealth funds and national pension funds representative of the long term collective interests etc, so i invite you to look the above video of "How to improve capitalism" so that to understand more. And if you want to know more about my views on capitalism, read them here: https://groups.google.com/g/alt.culture.morocco/c/cf3Wa4z8Xmc More of my philosophy about Geopolitics and about USA and more.. So read the following: "In 2019, exports of goods and services from the United States made up about 11.73 percent of its gross domestic product (GDP). This is an increase from 9.23 percent of the GDP of the United States in 1990. Jun. 29, 2021" So as you are noticing that the exports of USA are around 12% of GDP in 2021, and it is a standardized number, so if you say that the problem of USA is that it has to know how to protect its goods and services, i mean that USA has to know how to protect this 88% of goods and services by knowing how to be a smart "protectionism", i think that it is not the good way and here is what i say about it: More philosophy about protectionism and USA and more.. I think we have to be careful about protectionism, since read the following: "Protectionist policies impose an additional cost and loss on all parties. First of all, domestic consumers must pay a higher price for goods. At the same time, importers face a decline in demand, so international jobs are lost. For instance, the US-China trade war meant that US consumers paid a higher price whilst demand for Chinese workers is reduced. So the Chinese unemployment increases and US consumers pay more. However, the counter-argument is that it saves US jobs and businesses. Now there is some validity to that claim. If the money sent to China doesn't come back in either demand for US goods, or FDI, then the argument can be validated. However, the reality of the situation is that when a US consumer buys cheaper Chinese goods, that money goes to a Chinese exporter. That money doesn't stay with them indefinitely. It makes its way back to the US through either demand for its goods or in FDI. What we see as a result is that Chinese demand drives employment in other industries. So jobs that may have been lost in one industry, are being created in another. At the same time, the FDI inflows also create employment in the relevant industry. Although there is disruption, there is a net positive gain in the long term. Employees will have to shift to new industries, but the average consumer benefits from lower prices. By contrast, the only winner under protectionism is specific domestic workers. However, they too are consumers and consequently lose out too. Is Protectionism Good For The Economy? In the long-run, protectionism is not good for the economy. It makes consumers and businesses pay more. And whilst it may protect jobs in the short-term, the economy as a whole would be better served in allowing cheaper imports in. Although this may temporarily destroy some jobs, consumers benefit from lower prices. In turn, the income that would have been spent on the goods before can now be spent in other markets. In turn, employment is stimulated elsewhere in the economy." Read more here: https://boycewire.com/protectionism-definition-and-types/ So what is the smart way of doing so that to not be protectionism? Here it is: First I think that protectionism is not good, and i think that Trade Adjustment Assistance etc. is a better way of solving problems, so i invite you to read the following article to know more: https://theconversation.com/international-trade-has-cost-americans-millions-of-jobs-investing-in-communities-might-offset-those-losses-143406 And read more here about Trade Adjustment Assistance: https://en.wikipedia.org/wiki/Trade_Adjustment_Assistance And notice that i think that USA is economically in a good shape, since read my following thoughts so that to notice it And about the US Debt Crisis, i think it is not so problematic, since USA economy is well diversified and powerful economy that is really resilient, and you can read more about it here in the following article: The Surprising Truth About the US Debt Crisis https://www.thebalance.com/us-debt-crisis-summary-timeline-and-solutions-3306288 Also I think that USA will still be a super power in the future, and i say that we can not compare USA to China, since China has many defects like the "productivity" of China is not good both qualitatively and quantitatively, and China has a debt problem, so China is constrained by this factor of its debt problem, so China can not attain the level of productivity both quantitatively and qualitatively of that of USA in the near to medium future. But the productivity of USA is good both qualitatively and quantitatively, and China has other problems such as the quality of education of its workforce is much less than that of USA, this is why China is also lacking much in productivity both qualitatively and quantitatively. And you can look at the following video so that to understand more: Why won't China Surpass the United States? - VisualPolitik EN https://www.youtube.com/watch?v=ZqowS-hlZ3M Also as I have just explained above, that Donald Trump protectionism is not good, and i think that Donald Trump was not thinking correctly, since around 85% of jobs losses in the manufacturing sector in USA was caused by automation and not by China or such as were thinking it the people who elected Donald Trump, and you can look at the following video that make you understand that automation also has advantages: https://www.youtube.com/watch?v=D-rd3kW7Bc8 Following are some of the advantages of automation: 1. Automation is the key to the shorter workweek. Automation will allow the average number of working hours per week to continue to decline, thereby allowing greater leisure hours and a higher quality life. 2. Automation brings safer working conditions for the worker. Since there is less direct physical participation by the worker in the production process, there is less chance of personal injury to the worker. 3. Automated production results in lower prices and better products. It has been estimated that the cost to machine one unit of product by conventional general-purpose machine tools requiring human operators may be 100 times the cost of manufacturing the same unit using automated mass-production techniques. The electronics industry offers many examples of improvements in manufacturing technology that have significantly reduced costs while increasing product value (e.g., colour TV sets, stereo equipment, calculators, and computers). 4. The growth of the automation industry will itself provide employment opportunities. This has been especially true in the computer industry, as the companies in this industry have grown (IBM, Digital Equipment Corp., Honeywell, etc.), new jobs have been created. These new jobs include not only workers directly employed by these companies, but also computer programmers, systems engineers, and other needed to use and operate the computers. 5. Automation is the only means of increasing standard of living. Only through productivity increases brought about by new automated methods of production, it is possible to advance standard of living. Granting wage increases without a commensurate increase in productivity will results in inflation. To afford a better society, it is a must to increase productivity. And the education system of USA is not so bad as we can think and you can read about it here: America's Not-So-Broken Education System Read more here: https://www.theatlantic.com/education/archive/2016/06/everything-in-american-education-is-broken/488189/ Also Let's look for example at USA, so read the following from Jonathan Wai that is a Ph.D., it says: "Heiner Rindermann and James Thompson uncovered that the "smart fraction" of a country is quite influential in impacting the performance of that country, for example, its GDP." And it also says the following: ""According to recent population estimates, there are about eight Chinese and Indians for every American in the top 1 percent in brains." But consider that the U.S. benefits from the smart fractions of every other country in the world because it continues to serve as a magnet for brainpower, something that is not even factored into these rankings. What these rankings clearly show is America is likely still in the lead in terms of brainpower. And this is despite the fact federal funding for educating our smart fraction is currently zero. Everyone seems worried Americans are falling behind, but this is because everyone is focusing on average and below average people. Maybe it's time we started taking a closer look at the smartest people of our own country." Read more here: https://www.psychologytoday.com/us/blog/finding-the-next-einstein/201312/whats-the-smartest-country-in-the-world So as you are noticing it's immigrants(and there are about eight Chinese and Indians for every American in the top 1 percent in brains) that are making USA a rich country. And read also the following to understand more: Why Silicon Valley Wouldn't Work Without Immigrants There are many theories for why immigrants find so much success in tech. Many American-born tech workers point out that there is no shortage of American-born employees to fill the roles at many tech companies. Researchers have found that more than enough students graduate from American colleges to fill available tech jobs. Critics of the industry's friendliness toward immigrants say it comes down to money — that technology companies take advantage of visa programs, like the H-1B system, to get foreign workers at lower prices than they would pay American-born ones. But if that criticism rings true in some parts of the tech industry, it misses the picture among Silicon Valley's top companies. One common misperception of Silicon Valley is that it operates like a factory; in that view, tech companies can hire just about anyone from anywhere in the world to fill a particular role. But today's most ambitious tech companies are not like factories. They're more like athletic teams. They're looking for the LeBrons and Bradys — the best people in the world to come up with some brand-new, never-before-seen widget, to completely reimagine what widgets should do in the first place. "It's not about adding tens or hundreds of thousands of people into manufacturing plants," said Aaron Levie, the co-founder and chief executive of the cloud-storage company Box. "It's about the couple ideas that are going to be invented that are going to change everything." Why do tech honchos believe that immigrants are better at coming up with those inventions? It's partly a numbers thing. As the tech venture capitalist Paul Graham has pointed out, the United States has only 5 percent of the world's population; it stands to reason that most of the world's best new ideas will be thought up by people who weren't born here. If you look at some of the most consequential ideas in tech, you find an unusual number that were developed by immigrants. For instance, Google's entire advertising business — that is, the basis for the vast majority of its revenues and profits, the engine that allows it to hire thousands of people in the United States — was created by three immigrants: Salar Kamangar and Omid Kordestani, who came to the United States from Iran, and Eric Veach, from Canada. But it's not just a numbers thing. Another reason immigrants do so well in tech is that people from outside bring new perspectives that lead to new ideas. Read more here: https://www.nytimes.com/2017/02/08/technology/personaltech/why-silicon-valley-wouldnt-work-without-immigrants.html More of my philosophy about the scalability of my form of digital or electronic book and more.. I think i am smart, and i think that my form of digital or electronic book is scalable since you can go from the a main sophisticated "Tree menu" to other childs of sophisticated "Tree menus" inside the left HTML frame of the digital book, so i think it is also a powerful and sophisticated kind of digital book, so i have thought fast this project of mine and i have designed it fast, but also you have to know that the sophisticated "Tree menu" that shows in the left HTML frame of the digital book has not to use the same CSS configuration as the right HTML frame with: "font-size: 1.3vw", since i think that the fonts of the sophisticated "Tree menu" must be fixed fonts size so |
| Amine Moulay Ramdane <aminer68@gmail.com>: Dec 28 01:40PM -0800 Hello, More of my philosophy about Geopolitics and about USA and more.. I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms.. So read the following: "In 2019, exports of goods and services from the United States made up about 11.73 percent of its gross domestic product (GDP). This is an increase from 9.23 percent of the GDP of the United States in 1990. Jun. 29, 2021" So as you are noticing that the exports of USA are around 12% of GDP in 2021, and it is a standardized number, so if you say that the problem of USA is that it has to know how to protect its goods and services, i mean that USA has to know how to protect this 88% of goods and services by knowing how to be a smart "protectionism", i think that it is not the good way and here is what i say about it: More philosophy about protectionism and USA and more.. I think we have to be careful about protectionism, since read the following: "Protectionist policies impose an additional cost and loss on all parties. First of all, domestic consumers must pay a higher price for goods. At the same time, importers face a decline in demand, so international jobs are lost. For instance, the US-China trade war meant that US consumers paid a higher price whilst demand for Chinese workers is reduced. So the Chinese unemployment increases and US consumers pay more. However, the counter-argument is that it saves US jobs and businesses. Now there is some validity to that claim. If the money sent to China doesn't come back in either demand for US goods, or FDI, then the argument can be validated. However, the reality of the situation is that when a US consumer buys cheaper Chinese goods, that money goes to a Chinese exporter. That money doesn't stay with them indefinitely. It makes its way back to the US through either demand for its goods or in FDI. What we see as a result is that Chinese demand drives employment in other industries. So jobs that may have been lost in one industry, are being created in another. At the same time, the FDI inflows also create employment in the relevant industry. Although there is disruption, there is a net positive gain in the long term. Employees will have to shift to new industries, but the average consumer benefits from lower prices. By contrast, the only winner under protectionism is specific domestic workers. However, they too are consumers and consequently lose out too. Is Protectionism Good For The Economy? In the long-run, protectionism is not good for the economy. It makes consumers and businesses pay more. And whilst it may protect jobs in the short-term, the economy as a whole would be better served in allowing cheaper imports in. Although this may temporarily destroy some jobs, consumers benefit from lower prices. In turn, the income that would have been spent on the goods before can now be spent in other markets. In turn, employment is stimulated elsewhere in the economy." Read more here: https://boycewire.com/protectionism-definition-and-types/ So what is the smart way of doing so that to not be protectionism? Here it is: First I think that protectionism is not good, and i think that Trade Adjustment Assistance etc. is a better way of solving problems, so i invite you to read the following article to know more: https://theconversation.com/international-trade-has-cost-americans-millions-of-jobs-investing-in-communities-might-offset-those-losses-143406 And read more here about Trade Adjustment Assistance: https://en.wikipedia.org/wiki/Trade_Adjustment_Assistance And notice that i think that USA is economically in a good shape, since read my following thoughts so that to notice it And about the US Debt Crisis, i think it is not so problematic, since USA economy is well diversified and powerful economy that is really resilient, and you can read more about it here in the following article: The Surprising Truth About the US Debt Crisis https://www.thebalance.com/us-debt-crisis-summary-timeline-and-solutions-3306288 Also I think that USA will still be a super power in the future, and i say that we can not compare USA to China, since China has many defects like the "productivity" of China is not good both qualitatively and quantitatively, and China has a debt problem, so China is constrained by this factor of its debt problem, so China can not attain the level of productivity both quantitatively and qualitatively of that of USA in the near to medium future. But the productivity of USA is good both qualitatively and quantitatively, and China has other problems such as the quality of education of its workforce is much less than that of USA, this is why China is also lacking much in productivity both qualitatively and quantitatively. And you can look at the following video so that to understand more: Why won't China Surpass the United States? - VisualPolitik EN https://www.youtube.com/watch?v=ZqowS-hlZ3M Also as I have just explained above, that Donald Trump protectionism is not good, and i think that Donald Trump was not thinking correctly, since around 85% of jobs losses in the manufacturing sector in USA was caused by automation and not by China or such as were thinking it the people who elected Donald Trump, and you can look at the following video that make you understand that automation also has advantages: https://www.youtube.com/watch?v=D-rd3kW7Bc8 Following are some of the advantages of automation: 1. Automation is the key to the shorter workweek. Automation will allow the average number of working hours per week to continue to decline, thereby allowing greater leisure hours and a higher quality life. 2. Automation brings safer working conditions for the worker. Since there is less direct physical participation by the worker in the production process, there is less chance of personal injury to the worker. 3. Automated production results in lower prices and better products. It has been estimated that the cost to machine one unit of product by conventional general-purpose machine tools requiring human operators may be 100 times the cost of manufacturing the same unit using automated mass-production techniques. The electronics industry offers many examples of improvements in manufacturing technology that have significantly reduced costs while increasing product value (e.g., colour TV sets, stereo equipment, calculators, and computers). 4. The growth of the automation industry will itself provide employment opportunities. This has been especially true in the computer industry, as the companies in this industry have grown (IBM, Digital Equipment Corp., Honeywell, etc.), new jobs have been created. These new jobs include not only workers directly employed by these companies, but also computer programmers, systems engineers, and other needed to use and operate the computers. 5. Automation is the only means of increasing standard of living. Only through productivity increases brought about by new automated methods of production, it is possible to advance standard of living. Granting wage increases without a commensurate increase in productivity will results in inflation. To afford a better society, it is a must to increase productivity. And the education system of USA is not so bad as we can think and you can read about it here: America's Not-So-Broken Education System Read more here: https://www.theatlantic.com/education/archive/2016/06/everything-in-american-education-is-broken/488189/ Also Let's look for example at USA, so read the following from Jonathan Wai that is a Ph.D., it says: "Heiner Rindermann and James Thompson uncovered that the "smart fraction" of a country is quite influential in impacting the performance of that country, for example, its GDP." And it also says the following: ""According to recent population estimates, there are about eight Chinese and Indians for every American in the top 1 percent in brains." But consider that the U.S. benefits from the smart fractions of every other country in the world because it continues to serve as a magnet for brainpower, something that is not even factored into these rankings. What these rankings clearly show is America is likely still in the lead in terms of brainpower. And this is despite the fact federal funding for educating our smart fraction is currently zero. Everyone seems worried Americans are falling behind, but this is because everyone is focusing on average and below average people. Maybe it's time we started taking a closer look at the smartest people of our own country." Read more here: https://www.psychologytoday.com/us/blog/finding-the-next-einstein/201312/whats-the-smartest-country-in-the-world So as you are noticing it's immigrants(and there are about eight Chinese and Indians for every American in the top 1 percent in brains) that are making USA a rich country. And read also the following to understand more: Why Silicon Valley Wouldn't Work Without Immigrants There are many theories for why immigrants find so much success in tech. Many American-born tech workers point out that there is no shortage of American-born employees to fill the roles at many tech companies. Researchers have found that more than enough students graduate from American colleges to fill available tech jobs. Critics of the industry's friendliness toward immigrants say it comes down to money — that technology companies take advantage of visa programs, like the H-1B system, to get foreign workers at lower prices than they would pay American-born ones. But if that criticism rings true in some parts of the tech industry, it misses the picture among Silicon Valley's top companies. One common misperception of Silicon Valley is that it operates like a factory; in that view, tech companies can hire just about anyone from anywhere in the world to fill a particular role. But today's most ambitious tech companies are not like factories. They're more like athletic teams. They're looking for the LeBrons and Bradys — the best people in the world to come up with some brand-new, never-before-seen widget, to completely reimagine what widgets should do in the first place. "It's not about adding tens or hundreds of thousands of people into manufacturing plants," said Aaron Levie, the co-founder and chief executive of the cloud-storage company Box. "It's about the couple ideas that are going to be invented that are going to change everything." Why do tech honchos believe that immigrants are better at coming up with those inventions? It's partly a numbers thing. As the tech venture capitalist Paul Graham has pointed out, the United States has only 5 percent of the world's population; it stands to reason that most of the world's best new ideas will be thought up by people who weren't born here. If you look at some of the most consequential ideas in tech, you find an unusual number that were developed by immigrants. For instance, Google's entire advertising business — that is, the basis for the vast majority of its revenues and profits, the engine that allows it to hire thousands of people in the United States — was created by three immigrants: Salar Kamangar and Omid Kordestani, who came to the United States from Iran, and Eric Veach, from Canada. But it's not just a numbers thing. Another reason immigrants do so well in tech is that people from outside bring new perspectives that lead to new ideas. Read more here: https://www.nytimes.com/2017/02/08/technology/personaltech/why-silicon-valley-wouldnt-work-without-immigrants.html More of my philosophy about the scalability of my form of digital or electronic book and more.. I think i am smart, and i think that my form of digital or electronic book is scalable since you can go from the a main sophisticated "Tree menu" to other childs of sophisticated "Tree menus" inside the left HTML frame of the digital book, so i think it is also a powerful and sophisticated kind of digital book, so i have thought fast this project of mine and i have designed it fast, but also you have to know that the sophisticated "Tree menu" that shows in the left HTML frame of the digital book has not to use the same CSS configuration as the right HTML frame with: "font-size: 1.3vw", since i think that the fonts of the sophisticated "Tree menu" must be fixed fonts size so that to permit to scroll the left HTML frame correctly etc., so i invite you to read my previous thoughts so that to understand my way of doing: More of my philosophy about digital or electronic books and more.. I think i am smart, and i have just finished my programming of a project that easy for you to make electronic or digital books with HTML and Javascript and CSS, now it consists of a sophisticated "Tree menu" that will show the indexes of the digital or electronic book that will appear on the left of the screen in a left HTML frame, also i have just thought about my design and i think that here is how i will show the HTML with CSS pages of the the digital or electronic book: First i have to include in the HTML pages of the digital book the following in HTML: <head> <link rel="stylesheet" href="mystyle.css"> </head> And the mystyle.css "CSS" file will contain the following so that the HTML pages of the digital book appears correctly in different screen resolutions: mystyle.css file is: body { font-size: 1.3vw; } So as you are noticing i am using "font-size: 1.3vw" , since the right HTML frame that contains the HTML pages of the book is 3/4 the size,and here is how i am constructing the HTML frames of the digital book so that to notice it: <!DOCTYPE html> <HTML> <HEAD> <TITLE>A frameset document</TITLE> </HEAD> <FRAMESET> <FRAMESET cols="25%,*" frameborder="yes" framespacing=1> <FRAME name="frame1" src="example01.html" scrolling="auto"> <FRAME name="frame2" src="poems1.html" scrolling="auto"> <Frame scrolling="auto"> </FRAMESET> </FRAMESET> </HTML> So notice that it is: "FRAMESET cols="25%,*", so it means that the left HTML frame of the digital book is 1/4 of the size and the right HTML frame is 3/4 of the size. And i will show you more the sophisticated "Tree menu" that will show the indexes of the digital book, so stay tuned since i will start to organize my thoughts of my philosophy and my other thoughts of software computing etc. into my above form of a digital book. And here is my philosophy of why i am organizing my thoughts in a digital book: More of my philosophy about making paper from trees and about deforestation and more.. I invite you to read the following article about the environmental footprint of paper vs. electronic books: https://www.anthropocenemagazine.org/2020/08/the-environmental-footprint-of-paper-vs-electronic-books/ And as you notice that the above article is just speaking about how much green house emissions we have with footprint of paper vs. electronic books, but i think that deforestation does not only cause green house emissions, but i think we have to take into account the the other following disadvantages: The disadvantages to deforestation are an increased amount of carbon dioxide emissions and soil erosion as well as the destruction of forest habitat and the loss of biological diversity of both plants and animals. Also 24 trees makes around one ton of paper, which is about around 200,000 sheets, and you may use a piece of paper one or two times, but it can be recycled five to seven times. Recycling one ton of paper saves 17 trees. If it's recycled seven times, it saves 117 trees, but i think that it is not enough and it is not enough to recycle (Read in the following article so |
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