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Home to the laid-back, apathetic and a-political, who would have thought Los Angeles would become a hub of social change.
Her People, Her Mayor, Her Police Chief!
VIVA!~ El Pueblo Nuestra Senora la Reina de Los Angeles!
Which can be translated as - The Town of Our Lady Queen of Angels
Otherwise known as The City of Angels. Or Los Angeles... for short.
I've waited a lifetime for this, and could not be more pround of Her.
I am a, died in the wool, economic conservative.
Economist by training, Capitalist by socialization and Business-person by self interest. Protectionism in any form really chaps my ass and immigration quotas and anti-immigration laws are amongst the most heinous in terms of causing market inefficiencies (read lost money). It hurts from every economic cost angle you can think of.
(This message brought to you by your token rich white middle-aged male native Los Angeleno.)
Her People, Her Mayor, Her Police Chief!
VIVA!~ El Pueblo Nuestra Senora la Reina de Los Angeles!
Which can be translated as - The Town of Our Lady Queen of Angels
Otherwise known as The City of Angels. Or Los Angeles... for short.
I've waited a lifetime for this, and could not be more pround of Her.
I am a, died in the wool, economic conservative.
Economist by training, Capitalist by socialization and Business-person by self interest. Protectionism in any form really chaps my ass and immigration quotas and anti-immigration laws are amongst the most heinous in terms of causing market inefficiencies (read lost money). It hurts from every economic cost angle you can think of.
(This message brought to you by your token rich white middle-aged male native Los Angeleno.)
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 8:50 AM
Actually I'm curious to hear an economic argument for unrestricted immigration... I've been mulling over that one for ages...
The issues as I see it are:
1) a flood of unskilled labour which would drive wages down on the low end. People having a hard time making ends meet would have even a harder time under these conditions
2) strain on social services. any social services rendered to the public ( schools, welfair etc) would be under strain that they could not bear if the size of a population doubled or trippled and all the new immigrants were on the poor end of the spectrum.
3) dilution of culture. It's a combination of laws AND culture/social convention that allow an economy to work. By letting in people too quickly smart cultural habbits could be lost in dilution -
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 9:08 AM
1) It's a freedom issue. I have the freedom to hire or not hire someone, and I don't want you or any government telling me otherwise.
2) That's an argument for smaller government and no social services. None. Everyone's on their own.
3) An economy works because of one thing - freedom to trade. The more freedom, the better the economy. I have no idea why you think "social convention" has anything to do with anything.
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 2:11 PM
<< 1) It's a freedom issue. I have the freedom to hire or not hire someone, and I don't want you or any government telling me otherwise. >>
Good point. I agree with the philosphy but a sudden shift of policy would cause dramatic and sudden sifts in the economy that would displace many people. This is an ugly long term / short term issue.
<< 2) That's an argument for smaller government and no social services. None. Everyone's on their own. >>
Ok, so if the argument is "if we had no social services then open borders would rock" and "if we had social services then open borders would be terrible" I get that. So lets not be pro "open borders". Lets be pro "open borders and no social services" because one without the other would be devastating and make the pro open border crowd look bad if it was ever implemented...
And all that said wouldn't an immigration policy where the US was absorbing millions of people from around the world but were cherry picking all the PhD's and scholars and highly skilled workers, instead of the less productive unskilled workers, wouldn't that offer a better short and possibly long term benefit?
<< 3) An economy works because of one thing - freedom to trade. The more freedom, the better the economy. I have no idea why you think "social convention" has anything to do with anything. >>
I disagree about social conventions. "Eat the Rich" has a chapter on "Good Capitalism" and "Bad Capitalism" that I found interesting. They point to the fact that SEC regulations on Wal Street allow people to trade fast and with confidence since they know what the rules are and that everyones playing by the same ones. Without SEC regulations there'd be fear in every trade that you were being lied to or some information was being kept from you. In Albania they have free markets but nothing like the SEC. Prymid schemes, check kiting, and ponzi scemes were rampant and lead to several billion dollars slipping out of the country as all these schemes collaposed at the same time.
Since were on the anarcho-capitalism board, I think its fair to say: laws can provide a powerful framework of trust and rules that allow people to waste less energy in economics since much can be assumed about how everyone is playing the game. There are things other than laws than can (and do) fill these gaps and I don't hear enough here about how to adress that. The fact is is that simply knowing that ponzi schemes are bad is more effective then making them illegal and simply knowing that you shouldn't drink alone or drink before noon is more effective than alcohol prohibition but these "social conventions" need to be inplace if the laws are not.
We have a lot of social conventions in the USA we take for granted and help our society. For instance a lot of Arabs have a hard time in US business ar first because in the USA you negotiate and then sign a contract and stick to it. In middle eastern conties you sign a contract and THEN re-negotiate the terms of it, which causes all kinds of havoc until everyone's on the same page (or laws are passed)... -
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Re: Viva! - Los Angeles
Sat, April 29, 2006 - 5:45 PMI case anyone has the wrong idea in their head.
I happend to spend most of the day today with my (mostly very wealthy) co-workers. The story was repeated over and over again.
"My maid/gardener/nanny/handyman/construction crew asked me if they could come in to work on Saturday or Sunday so that they could have Monday off for the protest rally."
Anyone wondering where the American work ethic is, should look to the streets on May Day.
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 9:15 AM>>1) a flood of unskilled labour which would drive wages down on the low end. People having a hard time making ends meet would have even a harder time under these conditions<<
Do you feel the same way about a flood of cheap steel or rice even though it hurts the steel and rice industries? Should we allow married citizens to only have one child and then sterilize them to protect the labor market? Are arbitrarily high wages a good thing? If we cut labor costs, prices sink in response.
>>2) strain on social services. any social services rendered to the public ( schools, welfair etc) would be under strain that they could not bear if the size of a population doubled or trippled and all the new immigrants were on the poor end of the spectrum.<<
I live in Miami, which has a constant flow of dirt poor immigrants. In 1980, there were over a hundred thousand people who came from Cuba in the Mariel Boatlift. It wasn't "easy" for a couple of years, but those people have added more to the economy than they took away at the beginning. They are a benefit. It will be interesting to see what happens to Houston and the Katrina refugees. Same problem except the refugees speak English. As the population in Miami exploded, it brought new wealth and has made it easier to accept each new refugee. The biggest economic complaint now is that there isn't enough cheap housing.
>>3) dilution of culture. It's a combination of laws AND culture/social convention that allow an economy to work. By letting in people too quickly smart cultural habbits could be lost in dilution<<
Well, laws only hurt the economy and social convention changes with the flip of a coin no matter what...unless you are Amish. :)
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 10:07 AMThe "Flood" is exactly the problem. Whenever you monky around with removing artificial pricing constraints that are already in place, there is Hell to Pay. Sometimes it is worth it, sometimes it is not. That is why barriers to market pricing should always be used with great caution.
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Re: Viva! - Los Angeles
Wed, March 29, 2006 - 9:19 AMI wish I could've seen it in person. It was beautiful on TV, Karl.