On Wed, 5 Jun 2002, Jafta wrote:

>And this would mean that I can not afford the Nike or what-ever-make
>that I wear at the moment.  The reason that products get manufactured
>at 1$/day in countries like mine, is to make it MORE affordable.

Er, no, it would mean that someone would make affordable shoes eventually
especially since YOUR wages would be related (by normally operating market
laws, which could function dues to the strange utopia I proposed) in a
reasonable manner to the price of shoes. Notice that the utopia works both
ways, do not see it as something that increases costs, ebcause it also
increases income (by making local manufacture rentable).

If you would have a very low income but that would be your income in that
country then the price of imported shoes would have to be about on par
with the price of local shoes, Nike or not.

Imho the current world economy thing is a reaction to the previous rigid
tariff and overtaxing system. Both missed the mark very far. What I was
proposing was kind of a middle of the road between these two, based on
metrics related to real income (not the fantasmagorical inventions some
official bodies assign for this in various countries).

Peter

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