Re: National Socio-Economic Security Need for Encryption Technology

["Perry E. Metzger" <perry@piermont.com>]

Bart Croughs writes:
> 	 But there is another axiom of economics which the
> nationalist/socialist can use for his case against the free movement of
> capital. This axiom states that the wages of workers depend on the
> amount of capital invested. The more capital invested, the higher the
> wages are.

This must be some new axiom of economics that I had not heard of.

>  If American companies are moving capital to Third World
> countries because of the low wages in these countries, then the workers
> in the Third World will of course be better off. But in the US, the
> amount of capital will be lowered.

????

> So the American workers will be able to get other jobs, but these
> jobs will pay less, because of the diminished amount of capital in
> the US.

This is truly one of the oddest economic theses I've seen in years.

It seems like an odd offshoot of mercantilism at the very best...

Perry