Tuesday, November 12, 2013
David Ricardo (Amy Kulm)
The Industrial Revolution is not helping Europe as much as people thinking it is helping. Is everybody forgetting about comparative advantage? Europe should concentrate the most on our most successful industries. Then trade with other nations that cannot naturally produce the products our nations makes. Now with all of these machines products can be made anywhere. It will no longer matter what goods can be produced naturally. Trade will become useless. Comparative advantage is disappearing. Is this really what is best for our economy? Europe needs trade.
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Not only is this trade important, but communism is also important to keep all people happy. If we eliminate all classes everyone will be equal. These new machines are causing people to work hard for little money which is unfair.
ReplyDeleteI completely agree with this system of trade as it not only benefits the people of Europe, but stabilizes the economy. There will be more jobs for people since the machines won't be doing all the work and the quality of products will increase since they are produced naturally.
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