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What About The Golden Rule?
Why? Because good business is good business, and,
as a result, the customer can be in good company.
Perhaps we can learn to understand, accept and
accommodate capitalism as we do our mate (and our
brethren) -- not only because of, but in spite of,
themselves.
Robert tried another tack,
"Well, I believe in
capitalism that does not exploit underdeveloped
nations."
So, I weighed on this issue, too:
American businesspeople don't go into a country
unless they're invited, and those business
people stay only as long as they're welcome.
These business people bring into the
underdeveloped countries their technology,
appliedscience, tools, equipment, etc.
...
all the
th[ngs we normally call capital ... In the process
of applying capital to resources that are on or
under the ground, (timber and various extractive
minerals, etc.) value is created where value did
not exist before. Infrastructure is also created
-–
roads, harbors, bridges, utilities, communication
systems
...
Again, these business people stay
only as long as their lives and their property are
safe, and, yes, as long as they can take their
profits out of the country
...
Far from the
multinational American firms disrupting the
balance oftrade and exploiting these countries,
the multinationals usually pay salaries far above
the domestic firms in these countries
...
Those
joint ventures reduce risk, develop local talent,
build expertise, expand markets, raise the
standard ofliving, andgenerally build a mutually
profitable bridge on which there is a two-way
flow ofcommerce. Developing nations then use
the 'foreign exchange earned from the sale of
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