30 Jan '13 02:04>
Originally posted by Metal BrainIt isn't quite as simple as the money goes out of the country. A lot of money in private hands goes out of the country on airlines, and cruise ships. A lot comes in, when Toyota, Honda, Nissan, BMW, Mercedes, and others all build plants here and hire Americans.
Outsourcing has changed where some of the investing is spent. If you buy stock shares of Apple Corporation much of that money ends up in China.
Not all spending is the same anymore. Even if I accept your conclusion investing is not equal in creating domestic jobs. The rules have changed.
Ask yourself if thoughtless consumerism, buying ridiculous junk impulsively is long term good for our economy. In the end, economics is thoughtful people acting in their best interests. Some spend week to week, and others routinely save a portion for later. Some specifically seek entrepreneurial activity in which to use their money to improve themselves. Each individual is a part of a market, and fills some role in it. And all of this requires no force of coercion to work.
That some money ends up in China, or Indonesia isn't a bad thing. People have to live there to, and wish to improve their lives.