Mike Moore: Outsourcing brings wealth
National Business Review, New Zealand - 16 Sept... The same old anti-Japan speeches of the 1980s are being dusted off in the US presidential campaign to play on the real fears of workers.
Many of these made redundant from textile and manufacturing jobs had retrained for the modern economy, learning IT skills that are now under threat from highly educated, motivated competitors in India and China....
....But as a politician who knows the language of the street corner meeting, one recent TV grab featuring a South Carolina voter haunts me. A middle-aged man explained how he had lost his textile job to China, had retrained himself in IT only to lose that to India. Now, he said, he was studying real estate because "that's the one job that can't go offshore."
It's a big task trying to explain the theory of creative destruction or how infrastructural inefficiencies are a tax on every other job to an unemployed 50-year old.
And that's one reason I was New Zealand's shortest-serving prime minister. But not the only reason.