Debate Rounds (3)
In my opinion, whoever buys the shoes are not smart enough to realize the profit big comapanies like Nike our making from us. I, myself, also buy oversea shoes and now realize how i am being used but that will not stop me from not buying the shoe. Cpmanies who are overseas should not come back over to America because deflation would occur and it will be just like the great depression. Americans would make make products than that being sold and nothing would sell. Places like China, India and Iran would stop buying our products which means we won't make a profit. Overall, comapnies should stay doing what they are doing and continue making a profit!
I accept this debate. I will start exposing my arguments on R2 but I would appreciate if my opponent could clarify some of his claims :
"Companies who are overseas should not come back over to America because deflation would occur and it will be just like the great depression"
I will explain round 2 why this statement is false. But before that, I would like Pro to provide sources backing it.
"Americans would make make products than that being sold and nothing would sell. Places like China, India and Iran would stop buying our products which means we won't make a profit. Overall, companies should stay doing what they are doing and continue making a profit!"
Please explain me how exactly Nike's profit benefits you or me. There is no we ! The people and Multinationals corporation are different entities with divergent interests.
cpasshun forfeited this round.
My opponent forfeited.
His pseudoeconomic analysis about deflation occuring when companies returned to the US has not been backed by any source.
Deflation depends mainly on money supply. Where goods are produced makes little difference. Infact Offshoring actually has a small impact on inflation: it decreases inflation (deflation) by reducing money circulation.
(Corporate profit and costs abroad remove money from the real economy.)
The point is that if every single company in the industrial sector decided to practice offshore outsourcing, there will be millions of people left unemployed and unable to spend money on products.
So Unless others sectors can absorb these unemployed, this would harm the economy.
Deflation during the great depression had nothing to do with production, the cause was the decrease in money supply (the exact dynamics are explained in the link below).
cpasshun forfeited this round.
1 votes has been placed for this debate.
Vote Placed by lannan13 1 year ago
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