A new connotation can be made about this concept given the event of last week (trial explosives found in cargo shipments).
The cost of safely moving products? Was this even considered in full or did the model assume an ideal, and unrealistic, situation?
Is this not an oops or what?
Does not making it at home (not out-housing) become more feasible when the true costs are considered? As with any abstracted model, the 'pure' theory of international trade does not take into account any human quality. No, people are modeled as rational agents. Now, that's fine, except whose rationality is taken to be the model?
Sheesh, everyone papered over with some type of mediocre view. Is this not how business runs? Is it not why employees are considered just a resource pool only there for exploitation?
Oh, yes, the one star? The CEO, of course.
'market' ideology is like any other that makes a bunch of assumptions that match up with the belief system. Again, whose belief system?
What we need is a mindset that considers all aspects, albeit with rankings and risk analysis. Actually, the basis would be science and engineering. But, a heavy emphasis on people would be part of the system, to boot.
Now, how to attain such is the problem that will continue to be the focus.
11/08/2010 -- A technical look is necessary.