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"There is no way of keeping profits up but by keeping wages down" (David Ricardo)
Date Submitted: 08/09/2001 07:59:34
Length: 8 pages (2108 words)
Views: 100835
There is no way of keeping profits up but by keeping wages down. -- David Ricardo, On Protection to Agriculture (1820) This essay seeks to go one step further in the context of David Ricardo's quote by arguing that totalitarian political systems offer a way of keeping profits up by keeping wages down and inversely, in a democratic system wages will have a tendency to rise and thus, profits will decline. When looking at David Ricardo's …
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…Centre database. Ito, T. (1999). 'Indonesia Report: Overview', WashingtonPost.com, June, downloaded from, http://www.washintonpost.com/wp-srv/inatl/longterm/indonesia/overview.htm Papadopoulos, N. 2001. 'Wahid's Out, Megawati's In', TIMEasia.com, 23 July, downloaded from, http://www.time.com/time/asia/news/interview/0,9754,168569,00.html Vernon, R. (1966). International Investment and International Trade in the Product Cycle. Quarterly Journal of Economics, Vol 80. Vernon, R. (1971). Sovereignty at Bay The Multinational Spread of U.S. Enterprises. Basic Books Inc. New York
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