I didn't wanted to say this, but there is something funny about Onions/Carrot, but I can't seem to put my finger on it.
The only funny thing about this entire debate is your utter lack of response to an economy which is propped up by foreign debt. While imports and exports are declining in percentage quantities akin to depression era numbers, the DR records growth year after year.
What is the reason? BORROWED MONEY!
BORROWED MONEY which has crimped future productivity. The only option the DR has at present is to continue borrowing money to pay back borrowed money, roll-over existing debt and HOPE, PRAY they can re-finance that debt under more favorable terms with a much longer duration.
There is a crowding out effect that borrowed money creates.
REAL PRODUCTION can never outpace the pernicious effects of BORROWED MONEY compounded by interest payments. Eventually, all monies garnished by productive sectors are needed to service debt and before that inflection point arrives, DEFAULT ENSUES!!
EXHIBIT A- Argentina!
There is only one Vicini family (including extended) on the entire island and a handful run the company, so what Vicinis is he talking about is beyond comprehension.
They don't all think the same. Neither does any of the other well established families on the island. I don't have to divulge my personal associations to you or to anyone else on this forum.
And then the choice of words. Subhuman wages? US style profits? Is this the same guy that attempted to debate on the economics thread? What person with thorough knowledge of economics would use such terms? What person with thorough knowledge of the Dominican economy would not know why the wages are as they are? None, because the economic laws that dictates all of this are perfectly understood.
They are only understood by a person like yourself that defends the pittance that the DR worker earns. Your lack of answering thoroughly what I have posted has caused you to engage in AD HOMINEMS.
Any thinking person can see right through your baseless arguments which consists only of froth, blather and claptrap. I respect your economic analysis but I feel it lacks the depth necessary while analyzing the DR economy.
You only regurgitate what the CB and other entitiies publish while not trying to connect the dots. You have blinded yourself to the fact that the economic growth the DR has gained has been at the expense of the long term sustainability as it concerns its fiscal and economic stability.
There is no defense by which a DR worker should be earning a SLAVE WAGE. It is a poor defense to excuse those who can pay a much higher wage yet don't so as to gain record profits.
Leon Corripio, Grupo Viccini, Hache can pay more BUT don't. Earning 200 dollars a month is a sub-human wage in a country where prices for goods and services are the dollar equivalent of their peso price.
EARN a sub-human PESO wage yet SPEND a DOLLAR equivalent.
This is no way to spur permanent demand. DR's economic growth under Leonel Fernandez has been totally FALSE.
It has been a PONZI economy fomented by PONZI enablers like those on Wall Street who securitize the funding for these 3rd world ghettos, the IMF and other institutions who allow debt to be rolled over because the alternative is default and all other funding mechanisms shoving down debt everywhere they can.
BORROWED MONEY is EASY MONEY until you have to pay it back.
According to your analysis, humans are beholden to economic laws as if it were the law of gravity. Not all alleged laws within economics enslave man. Wages could rise in the DR if those companies which have had record profits were to do so.
Economics is a SOCIAL science not a physical one and while there are laws within economics that are rigid as in supply and demand, there are others which are not.
There are many economists and/or econometricians who mirror my sentiment. I am mainly an adherent of the Austrian Liquidationist schools with some tinges of Neo-Marxist thought as it relates to socio-cultural concerns.
And to say nothing of other words that are not normally found in certain circles in which you will meet THE families, such as "cuz", "aint", etc. This is akin to the ghetto version of the young inner city America.
Your ideas of the families' comportment is accurate. Yet, it isn't Masterpiece Theatre 24-7. Ebonics is a language within the African American context or are you discrediting the gains this group has achieved. There is a debate within academic circles regarding this if you didn't know.
NALs, you need to do some research on these issues before presumptuously arriving at conclusions!
I'll allow you to have the last word on this. I will not comment further on these issues.