It's really what the collective do with the deal that determines if it is good or bad.
Case Study: China Economic Rise To Being #1 Largest EconomyThe rise of China economic is precisely based upon bad deals. Americans were shipping "BAD" jobs to China in the millions and paying the citizens a nickel to a dime per hour. If that is not the definition of "BAD" then I don't know what is. The Chinese did not b1.tch and complain about fair wages or "BAD" deals. They seized the opportunity as a developmental one and used their INGENUITY to create MORE OPPORTUNITY. This is what we call MOMENTUM. Today China using American "BAD" opportunity is now THE WORLD LARGEST ECONOMY.
Typical socialist liberals (fake liberal, anti-free market thinking) think life is fair when life is competition and suffering. It is only the past 60 years that have resulted in an anomaly we called Pax Americana. Pax Americana is ending and who knows what is in store for the world.
To put it bluntly, the economic rise of China has proven without a doubt that job creation always wins...even if it's "bad" jobs... Mao may have won the war for PRC, but that guy was so IDEALISTIC and ANTI-JOB that it wasn't until Mao passed and when Deng Xiaoping took over did China's fate change. Prior to
1970, 97% of Chinese were starving and dying from extreme poverty (living on less than $1). Beginning in 1970 to when Deng Xiaoping took over in 1978 the extreme poverty rate dropped to 90%.
Today, the extreme poverty rate is less than 1%.
HOW DID THIS WONDERFUL CHANGE HAPPEN? I'll tell you...JOB JOB JOB JOB JOB JOB JOB... Turning away job is simply ignorance in economics...do
n't be a Mao...Be a Deng.
Talk to me about economics???