Chapter 12

Question 6. I found pages 285-287 quite interesting. The topic Wheelan brought up was about Trade and voluntary exchange throughout the country. He made it very clean that when he visits other country's and sees U.S. restraunts he's in some ways appauled, but knows that many people need the extra work to survive in unstable living counditions. Look, all of these fast food restraunts cause negative externalities, but many countries need them to survive. They create new jobs plus Wheelan says "It's better then any other option they have". The restraunts are not just american food they are integrated to there own culture. The big threat of Cultural Homogenization is creating a stir against Globilization. The idea of creating a concept as negative as Mcdonalds is not just a bad wrap against us but for many people around the world. Wheelan brought up a point about minimum wage and how much people would earn over there rather than the states. It's almost against our nature to have somone work over there for $2 then for someone to make $8 over in the U.S.