Quote:
Originally Posted by Markal
You are correct except you forgot to mention...trade barriers. Asians pay a high tarrif or tax on American vehicles (as well as other things American)....same with Europe...very hard to buy American made quality in these countries when the cost is high sales are low. Here in the U.S. we say c'mon in, its a free market (except it isn't) because foreign companies have an advantage, taxes, wages, unions....etc....its not fair. Our government has allowed foreign countries to make huge profits while paying minimal taxes at the cost of American companies paying for everything else. Why would numerous American companies outsource to foreign companies? Because its wise to take advantage of unfairness.....Thats U.S. policy for the present. Over half the stuff Americans buy is made in China!!! Think about it. Call me a protectionist or whatever you want....do you think Europe or Asia will protect us?....no...they just want our money. We need to protect ourselfs and do it NOW! Protect our right to work and be...make these foreign companies pay to do business in the U.S.....they do the same in their countries!!! U.S workers stand strong in every industry....where you goin with that??? We are still a great country...at least for now.
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First of all, whoever says we have a free market is frankly stupid. However, there are unintended consequences of trade sanctions, especially proposing those in the midst of a global depression. The fact is that the Chinese government, through their unrestricted devaluation of yuan, is only digging a nonrefillable hole for themselves. Devaluation of the yuan is only hurting the Chinese consumer and Chinese entrepreneur; the consumer by robbing him of his savings and the entrepreneur by making him sell the same amount of product for half the price before this government engineered inflation. They are continually selling their exports
at a loss. The United States should not follow suit in this fallacious attempt at economics.