The candle is about to get shoved up our ass, bud. And globalists will be among the happy the bunch doing it. But you're not an American. So what do you care?
I totally disagree. We just have to work a little harder, get a little more creative....we can do this. We gotta raise our game like Obama was just saying. No one (in the US) wants to see that. The American Government and Fortune 500 got together and sold the Country down the river to the Communist Chinese for 15 years of sick profits and an inevitable inflationary tsunami. Is that what you support? [/QUOTE] Of course not. I don't see it quite that way though. But let me ask you: would have have such a problem if China was a democratic/capitalist country?
the Germans, the Japanese and South East Asians run trade surpluses with China. you can ignore this reality but it is the reality. Table 8: China's Top Export Destinations 2009 ($ billion) Source: PRC General Administration of Customs, China's Customs Statistics Rank Country/region Volume % change over 2008 1 United States 220.8 -12.5 2 Hong Kong 166.2 -12.8 3 Japan 97.9 -15.7 4 South Korea 53.7 -27.4 5 Germany 49.9 -15.7 6 The Netherlands 36.7 -20.1 7 United Kingdom 31.3 -13.3 8 Singapore 30.1 -6.9 9 India 29.7 -6.1 10 Australia 20.6 -7.2" Table 9: China's Top Import Suppliers 2009 ($ billion) Source: PRC General Administration of Customs, China's Customs Statistics Rank Country/region Volume % change over 2008 1 Japan 130.9 -13.1 2 South Korea 102.6 -8.5 3 Taiwan 85.7 -17.0 4 United States 77.4 -4.8 5 Germany 55.8 0.0 6 Australia 39.4 5.4 7 Malaysia 32.3 0.7 8 Brazil 28.3 -5.3 9 Thailand 24.9 -3.0 10 Saudi Arabia 23.6 -23.9Table 9: China's Top Import Suppliers 2009 ($ billion) Source: PRC General Administration of Customs, China's Customs Statistics http://www.uschina.org/statistics/tradetable.html http://snipurl.com/1qju44
how did you deduce that I'm not American? This statement/assumption makes me question your intelligence a little bit
Of course not. I don't see it quite that way though. But let me ask you: would have have such a problem if China was a democratic/capitalist country? [/QUOTE] American, those who work, work hard.you need to shrink the size of government and to pay government workers less. government debt and government regulation is killing the US. back to the original question are those against outsourcing racists? my feeling is probably not too much. more likely they don't understand the benefits of outsourcing for themselves.
I think that this is an important point. Rule-of-law is an important reason why businesses have grown in the US and an important reason why so much wealth resides here. Capitalism knows nothing of morals, ethics, dignity, or often, even of tomorrow. I know that people think that the free markets self-interest is still played on a common board game. There is no real international law (China was reported to have a total of approximately 300 license of Windows for the whole country.) The press are facing unprecedented intimidation (see Mexican PCB recycling practices.) For examples of short-sightedness look at Vietnamese workplace safety record. Of course, China and India look like they are only shitty to their own. They wouldn't think of nationalizing anything. Why would they want to do that? We just keep sending our technology, our jobs, our business connections, and our money. They keep lending us money and selling us shares in their wonderful companies. What could go wrong there? Is the August 1998 Russian ruble fiasco really such distant, unrelated history. How about the Asian currency crises in July 1997. We are trusting people who have no respect for us (regardless of whether they should.) Our companies trust their foreign partners; because, it serves management's short-term interests. If the Chinese decide to use our nationalize our companies (having been reassembled over there) and use our debt to extract political control over the largest military in the world, how does the Adam Smith grade-school economics make that sound the best for all?
I think this is exactly the OP's point. Protectionism and isolationist views are now considered racist. Not sure what that means but it is disturbing. You don't know what racism is. No prob here on ET we can take it, but when it affects the statements of politicians and journalists to self-censorship, it is not good. Wheather you agree or not with globalization, it is new and huge and needs to be questioned.
You gotta be kidding me. Raise our game? Our game got exported overseas. That's the problem. Ingenuity and industrial capacity made America the #1 economic power in the world. Farming out the engineering and manufacture of our creative labor innovates us out of 60% of the work! Jobs and wealth America desperately needs. The world can do whatever it wants. China can be capitalist, communist, fascist, whatever. It doesn't matter what they do. It matters what we do. Our trade and tariff policy is cornerstone to economic power, which undermines our military superiority. When we allowed the export of 12 million (and counting) jobs overseas, the aftermath will be severe. 2001 should have been hellish. 2008 should have been hellish. The Maestro and Bernacke just postponed it through blowing successive asset bubbles - and now a sovereign debt bubble - which has yet to pop. You don't know what they effects of decades of outsourcing and massive Government deficit spending has done to the economy because it hasn't hit yet. And your conclusions are based on the fairy tale netherland bubble boy printed for us which produced a mindless world where cause and effect no longer exist. What I'm saying here: shortly, America is getting flushed down a big fucking toilet. And largely in part, due to lost jobs from outsourcing. What you see infront of you is not real. It's an illusion based on the reserve status of the US dollar which is quickly coming to an end (>150% debt-to-GDP)
Then I'd suggest you get educated real quick about the coming economic implosion and how outsourcing greased the skids
americans and europeans have nobody but themselves to blame for their extravagant living style. outsourcing provided cheap goods for americans but that era is coming to an end. the piper has to be eventually paid for the debt binge. this is tough luck for those who are ill prepared particularly baby boomers Argentinians survived this kind of economic crisis. perhaps americans and europeans will also. China has been trying to let the air come out slowly from this hot air balloon because they perceive it is in their interest. will it work? probably for awhile.