[quote=gandalf]China is a communist country. It’s not free market capitalism. …..If the tables were turned, and labor costs were cheaper outside China, everyone on this board knows full well the Chinese government would outright prohibit Chinese companies from exporting jobs (and money) from China. There would be tariffs and nationalization of plants, contracts and resources. People would be jailed or disappear. China isn’t a free market.
[/quote]
Thank you for stating this. The first I’ve seen on this site (though I admit I don’t always of the luxury of reading every thread)
Why are we doing business w/a communist country? We don’t w/Cuba. I don’t think we did w/Russia back in the day. Why is it okay w/China? What am I missing here?
[quote=CA renter]Of course, I think we need to support American labor over foreign labor because we need to be self-sufficient and productive in our own country. Without American labor, our country will collapse (unless one thinks we can all get rich flipping houses/stocks/bonds/commodities/etc. to one another at ever-increasing prices).[/quote]
And thank you, again. Today it is auto jobs. Tomorrow it is yours. You hit the nail on the head. We will have speculative jobs. In the end we will have the small percentage of upper class , no middle class and the rest are the poor. I guess supported by the tax of the rich. But since they will be in charge, I’m sure there will be no social programs when they get done, so it will be a country of destitute. Maybe we’ll all try to flee to China for “opportunity.”
I’m sure our forefathers are rolling over in their graves.
[quote=briansd1]I guess we still have education and pharma. [/quote]
You mean the education that is expensive and they are cutting or the research, for example, stem cell, that we are behind in?
