Classe move to China

Rich,

I agree with much of your statement, and for the most part I am a free trade proponent. However, I must disagree with one statement you made...that there is no difference in Us dollars going to the UK or to China.

If I have a choice when I buy a product, I would much prefer to spend money in the US. But if I buy foreign, I would definitely rather see money go to the UK- an open and free society- than to China, which is still an authoritarian, single party police state. That's not because I'm racist- its because I value freedom and intrinsic human rights.

Hi Dan:

It is why I prefaced the statement with ... from a 'purely economic perspective.'

More than China, I have problems with anything made in Vietnam. I remember all too well the yearly birthday drawing lotteries to see who would go over to fight in the war.

Rich


Rich

Rich- Understood . Thanks!

Rarl -- wrong!!! This is NOT about racism. The issue is about American jobs, plain and simple. Oh . . . as to racism, let me remind you that American society is made up of different types, stripes, colors and whatever.

I care when I see empty and decaying factories in my home town. I care when a friend, neighbor, or colleague gets laid off because his/her job has moved offshore -- anywhere. I care when I see what was once nice neighborhoods, decay because the people have moved away or live at subsistence levels.

I repeat what I said above. Even if the stuff we buy is a few bucks cheaper, if at the cost of American jobs, the trend is that large swathes of our society are being left behind. So, what good is it if a TV is made a few bucks cheaper overseas, if the target market is becoming impoverished --and it is, who is going to buy all this cheap jung anyway??

Fundsgon is onto something here. The next big market is China and they have tariffs (like we used to have from Washington until Reagan) that would make importation obscenely expensive. For a predatory, profit driven board of directors, its a smart move. They now have feet in both countries. American companies are no different.

And yes, Rarl, this all smacks of xenophobia: it helps keep one's attention diverted from the real shenanigans that truly deserve our scrutiny.