Richard Brubaker

Is a Hard Landing in Store for China's Economy?

Jegan

1) I am not sure I understand your point here.

"Maybe 'All Roads Lead to China" should consider that no-one was upset when workers here in the US lost their livelihood to offshore factories."

People have been angry about offshoring for the last 5 years, and Schumer's bill 3 years ago was in response to that

2) We are not talking about a few container management jobs. We are talking about thousands of dock workers, truck drivers, and freight forwarders. Nearly every firm has internally hired logistics and quality professionals who potentially are at risk now as well. Cargo firms, airline firms, shipping firms... and so on.

I am not trying to imply that there is not an imbalance, or that Obama's administration should not look to spur domestic investment in Jobs. What I am saying is that a "Buy Ameican" campaign is not a way to do that.

That to bring in a protectionist movement, the risk of hurting American firms producing offshore, and those people who have jobs supporting the movement of those goods, will pay the political price.

With regard to your anecdote about the Wal-Mart demographic, keep in mind that consumers play a huge role in this. That American consumers have as a collective group been looking for "everyday lower prices", and as collective decisions were made, many firms were force to look globally to find cheaper sources.

There are other options on the table.

R
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