shootpar2001

Obama's 'Buy American' Plan May Meet China's Export-Led Growth in 2009

We can still manufacture, we choose not to; at these prices.
Protectionism is a moot point.
The Chinese, Vietnamese, etc. were going to produce at lower prices no matter what we did. Capital will flow to the most efficeint place, the law of large numbers is against U.S. production of simple items.
Who knows? Maybe ten years from now, China will be struggling against goods made in Africa.
Therefore, we will not lose 100% of manufacturing capacity, just the least efficeint.
Lastly, if we did not have 'foreigners' making some money from manufactured products; we would be giving them foreign aid hand-outs and the situation would be worse.


On Jan 14 12:25 PM Jubilee Year wrote:

> I have some interesting question for the free-trader crowd.
>
> At what point does the loss of our manufacturing capacity turn into
> a bad thing? Is there any point, any point at all, at which you would
> say, this is enough? Or would you decry protectionism even to the
> point of losing 100% of our manufacturing capacity? Even the midst
> of a depression?